Traxpay
Traxpay operates a multi-bank Dynamic Financing Platform for supply chain finance, offering digital bills of exchange, dynamic discounting, and payment risk management to European banks and large enterprises, with Enigio trace:original technology providing MLETR-compliant digital negotiable instruments.
- Company typePrivate
- Founded2018
- HeadquartersFrankfurt, Germany
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Traxpay does
Traxpay GmbH is a Frankfurt-based B2B fintech that operates the Dynamic Financing Platform, a modular multi-bank supply chain finance (SCF) system unifying payables, receivables, and payment risk management. The platform powers digital bills of exchange, dynamic supplier financing, post-maturity financing, digital guarantees, and digital receivables sales, built on Enigio's trace:original technology for MLETR- and UK ETDA-compliant digital negotiable instruments. Its customers are large European enterprises seeking working capital optimization (e.g., Landgard, ADVA, Covestro, BioNTech) and banks that lack proprietary SCF infrastructure (Deutsche Bank, DZ BANK, NORD/LB, KfW IPEX-Bank, LBBW, Raiffeisen Bank International); suppliers of those enterprises access early-payment programs indirectly through the platform.\n\nThe company generates revenue through three streams: recurring platform/subscription fees paid by banks and corporates, transaction-based fees on financing flows processed through the platform, and professional services for implementation and customization. Pricing is enterprise-contract based with no public tiers, consistent with a sales-led GTM motion targeting large buyers. Distribution runs through direct enterprise field sales supplemented by a multi-bank channel model in which partner banks offer Traxpay-powered SCF to their corporate clients; a new browser-based web application launching in Fall 2025 adds a self-serve entry point aimed at mid-market buyers and banks without IT integration capacity.\n\nFounded around 2018–2019 (one management bio references 2018; company material references 2019) with a team of 11–50 employees spanning more than 14 nationalities, Traxpay secured a strategic minority investment from Deutsche Bank in October 2020. The company holds ISO 27001 certification, was recognized in Gartner's 2024 Market Guide for Supply Chain Finance Platforms, and operates primarily in the DACH region with continental European banking distribution and a stated ambition to become the market-leading European SCF platform.
Traxpay firmographics
Firmographics- Name
- Traxpay
- Legal name
- Traxpay GmbH
- Website
- https://traxpay.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Traxpay operates a multi-bank Dynamic Financing Platform for supply chain finance, offering digital bills of exchange, dynamic discounting, and payment risk management to European banks and large enterprises, with Enigio trace:original technology providing MLETR-compliant digital negotiable instruments.
- Ownership category
- akta.pro rank
Traxpay industry classification
Industry- Product category
- Supply Chain Finance Platform
- NAICS
- Sales Financing (52222), Custom Computer Programming Services (541511)
- SIC
- Short-Term Business Credit Institutions (6153), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Supply Chain Finance (Approved Payables / Reverse Factoring) (FSABAHAC)
- akta.pro secondary industry
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
Keywords
Where Traxpay is headquartered
LocationHeadquarters
- HQ city
- Frankfurt
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Traxpay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Platform/Subscription Fees: Banks and companies pay for access to the Dynamic Financing Platform for supply chain finance solutions
- Transaction-based Fees: Revenue generated from financing transactions processed on the platform including digital bills of exchange, dynamic discounting, and receivables financing
- Professional Services: Implementation, training, and consulting services for platform deployment and customization
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Traxpay product offering
Product offeringCore offering
Traxpay provides a Dynamic Financing Platform for Supply Chain Finance that combines payables, receivables, and payment risk management into a multi-bank software offering. It enables banks and large corporates to issue, transfer, and finance digital bills of exchange, run dynamic discounting and post-maturity financing programs, and issue digital guarantees and digital receivables, all under MLETR/UK ETDA-compliant digital negotiable instruments. Customers access the platform either through direct deployment, through partner banks white-labeling the platform, or via a new browser-based web application that requires no ERP integration.
Product overview
Traxpay offers the Dynamic Financing Platform©, a unified multi-bank financing platform that provides modular solutions for payables (AP), receivables (AR), and payment risk management. The core platform enables simultaneous optimization of working capital and generation of cash discount income through an expanding portfolio of supply chain financing instruments. Key modules include Dynamic Supplier Financing, Post Maturity Financing, Digital Guarantees, and Digital Receivables Sales, complemented by a Working Capital Optimization Calculator and Sustainability solutions. Traxpay is the first company to utilize negotiable instruments in digital form, combining payment, financing, and hedging functions. A new SCF 2.0 Web Application launched in 2025 extends these capabilities with browser-based access for digital bills of exchange without requiring ERP integration.
