Frankfurt, Germany / Mountain View, California – Traxpay, leader in B2B Dynamic Payments, announced today that after analyzing 20,002 deals across a number of sectors and regions, Acquisition International, the Voice of Corporate Finance and Deal Feed International, recognized Traxpay with the prestigious ‘2014 Deal of the Year’ award for its recent series B financing round.
Traxpay, with its B2B Dynamic Payments platform, is transforming financial transactions, a critical component of the single biggest market segment in the world – the $377 trillion* market of B2B commerce. Commercial transactions, as compared to those in the B2C sector, are expensive, complex, and data intensive with up to 30% of all transactions requiring special handling to adapt to changing terms or conditions between trading partners. Traxpay’s patent-pending Dynamic Payments platform uniquely combines secure, flexible, real-time, anytime, anywhere electronic financial transactions with all data related to the transaction, whether structured or unstructured. With unmatched transparency, flexibility, and control, enterprises now have access to powerful new integrated tools, such as supply chain financing, factoring, and dynamic discounting, to enable them to better predict and optimize relationships and transactions with business partners.
Recognizing the enormous impact of Dynamic Payments on the future of global trade and commercial transactions, world leaders in banking, enterprise data, and FinTech linked arms with Traxpay to drive the next big wave of innovation in B2B commerce. The $15 Million Series B financing was led by main incubator, corporate incubator of Commerzbank (XETRA: CBK), and Software AG (XETRA: SOW), with Michael Phillips of Castik Capital Partners and early investors Earlybird Venture Capital also joining the round. In addition, MasterCard (NYSE: MA), whose global network of over 22,000 banks more than 200 countries also joined forces with Traxpay to accelerate its global expansion.
“For a modern B2B supply chain, conducting business successfully in today’s competitive global environment requires managing an increasingly complex set of relationships within the ecosystem.” said John Bruggeman, CEO at Traxpay. “The overwhelming support of our partners and investors underscores the value of the Traxpay solution for the B2B space to enable transparent and flexible transactions that match the dynamic nature of business in the digital age in which we live. Being recognized for our achievements by Acquisition International, a global player in the venture community, is a great honor for us.”
Traxpay, and its industry leading B2B Dynamic Payments platform is capable of executing and settling financial transactions and payments with rich data in real-time, anytime, anywhere, and with complete safety and security. Traxpay customers include B2B commerce network operators, digital marketplaces, and corporations who value the security, speed, flexibility, predictability, and savings the platform, and its many features, provide. Traxpay solutions were built to address the needs of modern B2B commerce and accelerate business across the supply chain. The company is privately held and is headquartered in Frankfurt, Germany with operations in Mountain View, California.
Traxpay Media Contact:
Sandra Iris Eilenstein
ITPR Information-Travels Public Relations
T: +49 (89) 89 86 87 20
* Boston Consulting Group’s report “Global Payments 2013”