For Triumph Bancorp, 2020 was the year of TriumphPay.
It is not that the platform for paying carriers was launched during this past year. That goes back to 2017.
It was the year of TriumphPay because many of the major moves the company’s parent, Triumph Bancorp, took over the past 12 months were aimed at building out TriumphPay as an alternative to more traditional factoring. And that is one of the reasons why TriumphPay landed at number 19 on the FreightTech Top 25 for 2020.
The key to its...