Traxpay

Description

• What is Traxpay?Traxpay, founded 2009, is an early pioneer in the B2B Fintech area. Traxpay has developed an award winning and patent pending Software-as-a-Service platform. The Traxpay platform helps banks and B2B networks to generate untapped revenue by offering innovative payments and supply chain financing products to their corporate clients. The solution connects corporate ERP systems with each other and with bank's backend systems. This connection unlocks data and business process optimization to enable significantly more flexible and efficient payments processing, (reverse) factoring and dynamic discounting. All Traxpay solutions are optionally connected to and processed via the blockchain offering banks dedicated blockchain product use cases.The company is privately held, headquartered in Frankfurt, Germany and led by senior industry experts with experience in banking and payments. Until today Traxpay has raised 20mn of venture capital by key investors like Earlybird Ventures, CommerzBank, Software AG and others.What does Traxpay do?Traxpays Financing Platform provides banks and corporations with a turnkey solution for digitizing supply chain financing transactions. Traxpay has developed and supported a multi-award-winning Software-As-a-Service Platform that helps banks to integrate into the existing ERP systems of their customers. The easy integration into the ERP systems enables seamless processes and combines all existing refinancing and investment instruments. This results in a Working-Capital optimization on the customer side and besides that the sellers achieve the highest possible flexibility for Supply Chain Financing.This flexibility ensures ad hoc financing of individual invoices and unites all todays existing refinancing instruments as a one-stop shop. The supplier has one view on cash forecasting but also optimized one-stop refinancing options.Factoring, dynamic discounting, reverse factoring, bank credit lines and others are all optimized on a single platform. This leads to an integrated Cash-Management-Cockpit for suppliers, with the highest certainty of cash planning. On the buyer side the integration into the ERP systems is very safe and quick; and furthermore creates possibilities of cash optimization beyond todays investment opportunities. Technologywise, but also interest rate wise!For banks which serve as sales and product partners, Traxpay generates additional revenue opportunities. Traxpay improves the stickiness with their customers and enlarges the product spectrum of the bank by a modern and state-of-the-art refinancing of working assets.
• 

  Headquarters:800 W El Camino Real Ste 180 , Mountain View, California, United States

  More
• 

  Phone Number:

• 

  Website: https://www.traxpay.com

• 

  Employees:35

• 

  Revenue:$10 - 50M

• 

  Legal Name:Traxpay

• Traxpay's Social Media

  
• Is this data correct?

• |  NAICS Code: 541611  |

  Show More