Differentiator
Problem solved
Functional benefit
Products and services
- Dynamic Financing Platform Unified multi-bank financing platform offering modular solutions for payables (AP), receivables (AR), and payment risk management, designed to optimize working capital, improve liquidity, and strengthen buyer-supplier relationships for banks and large enterprises.
- Dynamic Supplier Financing Supply chain financing module that enables early payment to suppliers while maintaining extended payment terms for buyers, optimizing working capital across the supply chain.
- Post Maturity Financing Financing solution for extending payment terms beyond standard maturity dates, enabling buyers to optimize the cash conversion cycle while giving suppliers continued access to liquidity, all without renegotiating supplier contracts.
- Digital Guarantees Digital guarantee instruments based on Enigio's trace:original technology, providing secure, legally compliant, and internationally recognized digital guarantee documents for payment risk in supply chain transactions.
- Digital Receivables Sales Platform module for digital receivables purchasing and sales, enabling businesses to monetize their receivables through digital, transferable instruments compliant with MLETR and UK ETDA.
- Sustainability Solutions ESG-linked financing solutions on the Dynamic Financing Platform that reward suppliers with strong ESG characteristics through advantageous discounting terms, supporting sustainability requirements in supply chain finance.
- SCF 2.0 Web Application for Digital Bills of Exchange Browser-based web application enabling banks and corporates to create, transfer, and finance digital bills of exchange without IT integration or ERP requirements, built on Enigio's trace:original technology for MLETR and UK ETDA compliance.
- Working Capital Optimization Calculator (Working Capital Optimierungs-Rechner) Standalone calculator tool on the Traxpay website that enables treasury and finance professionals to compute the Cash Conversion Cycle (CCC) from a few annual-report metrics and estimate working capital financing potentials.
Quantifiable outcome
- Landgard's 4,500 suppliers benefit from dynamic discounting program
- +2 more outcomes
Companies that use Traxpay
Customer profileNamed customers12 records
Segments3 records
Ideal customer profiles3 records
Traxpay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Traxpay partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered minor and core.
- LuxAGminorTrade and supply chain financing partnership where LuxAG invests in digital negotiable instruments enabled by Traxpay and Arqit technology, providing businesses access to new pools of working capital.
- ArqitcoreStrategic partnership to deliver more efficient, secure trade finance supported by new legislation. Combined digital negotiable instruments expertise with Traxpay's SCF platform capabilities.
- DZ BANKcoreDZ BANK signed a cooperation agreement to use Traxpay's digital platform for Supply Chain Financing. The partnership aims to produce 360-degree working capital management for corporate clients.
- NORD/LBcoreNORD/LB expanded cooperation with Traxpay and Landgard to include Digital Guarantees alongside dynamic discounting programs for working capital optimization.
- Enigio ABcoreTechnology partnership where Enigio's trace:original technology powers Traxpay's digital bills of exchange. Enigio provides the patented technology enabling secure, legally compliant digital documents compliant with MLETR and UK ETDA standards.
- KfW IPEX-BankcoreBanking partner for international financing and supply chain finance solutions using Traxpay's platform.
- Landesbank Baden-Württemberg (LBBW)coreBanking partner offering supply chain finance solutions powered by Traxpay's Dynamic Financing Platform.
- Raiffeisen Bank InternationalcoreInternational banking partner utilizing Traxpay's platform for trade and supply chain finance offerings.
- LandgardcoreAgricultural cooperative partner using Traxpay's dynamic discounting program. Landgard connects approximately 4,500 suppliers through the platform for working capital optimization.
- ADVAcoreTechnology company partner in sustainable SCF program combining working capital optimization with ESG characteristics using Traxpay's platform.
- International Chamber of Commerce (ICC) / ICC DSIcoreTraxpay's Managing Director Markus Wohlgeschaffen contributed expertise to ICC DSI's landmark report on digitalizing global trade interoperability. Active engagement in ICC trade digitization initiatives.
- ITFA (International Trade and Forfaiting Association)coreTraxpay is an ITFA member supporting the DNI (Digital Negotiable Instruments) initiative for MLETR adoption. Active participation in educational webinars and annual conferences.
- Trade Finance Distribution (TFD) InitiativeminorMember of TFD Initiative contributing to trade finance distribution market development and standards.
- C4DTI (Centre for Digital Trade in International Trade)coreSilver sponsor of C4DTI Digital Trade Conference in London. Traxpay executives participate as speakers on digital negotiable instruments panels.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Traxpay competitors and assessment
Company assessmentBroad incumbents
- SAP (S/4HANA Finance & Group Treasury): SAP provides ERP and treasury management solutions (including via its Taulia acquisition) that touch SCF and working capital at large enterprises. A broad incumbent with overlapping capability; competes indirectly by owning the system of record Traxpay integrates with.
