Torpago Raises $10M Series B

Torpago, a San Mateo, CA-based commercial credit card and spend management provider, based $10M in Series B funding.

The round was led by Priority Tech Ventures, a division of Priority Technology Holdings, Inc., and EJF Ventures, with participation from BankTech Ventures and other existing investors.

The company intends to use the funds to enhance implementation and compliance resources while continuing to expand its product suite.

Led by CEO Brent Jackson, Torpago equips banks and credit unions with white-labeled business credit cards, expense management software, and end-to-end program management. Built on a modern technology stack featuring web and mobile apps, native APIs and microservices, its platform facilitates the adoption and deployment of business credit card and expense management products.