USA – Trice, an Austin, TX-based provider of a cloud-native API-first platform enabling direct connectivity for real-time bank payments, raised an undisclosed amount in Seed funding.
Backers included Diagram Ventures, Royal Bank of Canada (RBC), and JAM FINTOP.The company intends to use the funds to continue building developer-friendly tools, expanding its engineering team to accelerate the product roadmap, rolling out bank-grade risk and compliance controls, and deepening partnerships and enterprise agreements.Led by Doug Yeager, Founder and CEO, Trice leverages innovative technology to provide a secure API driven platform for real-time payments. The platform provides NeoBanks, Digital Wallets, Investing Apps, FinTechs, Lenders, Payment Providers, Banks and Credit Unions with technology that works independently from traditional core banking systems, allowing Trice to offer a future-proof modern payments gateway built specifically to support real-time bank payments, with scalable infrastructure, streamlined onboarding, and simplified operations. Companies can deploy solutions and experiences with Trice’s developer-friendly APIs in a matter of weeks, with the flexibility to utilize Trice sponsor banks or seamlessly connect with their own banking partners.Trice’s API-first, real-time payments-as-a-service platform, launched on November 14, 2023, with access to the RTP network from the Clearing House and includes Request for Pay (RfP) functionality. FedNow Service support is expected to launch in the first quarter of 2024. 09/01/2024
