FTRANS Overview
FTRANS Corp., based in Atlanta, GA is the inventor of Trade Credit Express. In cooperation with financial institutions, FTRANS provides businesses with a new B2B payment system which provides B2B sellers with all of the benefits of accepting a bank credit card for payment while still providing their B2B buyers with free and flexible credit terms. In addition, B2B sellers reduce their risk,...More»
FTRANS Corp., based in Atlanta, GA is the inventor of Trade Credit Express. In cooperation with financial institutions, FTRANS provides businesses with a new B2B payment system which provides B2B sellers with all of the benefits of accepting a bank credit card for payment while still providing their B2B buyers with free and flexible credit terms. In addition, B2B sellers reduce their risk, minimize cost, and free their time as FTRANS conducts the tasks involved with customer credit administration. As a result, businesses can focus their resources on more important items such as customers and growth. For banks, this payment system provides them with a safe business lending platform allowing them to increase lending, deposits, and fees with existing and new customers.
The mission of FTRANS is to move seller-funded trade credit to financial institutions – just as bank credit cards moved consumer credit to financial institutions.«Less
Key People
Board of Directors
Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 05/2008 | Series B | 7.5M | Unknown |
Products
| Name: | FTRANS Commercial Lending Platform |
| Product URL: | http://www.ftrans.net/ftrans/Solutions/FinancialInstitutions/CommercialLendingPlatform/tabid/145/Default.aspx |
| Description: | The FTRANS Commercial Lending Platform offers a wide range of financial institutions a safer way to conduct business and commercial lending. The platform enhances credit protection, enables real time monitoring and visibility into customer collateral and funds, and facilitates the receipt of customer financial information and calculates daily borrowing base certificates. In addition, the platform facilitates customer acquisition and retention as well as growth in fee income and deposits. The FTRANS Commercial Lending Platform is a web-based, Software-as-a-Service (SaaS), model requiring no software installation at financial institutions, enables their clients to securely submit financial statements online, and provides fee income and deposit opportunities. |
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11/14/2008 11:53AM by lmueller
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