TriumphPay
TriumphPay is a freight-vertical payment processing and financial services platform that provides same-day funding, QuickPay, factoring, audit, and rate-intelligence solutions to carriers, brokers, shippers, and factors across North America, operating under bank-chartered TBK Bank, SSB.
- Company typePublic
- Founded2016
- HeadquartersDallas, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What TriumphPay does
TriumphPay is a freight-vertical payment processing and financial services platform operating under TBK Bank, SSB, a wholly-owned subsidiary of publicly traded Triumph Financial, Inc. (NASDAQ: TFIN). Founded in 2016 and headquartered in Dallas, Texas, the company targets the structural cash-flow mismatch in freight — where carriers typically wait 30–90 days for broker payment — by offering same-day funding, two-day QuickPay, invoice factoring, and virtual card settlement. It also extends into supply chain finance, equipment finance, commercial banking and lending (via the bank charter), truck insurance, fuel discount programs, and back-office services, giving it both transaction-fee revenue and balance-sheet-driven revenue streams.
The platform's product architecture spans a core Payments engine (ACH, wire, check, QuickPay, same-day funding, virtual card) layered with modules including Factoring, Factoring-as-a-Service, NextGen Audit, Supply Chain Finance, and an Intelligence suite (Capacity, Market Buy Rates, and Verified Buy Rates). The Intelligence layer is powered by broker-specific machine learning models trained on real transaction data covering approximately 65% of brokered freight in North America, delivered both directly and via OEM embedding into third-party broker platforms such as GoodShip. A Mastercard-licensed debit card (LoadPay) and the Select Carrier Program — which locks QuickPay at 2.5% or less per invoice — round out the carrier-facing wallet.
Go-to-market is hybrid: a self-serve carrier portal with 24/7 mobile access for the long tail of owner-operators and small fleets, direct enterprise sales for brokers needing audit and intelligence implementations, and OEM/embedded distribution via partner platforms. Revenue is overwhelmingly transaction-based (QuickPay fees, factoring discounts, virtual card interchange), with the 2.5% Select Carrier rate as the only publicly disclosed pricing anchor. TriumphPay serves four customer segments — carriers, brokers, shippers, and factors — with carriers and brokers as primary; segment-level revenue is not separately disclosed within consolidated TFIN reporting.
TriumphPay firmographics
Firmographics- Name
- TriumphPay
- Legal name
- TBK Bank, SSB
- Website
- https://triumphpay.com
- Company type
- Public
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- TriumphPay is a freight-vertical payment processing and financial services platform that provides same-day funding, QuickPay, factoring, audit, and rate-intelligence solutions to carriers, brokers, shippers, and factors across North America, operating under bank-chartered TBK Bank, SSB.
- Ownership category
- akta.pro rank
TriumphPay industry classification
Industry- Product category
- Freight Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Marketplace & Platform Payments (Split Payments, Sub-merchants) (FSAMACAG)
- akta.pro secondary industries
- Marketplace & Platform Seller Payouts (FSAMAKAE), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Marketplace / Platform Acquiring (PayFac & Sub-Merchant Management) (FSAMABAF)
Keywords
Where TriumphPay is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
TriumphPay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Payment Processing Fees: TriumphPay charges fees for processing carrier payments including QuickPay and virtual card transactions. The Select Carrier Program offers rates of 2.5% or less on all invoices for carriers who lock in the program terms.
- Invoice Factoring: Carriers can submit invoices and receive same-day payment by selling receivables to Triumph. Factoring fees are charged for immediate payment versus waiting standard broker payment terms of 30-90 days.
- Virtual Card Processing: Virtual card payments are processed using single-use credit card numbers, generating interchange and processing fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Select Carrier Program - locked rate of 2.5% or less on all invoices |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
TriumphPay product offering
Product offeringCore offering
TriumphPay operates a cloud-based payment processing and financial services platform for the freight and logistics industry, providing carriers with expedited payment options (Same-Day Funding, QuickPay with two-day turnaround, ACH, virtual card) in place of standard 30-90 day broker payment terms. For brokers and factors, the platform delivers payment processing, audit, supply chain finance, factoring, equipment finance, and predictive rate intelligence (Market Buy Rates and Verified Buy Rates) that covers approximately 65% of brokered freight in North America.
Product overview
TriumphPay operates as a platform-plus-modules architecture offering payment, factoring, banking, and intelligence solutions across four primary customer segments: brokers, carriers, shippers, and factors. The core Payments platform provides expedited payment solutions (QuickPay, Same-Day Funding, ACH, wire, virtual cards) and invoice Factoring services. Additional modules include the Rates intelligence solution (Market Buy Rates and Verified Buy Rates powered by machine learning), NextGen Audit for broker/factor operations, Supply Chain Finance, Equipment Finance, Truck Insurance, and Discount Fuel Program. Banking services (Commercial Banking, Commercial Lending) are offered through TBK Bank, SSB. The platform integrates with GoodShip to embed real-time rate intelligence directly into broker workflows.
Differentiator
Problem solved
Functional benefit
Brands
- QuickPay: Carrier payment solution offering two-day turnaround on payments, available on an invoice-by-invoice or broker-by-broker basis without long-term contracts.
