Digital Funds Platform Transcard Broadcasts UK Entity

Transcard, a U.S.-based digital funds platform, introduced on Friday the launch of its enterprise entity within the UK. Based in 2012, Transcard describes itself as a SaaS funds disbursement and administration platform that takes regulatory, time and price burdens off payers whereas offering payees safe, self-service choices for receiving their cash.

“Designed with each the institutional buyer and the top cost recipient in thoughts, Transcard’s proprietary platform significantly simplifies the distribution of cash by providing such options as configurable workflows, streamlined processes for the payer and sturdy choices for the payee. Transcard shoppers can quickly deploy full-featured, personalized cost merchandise with little up-front funding by means of its subscription-based mannequin.”

In line with Transcard, the UK entity will function underneath Transcard Restricted. The corporate is planning to increase into different geographic areas sooner or later as effectively.

“Companies, banks, and Fintechs within the UK can now simply entry Transcard’s suite of cloud-based options for seamlessly making and receiving any sort of cost.”

The UK entity might be led by Charles Hardaker, who beforehand held positions within the funding banking division at Citi and Developed a number of merchandise with Citi Ventures.