Torpago confirms two new senior hires following “significant growth”
US financial services and spend management platform Torpago rides period of “significant growth” with two new appointments.
Torpago appoints two new senior hires
The San Francisco-based company, which offers business credit cards and other corporate expenses solutions, is responding to “changes in the market” and “the needs of our users” by appointing James Yacobucci to head of bank partnerships and Noah Martin to head of capital markets.
The company anticipated that the newly-created senior positions will allow it to “branch out and strengthen its core capabilities for partners and users”.
In this, it has been confirmed that Martin will steer the company’s capital planning with the goal of diversifying risk adjusted liquidity and optimal cost of capital.
Yacobucci is set to lead pipeline generation, commercialisation and implementation for the company’s Powered By solution, which offers a white label credit card and expense management for financial institutions and was launched in May.
The move is in-step with the company’s growing market position and its ambition to “fill the gap” in corporate spend management solutions.
“The introduction of our new head of bank partnerships and head of capital markets will continue this work and better prepare our team for future opportunities and platform developments,” comments Brent Jackson, founder and CEO of Torpago.
Yacobucci joins from card issuer processor and programme manager Marqeta, with previous stints at Resolve and JP Morgan Chase.
“Our architecture enables banks to implement a cloud-native, event-driven payments platform while minimising disruption to pieces of the bank’s current business best kept unchanged,” Yacobucci says. “Torpago’s modularity is a differentiator we expect will enable us to partner with banks across the asset spectrum.”
