Trice
Trice is an API-first embedded payments platform that enables instant, irrevocable B2B bank transfers via RTP and FedNow rails, serving financial institutions, fintechs, digital wallets, lenders, and marketplaces.
- Company typePrivate
- Founded2023
- HeadquartersAustin, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Trice does
Trice Technologies Inc. is a Delaware-incorporated, Austin-headquartered fintech operating a cloud-native, API-first embedded payments platform that connects businesses directly to U.S. real-time payment rails operated by The Clearing House (RTP) and the Federal Reserve (FedNow), with additional ACH access via NACHA. The platform enables instant, irrevocable bank-to-bank transfers using ISO 20022 messaging and an off-core architecture that allows financial institutions to add real-time capabilities without disrupting existing core banking systems. Trice's product surface is organized around a core embedded payment API and two modules — Money-In for real-time inbound collection (including Request for Payment workflows, instant account funding, and balance top-ups) and Money-Out for instant disbursements, bulk payouts, and automated recurring transfers. End markets span banks and credit unions, fintech platforms, digital wallets, alternative lenders, B2B payments companies, merchants and marketplaces, and online gaming and betting operators.
Revenue is generated through transaction fees on real-time payment volume, with no publicly disclosed pricing; enterprise and developer clients access quote-based, pay-as-you-go pricing via direct sales and self-serve API integration. Funds movement is executed through a banking partner network (TransPecos Banks, G Bank, Great North Bank, and First Federal Bank of Florida), and the platform claims reach across more than 40 percent of U.S. checking accounts following the inclusion of Wells Fargo in deposit authorization. The company has raised approximately $3 million in seed funding from Diagram Ventures, JAM FINTOP, and Royal Bank of Canada, operates with a team in the 11-50 range, and is led by CEO Doug Yeager, whose prior payments background includes founding SimplyTapp (HCE on Android) and TradeWind Technologies.
Trice firmographics
Firmographics- Name
- Trice
- Legal name
- Trice Technologies Inc.
- Website
- https://trice.co
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Trice is an API-first embedded payments platform that enables instant, irrevocable B2B bank transfers via RTP and FedNow rails, serving financial institutions, fintechs, digital wallets, lenders, and marketplaces.
- Ownership category
- akta.pro rank
Trice industry classification
Industry- Product category
- Real-Time Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Instant Payment Scheme Connectivity & Processing (e.g., FedNow, SEPA Instant, Faster Payments) (FSAMAHAD)
- akta.pro secondary industries
- Wire/RTP Request-for-Payment (RFP) & Pay-by-Bank Messaging (FSAMAHAJ), Wire/RTP Message Formatting, Routing & Translation (ISO 20022 / MT-MX) (FSAMAHAE), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)
Keywords
Where Trice is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Trice business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Real-Time Payments-as-a-Service: Trice operates as a payments platform providing real-time money movement infrastructure. Revenue is generated through transaction fees for processing instant payments via RTP and FedNow rails. The platform enables businesses to send and receive instant, irrevocable bank transfers, with funds transfers performed by financial institution partners including TransPecos Banks, G Bank, Great North Bank, and First Federal Bank of Florida.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Enterprise and developer-focused pricing model |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Trice product offering
Product offeringCore offering
Trice provides a cloud-native, API-first embedded payment platform that connects businesses to the RTP and FedNow real-time payment rails, enabling instant, irrevocable B2B bank-to-bank transfers. The platform is structured around two modules—Money-In for real-time inbound payment collection and Money-Out for instant outbound disbursements—offering ISO 20022 messaging, Request for Payment (RfP) workflows, and compliance controls that can be integrated in weeks rather than months without disrupting existing banking cores.
Product overview
Trice offers a unified real-time payments-as-a-service platform built as a cloud-native API-first architecture. The core product is the Trice Embedded Payment API, which connects to RTP and FedNow payment rails to enable instant, irrevocable B2B bank transfers. The platform consists of two primary modules: Money-In (for receiving instant payments with guaranteed settlement and no chargebacks) and Money-Out (for sending instant disbursements with irrevocable fund transfers). Together, these modules provide end-to-end real-time money movement for financial institutions, fintech platforms, digital wallets, lenders, B2B payments, and merchants.
Differentiator
Problem solved
Functional benefit
Products and services
- Trice Embedded Payment API Cloud-native API-first platform that connects businesses to the RTP and FedNow real-time payment rails, enabling instant, irrevocable B2B bank transfers with zero settlement risk and no chargebacks, designed for financial institutions, fintechs, digital wallets, lenders, and merchants.
- Money-In Real-time inbound payment module enabling instant fund collection with guaranteed irrevocable settlement, instant account activation and funding, automated balance top-ups, and streamlined Request for Payment (RfP) workflows for businesses collecting payments from customers.
- Money-Out Real-time outbound payment module enabling instant disbursements, irrevocable fund transfers, bulk and recurring payouts automation, and instant cash-out capabilities for businesses sending money to customers, vendors, and employees.
Quantifiable outcome
- Eliminates 200 BPS (2%) average deposit reversals associated with ACH and card processing when combined with account intelligence tools
- +3 more outcomes
Companies that use Trice
Customer profileSegments7 records
Ideal customer profiles4 records
Trice technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature6 records
Trice partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- TransPecos BankscoreTransPecos Banks is one of Trice's financial institution partners that performs funds transfers and holds funds for the Trice Platform. Part of Trice's banking network for RTP/FedNow transactions.
