TriumphPay announced today the addition of Apex Capital, a top-rated freight factoring provider offering fast, reliable payment solutions for carriers to the TriumphPay Network. By joining the TriumphPay Network, Apex Capital is reducing friction often associated with collecting payments from brokers and shippers.
Adding Apex Capital to the TriumphPay Network represents another significant milestone for the ongoing growth and expansion of the network.
“We are thrilled to welcome Apex Capital to our network,” said Aaron P. Graft, vice chairman and chief executive officer of Triumph Financial. “As we continue to build the density of our network, adding new factors is critical to achieving our long-term goals. Creating density is the foundation for delivering even greater efficiency and value to our customers. With each new participant, we’re enhancing the ecosystem and network effect, making it more beneficial for all participants.”
TriumphPay provides innovative payment processing solutions tailored for the transportation industry. These solutions empower freight factors to achieve heightened operational efficiency, improved financial transparency, and enhanced fraud mitigation.
For more information, visit www.apexcapitalcorp.com and www.triumphpay.com.
About TriumphPay
TriumphPay is the premier network for freight brokers, factors, shippers and carriers in the North American trucking industry, offering a structured, secure data exchange. The TriumphPay Network and integrated technology solutions remove friction and reduce fraud in the presentment, audit and payment of approximately $51.3 billion in unique brokered freight transactions. TriumphPay is a division of TBK Bank, SSB, Member FDIC, and a member of the Triumph Financial, Inc. (Nasdaq: TFIN) portfolio of brands. For more information, visit us at www.triumphpay.com.
