Transcard, a U.S.-based digital payments platform, announced on Friday the launch of its business entity in the UK. Founded in 2012, Transcard describes itself as a SaaS funds disbursement and management platform that takes regulatory, time and cost burdens off payers while providing payees secure, self-service options for receiving their money.
“Designed with both the institutional customer and the end payment recipient in mind, Transcard’s proprietary platform greatly simplifies the distribution of money by offering such features as configurable workflows, streamlined processes for the payer and robust options for the payee. Transcard clients can rapidly deploy full-featured, customized payment products with little up-front investment through its subscription-based model.”
According to Transcard, the UK entity will operate under Transcard Limited. The company is planning to expand into other geographic regions in the future as well.
“Businesses, banks, and Fintechs in the UK can now easily access Transcard’s suite of cloud-based solutions for seamlessly making and receiving any type of payment.”
The UK entity will be led by Charles Hardaker, who previously held positions in the investment banking division at Citi and Developed multiple products with Citi Ventures.