COMPANY INFO
Torpago, Inc. is a financial technology company founded in 2019 by Brent Jackson. It is headquartered in Burlingame, California, and has approximately 29 to 31 employees. The company operates in the financial software industry and offers a white-labeled platform that enables banks to issue branded business credit cards with AI-powered spend management tools and a bank-facing admin portal. Torpago's platform helps banks launch and manage business credit card programs with modern technology designed for speed, compliance, and scale, simplifying corporate spending and expense management for businesses. Their website is https://www.torpago.com.
Torpago is a financial technology company founded in 2019 by Brent Jackson and headquartered in Burlingame, California. Operating within the financial software sector, Torpago empowers banks to launch branded business credit card programs with AI-powered spend management tools and a customizable, white-labeled admin portal. The platform enables financial institutions to deliver modern corporate card solutions with integrated spend controls, compliance tracking, and real-time reporting. With approximately 31 employees, Torpago serves clients from its Burlingame headquarters, San Francisco sales office, and an international HQ in London.
Torpago has rapidly gained recognition among financial institutions seeking to modernize their commercial credit offerings. The company has raised a total of $16.8 million across five funding rounds, marking steady progress from early product development to market expansion. Notable milestones in Torpago’s funding journey include two seed rounds, an early-stage round, and significant Series A and B rounds led by top fintech venture capital firms. Torpago’s funding strategy has focused on supporting platform innovation, accelerating customer acquisition, and enhancing compliance and implementation resources to scale its impact in the banking industry.
This growth capital was raised to accelerate the development of Torpago’s commercial credit card and spend management platform, expand the product suite, and bolster implementation and compliance resources for banking partners.
This Series A round funded further product development, market expansion, and the formation of key bank partnerships to scale Torpago’s go-to-market strategy.
Funding was used to scale up product readiness and boost customer acquisition efforts as Torpago readied for broader market entry.
This seed round enabled Torpago to expand product features, increase engineer headcount, and build early traction among financial institution clients.
Initial seed funding helped launch Torpago’s platform, supporting the foundational product development and pilot client implementations.
Priority Tech Ventures is a fintech-focused venture capital firm and a lead investor in Torpago’s Series B round. They are instrumental in providing resources to accelerate platform growth and enterprise partnerships.
EJF Ventures is a leading fintech venture capital firm that joined as a lead investor in both the early-stage and Series B rounds. Their continued support has been vital for Torpago’s scaling and product innovation.
BankTech Ventures led Torpago’s Series A round, focusing on propelling innovation and growth within the banking technology sector. Their investment advanced Torpago’s presence in the community and regional banking market.
Operate is a venture capital firm specializing in early-stage fintech investments. They led the second seed round, enabling Torpago’s expansion of its platform feature set.
As an early seed investor, Kortschak Investments provided initial capital that enabled the launch and foundational growth of Torpago’s platform.
Clear Haven Capital Management participated in follow-on investments, supporting Torpago’s ongoing expansion and compliance initiatives.
Assurant Ventures contributed to Torpago’s capital pool, supporting product enhancements and go-to-market efforts.
First Northwest backed Torpago in its mission to provide innovative banking technology, helping fuel growth and development.
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