Others
- Enigio AB: Enigio is the provider of the patented trace:original digital-document technology that Traxpay licenses for its digital bills of exchange. Not a competitor but a critical technology partner — included as an ecosystem dependency that materially shapes Traxpay's product capabilities.
Emerging players
- Billie: Billie offers BNPL and invoice financing for B2B transactions in Europe, targeting SMB buyers and their suppliers. Emerging peer in the digital receivables/payables financing space; overlaps with Traxpay's receivables-purchasing and dynamic-discounting modules.
- Hokodo: Hokodo is a European B2B payments and trade-credit platform offering invoice financing and embedded credit for SMB suppliers. Adjacent to Traxpay's supplier-financing focus but targets the mid-market/SMB segment and embeds via APIs rather than white-label bank platforms.
- Marco Polo Network (TradeIX / R3): Marco Polo is a blockchain-based trade and supply chain finance network built on R3 Corda, providing working-capital and receivables financing for bank participants. Comparable in mission (digitized, bank-distributed SCF) but uses DLT rather than Traxpay's MLETR-compliant negotiable-instrument approach.
Direct peers
- Taulia: Taulia, acquired by SAP, is a leading supply chain finance and dynamic discounting platform serving large enterprises and their suppliers globally. Directly comparable to Traxpay on dynamic discounting, early-payment programs, and ERP-integrated SCF — but with significantly greater scale, an SAP parent for distribution, and broader geographic reach.
- C2FO: C2FO runs a global working-capital platform focused on dynamic discounting and early-payment programs between corporates and their suppliers. Competes head-to-head with Traxpay's Dynamic Supplier Financing module and serves similar buyer-supplier ecosystems.
- PrimeRevenue: PrimeRevenue operates one of the largest multi-bank supply chain finance platforms, enabling suppliers and buyers to access working capital via receivables financing. A direct competitor in SCF platforming with comparable multi-bank architecture but materially more volume under management.
- Demica: Demica provides a cloud-based supply chain finance platform for banks, corporates, and institutional investors, including receivables, payables, and inventory finance. Comparable as a bank-facing SCF infrastructure provider; like Traxpay, it white-labels its platform for banks.
- Orbian: Orbian is a supply chain finance platform offering working-capital solutions to large enterprises and their supplier networks, traditionally backed by bank partners. Direct competitor in managed SCF programs and reverse-factoring-style structures similar to Traxpay's offering.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Traxpay social profiles
Digital presenceTraxpay compliance and trust
Trust signalCompliance1 record
Traxpay financial estimates
Financial estimateRevenue estimate
Valuation estimate
Traxpay leadership team
Management profileNumber of profiles
Profiles10 records
Traxpay funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Traxpay 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 Traxpay
What does Traxpay do?
Traxpay provides a Dynamic Financing Platform for Supply Chain Finance that combines payables, receivables, and payment risk management into a multi-bank software offering. It enables banks and large corporates to issue, transfer, and finance digital bills of exchange, run dynamic discounting and post-maturity financing programs, and issue digital guarantees and digital receivables, all under MLETR/UK ETDA-compliant digital negotiable instruments. Customers access the platform either through direct deployment, through partner banks white-labeling the platform, or via a new browser-based web application that requires no ERP integration.
Is Traxpay a public or private company?
Traxpay is a private company. It is classified as venture growth investor backed and is currently operating.
When was Traxpay founded?
Traxpay was founded in 2018. It employs 11 to 50 people.
Where is Traxpay based?
Traxpay is headquartered in Frankfurt, Germany, in the Europe region.
How does Traxpay make money?
Three revenue lines are on record. Platform/Subscription Fees are the primary driver. The others are transaction-based Fees and professional Services.
Who are Traxpay's main competitors?
SAP (S/4HANA Finance & Group Treasury) is listed as a broad incumbent. Enigio AB is listed as an others. Emerging players are Billie, Hokodo and Marco Polo Network (TradeIX / R3). Direct peers are Taulia, C2FO, PrimeRevenue, Demica and Orbian.
Does Traxpay have an API?
No public API is recorded for Traxpay.
What industry is Traxpay in?
Traxpay's product category is Supply Chain Finance Platform. Its primary akta.pro industry code is FSABAHAC, Supply Chain Finance (Approved Payables / Reverse Factoring), with a secondary code of BPAMAFAF, Bill Pay, Invoicing & Payables Platforms. Its NAICS code is 52222 and its SIC code is 6153.