Our focus on creating value helps our team members thrive, our customer succeed and our communities prosper. We are a leading provider of factoring services and an innovator of payment solutions in the transportation industry. Typically used by small and medium-sized businesses (SMB) in business-to-business (B2B) industries, the process involves sell of unpaid invoices to a third party, known as a factor or factoring company, which retains a percentage of the original invoice amount. Were an invoice factoring company with more than 100 dedicated employees to serve you with. Invoice factoring is one way to smooth out cash flow challenges. The figure for the third quarter was also significantly larger than the 1,628 reported for the third quarter of 2019, suggesting. Triumph is a diversified financial service company providing community banking, national lending and commercial finance solutions. Triumph Business Capital is a division of Triumph Bancorp, Inc. In announcing its third-quarter earnings, Triumph, one of the largest factoring companies serving the trucking sector, reported an average invoice size for the quarter of 1,931, up from 1,524 in the second quarter. With a factoring deal, you essentially sell your unpaid invoices (or ‘accounts receivables’ in industry jargon), get a large chunk of them paid upfront, and benefit from credit control assistance. Headquartered in Dallas, Texas, Triumph Business Capital is part of Triumph Bancorp, Inc. Triumph’s central offering (and one made crystal clear by its domain name, ) is its invoice factoring service. The strength of our commitment is reflected in product innovation, the strong strategic partnerships we’ve established and the clients who have allowed us to help them achieve a better financial life. At our core, we are in the business of Helping People Triumph and we know our success is measured by the value we bring to each of our relationships. The newly formed Triumph enables us to deliver that stronger message to our current clients and the business we believe we are in a better position to now earn.Getting paid shouldn’t be the hardest part about your job!įor almost two decades, Triumph Business Capital has provided invoice factoring to thousands of businesses and transportation companies. We are uniquely positioned to deliver additional value through a combined offering of invoice factoring, fuel discount programs, truck and cargo insurance and access to equipment finance, banking and treasury management services. “This brand consolidation demonstrates our commitment to being a more holistic financial partner to the companies we serve. “As we look to the future of transportation, we want to make our total service offering as explicit as possible – that Triumph can support and serve growth-minded transportation companies of all sizes or years in business and in ways that go beyond faster financing,” Geoff Brenner, president of the factoring division at Triumph, said. It reinforces our commitment to providing the transportation industry with access to the tools and services they need to grow their businesses.” “The Triumph brand consolidation is much more than a name change and logo update. Our invoice factoring programs provide a cash-flow solution to. A factoring company will pay you most of the invoiced amount immediately, then collect payment directly from your customers. TCI Business Capital is proud to be the top invoice factoring company in North America. Graft, vice chairman and CEO of Triumph Financial, said. What is invoice factoring Invoice factoring is type of invoice finance where you 'sell' some or all of your companys outstanding invoices to a third party as a way of improving your cash flow and revenue stability. “The new Triumph Financial name and logo reflect our evolution from a bank holding company to a financial and technology company focused on payments, factoring and banking,” Aaron P. In addition to the Triumph Financial rebranding, the brands Triumph Business Capital, Triumph Insurance Group and Triumph Commercial Finance have consolidated factoring, insurance and banking services for the transportation industry to go to market as a single brand – Triumph. 2, the company’s common stock began trading on NASDAQ under the ticker symbol “TFIN.” This replaced “TBK”,” Triumph’s former ticker symbol for its common stock. Triumph Bancorp rebranded to Triumph Financial.
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