- G BankcoreG Bank is a financial institution partner performing funds transfers and holding funds for the Trice Platform as part of the real-time payment infrastructure.
- Great North BankcoreGreat North Bank serves as a financial institution partner for Trice, enabling fund transfers and deposits through the real-time payment rails network.
- First Federal Bank of FloridacoreFirst Federal Bank of Florida is a banking partner for Trice, facilitating funds transfers and holding deposits as part of the Trice payment platform.
- The Clearing House (RTP Network)coreTrice is an approved technology provider and real-time payments gateway for the RTP network from The Clearing House, enabling instant irrevocable bank-to-bank transfers.
- Federal Reserve (FedNOW Network)coreTrice is an approved technology provider and real-time payments gateway for the FedNOW network from the Federal Reserve, providing access to federal real-time payment infrastructure.
- NACHA (ACH Network)coreTrice is an approved technology provider for the ACH network from NACHA, enabling traditional batch payment processing alongside real-time rails.
Scale indicators2 records
Recent moves6 records
Expansion highlights6 records
Trice competitors and assessment
Company assessmentDirect peers
- Orum: Orum offers an instant payment API that connects businesses to RTP, FedNow, and ACH rails. It is the closest direct competitor to Trice, addressing the same developer and fintech buyer with real-time money movement capabilities.
- Increase: Increase provides a real-time payments platform and APIs for sending and receiving instant payments via RTP/FedNow. Comparable to Trice in targeting fintechs and banks with infrastructure-grade instant payment tooling.
- Modern Treasury: Modern Treasury is a payment operations platform offering APIs for bank transfers, including real-time rails. It competes with Trice for the same fintech and B2B payments buyer but with a broader product surface.
- Finix: Finix is an embedded payments platform that lets software platforms and fintechs move money and accept payments. It competes with Trice for embedded finance customers, with broader card acquiring in addition to A2A.
- Unit: Unit is an embedded banking and payments platform providing APIs for accounts, cards, and money movement. It competes with Trice in the embedded finance layer, with a broader stack that includes account opening and ledgering.
- Dwolla: Dwolla offers an account-to-account payment API that initiated the modern A2A platform category in the US. It overlaps with Trice on ACH and increasingly RTP/FedNow payment initiation for fintech and platform customers.
- Highnote: Highnote is an embedded payments platform offering card issuing and A2A payment capabilities. It targets similar software platforms and fintechs as Trice, with a broader issuing-led proposition.
Broad incumbents
- Plaid: Plaid is a broad financial data and payments platform whose Plaid Transfer product offers A2A payment initiation. It competes with Trice for fintech payment-rail buyers but as part of a much larger data and connectivity ecosystem.
- Stripe Treasury: Stripe Treasury enables platforms to embed banking and money-movement functionality via APIs. It overlaps with Trice's Money-In/Money-Out use cases but is part of Stripe's much broader commerce and payments stack.
Emerging players
- Sila: Sila provides a money transfer and ACH API for fintech applications, with growing focus on real-time and bank-rail connectivity. It is a smaller-scale comparable to Trice in the developer-first payment API category.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Trice social profiles
Digital presenceTrice financial estimates
Financial estimateRevenue estimate
Valuation estimate
Trice leadership team
Management profileNumber of profiles
Profiles4 records
Trice funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Trice M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Trice
What does Trice do?
Trice provides a cloud-native, API-first embedded payment platform that connects businesses to the RTP and FedNow real-time payment rails, enabling instant, irrevocable B2B bank-to-bank transfers. The platform is structured around two modules—Money-In for real-time inbound payment collection and Money-Out for instant outbound disbursements—offering ISO 20022 messaging, Request for Payment (RfP) workflows, and compliance controls that can be integrated in weeks rather than months without disrupting existing banking cores.
Is Trice a public or private company?
Trice is a private company. It is classified as venture growth investor backed and is currently operating.
When was Trice founded?
Trice was founded in 2023. It employs 1 to 10 people.
Where is Trice based?
Trice is headquartered in Austin, United States, in the North America region.
How does Trice make money?
One revenue line is on record: real-Time Payments-as-a-Service.
Who are Trice's main competitors?
Direct peers on record are Orum, Increase, Modern Treasury, Finix, Unit, Dwolla and Highnote. Broad incumbents are Plaid and Stripe Treasury. Sila is listed as an emerging player.
Does Trice have an API?
Yes. Trice offers a public embedded payment API enabling real-time money movement via RTP and FedNow rails. The API supports request-for-payment (RFP) workflows, instant credit-push transactions, and automated reconciliation using ISO20022 messaging. Features include seamless integration capabilities, sandbox environments for testing, developer documentation, and compliance-ready onboarding. The API is cloud-native and API-first architecture, enabling businesses to enable real-time payments in weeks rather than months. Developer documentation is at triceapi.readme.io/reference/getting-started-with-your-api.
What industry is Trice in?
Trice's product category is Real-Time Payment Infrastructure. Its primary akta.pro industry code is FSAMAHAD, Instant Payment Scheme Connectivity & Processing (e.g., FedNow, SEPA Instant, Faster Payments), with a secondary code of FSAMAHAJ, Wire/RTP Request-for-Payment (RFP) & Pay-by-Bank Messaging. Its NAICS code is 52232 and its SIC code is 6199.