Triumph Financial’s shares are cut to a sell level at Wells Fargo on a still lengthy wait for a payoff at TriumphPay.
Triumph Bancorp CEO Graft revealed the numbers on the new factoring and brokerage companies that have signed up to the processing platform whose capabilities were bolstered earlier this year with the acquisition of HubTran.
We are excited to build out products that free documents and data from legacy workflows and manual processes.
Several customers have gone live with BravoTran’s technology, including Yusen Logistics and Mitsubishi Logistics of America.
With two significant acquisitions in the last year, the major force in factoring embarks on a new path.
The new company already has 10 clients, as it takes the HubTran platform and steers it toward a market that is similar but with key differences.
WHAT THE TRUCK?!? welcomes HubTran’s Josh Asbury to the show. The crew dives into the acquisition with TriumphPay and discusses HubTran’s Lights-Out Processing platform.
One interesting aspect of the report by B Riley: Could TriumphPay and Triumph Capital be headed in different directions?
TriumphPay is acquiring HubTran to integrate machine-learning capabilities for a fully integrated payments network for its customers.
HubTran boasts over 1 billion processed documents, 99% accuracy and $50 million saved.
