The round was co-led by Priority Tech Ventures, a division of Priority Technology Holdings, Inc., and EJF Ventures, with participation from BankTech Ventures and other existing investors.

Torpago equips banks and credit unions with white-labeled business credit cards, expense management software, and end-to-end program management. Built on a modern technology stack featuring web and mobile apps, native APIs and microservices, Torpago's platform facilitates the seamless adoption and deployment of market-leading business credit card and expense management products.