Triumph’s CEO Graft is not holding back, likening the automated deals to the invention of the telephone in terms of technical significance.
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.
With two significant acquisitions in the last year, the major force in factoring embarks on a new path.
As TriumphPay gets set to bring in HubTran, a business with lots of companies may become one with far fewer firms.
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.
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
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. Plus, a major deal between Covenant and Triumph hits a wall.
Sale of TFS hits a dispute over status of more than half the assets in the deal
Number and average size of invoices purchased both declined from 1Q 2020 and 2Q 2019
