Triumph Business Capital
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Business
Wall Street gives very big thumbs-up to Triumph-HubTran deal
One interesting aspect of the report by B Riley: Could TriumphPay and Triumph Capital be headed in different directions?
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Technology
HubTran is final piece for TriumphPay in buildout of a transportation payments network
TriumphPay is acquiring HubTran to integrate machine-learning capabilities for a fully integrated payments network for its customers.
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Trucking
Aggressive growth targets for TriumphPay laid out
A $4.8 billion run rate for the quarter is expected to be at $7 billion by the end of the year: Triumph Bancorp CEO Graft
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Trucking
The Daily Dash: Amazon and malls; Convoy’s big deals; and could a big deal fall through?
In today’s edition of The Daily Dash, Amazon is looking at how it might utilize mall space and Convoy unveils some big deals for carriers.…
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Trucking
Sale of Covenant factoring business to Triumph hits a snag
Sale of TFS hits a dispute over status of more than half the assets in the deal
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News
Triumph’s factoring business softens in most significant metrics
Number and average size of invoices purchased both declined from 1Q 2020 and 2Q 2019
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Trucking
Covenant sells its factoring arm to Triumph
TFS being sold for more than $100 million, other considerations
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News
Trucker Path partners with Motel 6 to offer 12% discount to drivers during COVID-19 pandemic
Motel 6 is offering a 12% discount to truck drivers who book a room at one of its 1,400 hotels through the Trucker Path app.
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Blockchain
Graft: smart contracts will reduce factoring costs
Smart contracts will lower the labor costs—and thus the price—of receivables factoring, but don’t expect same-day payments because the technology won’t change fundamental capital requirements,…
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Cash Flow Corner
Pros and cons of an extended warranty program
Cashflow Corner presented by TriumphPay You’ve taken the leap and decided to purchase your own truck. Or maybe you run a small fleet and have a…
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