TriumphPay

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.

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

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

• Freight payment processing
• Carrier factoring services
• Supply chain finance
• Broker payment solutions
• Freight rate intelligence

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. Virtual Card Processing: Virtual card payments are processed using single-use credit card numbers, generating interchange and processing fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core 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

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature4 records

Partnerships

One partnership is on record.

• GoodShipcoreTechnology or Integration · 30 April 2026GoodShip 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

Direct 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

• YouTubeyoutube.com/@poweredbytriumph
• LinkedInlinkedin.com/company/powered-by-triumph

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TriumphPay