Cork-based payments company Trustap has raised $5.5 million in funding to help drive product growth as the company expands overseas.
The Cork-headquartered company provides an end-to-end digital transaction platform to give buyers and sellers peace of mind for transactions, both online and face to face. “Our plan is to invest in our go-to-market to ensure we make the most of some of the recent partnerships we have established. We’ll also look at adding further product features to cater for the wide range of use cases we deal with across both C2C and B2B marketplaces.”
“Our view is that within the near-mid term, marketplaces will have to offer trusted payment solutions otherwise they will miss out on new business. Trustap, by providing escrow-like payment options and by lifting the operational burden off the shoulders of marketplaces, offer just that,” said Krzysztof Bialkowski, managing partner of TX Ventures.