- StandardPay
- LoadPay
- Triumph Select Carrier Program
- Triumph Insurance Group
Products and services
- Payments
- Factoring
- LoadPay
- Triumph Intelligence Rates
- NextGen Audit
- Supply Chain Finance
- Factoring as a Service
- Capacity
- Commercial Banking
- Commercial Lending
- Equipment Finance
- Truck Insurance
- Discount Fuel Program
- Back Office Services
- Performance (ISO)
- Virtual Card Carrier Payments
Quantifiable outcome
- Brokers can achieve 40 loads per person per day through digitized operations
- +2 more outcomes
Companies that use TriumphPay
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles3 records
TriumphPay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability3 records
Feature4 records
TriumphPay partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- GoodShipcoreGoodShip and Triumph partnered to embed Triumph Intelligence Market Buy Rates and Verified Buy Rates directly into the GoodShip platform for brokers. The Verified Buy Rates are powered by broker-specific machine learning models based on historical performance, while Market Buy Rates provide predictive views using real transaction data covering approximately 65% of brokered freight in North America. The integration is already live and immediately available to joint customers, enabling brokers to price freight in real time within their existing GoodShip workflows.
Scale indicators1 record
Recent moves6 records
Expansion highlights6 records
TriumphPay competitors and assessment
Company assessmentDirect peers
- OTR Solutions: OTR Solutions provides factoring, fuel cards, and payment solutions to small and mid-sized trucking carriers. It is one of the closest direct competitors to TriumphPay's carrier-side factoring and QuickPay offerings.
- Apex Capital: Apex Capital is one of the largest freight factoring companies in the US, serving carriers and owner-operators with non-recourse factoring and fuel advances. It competes head-to-head with TriumphPay on factoring economics and carrier relationships.
- Highway: Highway is a digital factoring and carrier payments platform built for modern trucking operations. It targets the same carrier and broker segments as TriumphPay with API-driven onboarding and faster payment terms.
- RTS Financial Services: RTS provides factoring, fuel advances, and back-office services to trucking carriers. It is a long-standing direct competitor in the freight factoring and carrier payments market where TriumphPay operates.
- TFS Capital (Transportation Factoring Services): TFS Capital offers non-recourse freight factoring, QuickPay-style advances, and collections services for carriers. It directly competes with TriumphPay's factoring and expedited payment products.
- Vector (Vector Factoring): Vector provides freight factoring, fuel advances, and same-day payment options for trucking carriers. It competes with TriumphPay on carrier-side factoring economics and speed of funding.
- PayCargo: PayCargo is a payments network for the logistics industry, processing freight payments across air, ocean, and ground. While more weighted to air/ocean, it overlaps directly with TriumphPay's freight payment processing concept.
Broad incumbents
- Uber Freight: Uber Freight operates a digital brokerage platform that increasingly bundles carrier payments, factoring, and capacity tools. As a much larger logistics player, it competes with TriumphPay on broker-side payments and adjacent intelligence.
- Descartes Systems Group: Descartes provides a broad portfolio of logistics and supply chain technology, including transportation management and freight audit. Its logistics-finance adjacent capabilities overlap with TriumphPay's audit and payment solutions for brokers.
Emerging players
- Motive (formerly KeepTruckin): Motive is a fleet operations platform serving carriers with ELD, fleet management, and increasingly financial services. It overlaps with TriumphPay on the carrier-side financial workflow stack, though its payments footprint is still emerging.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
TriumphPay social profiles
Digital presenceTriumphPay financial estimates
Financial estimateRevenue estimate
Valuation estimate
TriumphPay leadership team
Management profileNumber of profiles
Profiles1 record
TriumphPay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TriumphPay M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TriumphPay
What does TriumphPay do?
TriumphPay operates a cloud-based payment processing and financial services platform for the freight and logistics industry, providing carriers with expedited payment options (Same-Day Funding, QuickPay with two-day turnaround, ACH, virtual card) in place of standard 30-90 day broker payment terms. For brokers and factors, the platform delivers payment processing, audit, supply chain finance, factoring, equipment finance, and predictive rate intelligence (Market Buy Rates and Verified Buy Rates) that covers approximately 65% of brokered freight in North America.
Is TriumphPay a public or private company?
TriumphPay is a public company. It is classified as corporate owned and is currently operating.
When was TriumphPay founded?
TriumphPay was founded in 2016. It employs 101 to 250 people.
Where is TriumphPay based?
TriumphPay is headquartered in Dallas, United States, in the North America region.
How does TriumphPay make money?
Three revenue lines are on record. Payment Processing Fees are the primary driver. The others are invoice Factoring and virtual Card Processing.
Who are TriumphPay's main competitors?
Direct peers on record are OTR Solutions, Apex Capital, Highway, RTS Financial Services, TFS Capital (Transportation Factoring Services), Vector (Vector Factoring) and PayCargo. Broad incumbents are Uber Freight and Descartes Systems Group. Motive (formerly KeepTruckin) is listed as an emerging player.
Does TriumphPay have an API?
No public API is recorded for TriumphPay.
What industry is TriumphPay in?
TriumphPay's product category is Freight Payment Processing. Its primary akta.pro industry code is FSAMACAG, Marketplace & Platform Payments (Split Payments, Sub-merchants), with a secondary code of FSAMAKAE, Marketplace & Platform Seller Payouts. Its NAICS code is 52232 and its SIC code is 7372.