Torpago joined the Unicorn Club on October 28, 2021, after raising a $2.46 M Seed funding round led by Operate, valuing the company at $1 B. Headquartered in San Francisco, California, United States, Torpago offers a software‑based platform for corporate cards and spend‑management solutions, including virtual corporate cards, employee expense controls, tracking, and reimbursements. The company has raised a total of $20.8 M to date and employs 11‑50 people (as of July 16, 2025).
Keep reading to learn how Torpago is redefining spend‑management infrastructure by offering modern banking partners tools for corporate card programmes and expense automation.
What Is Torpago and What Does It Do?
Founded in 2019, Torpago offers banks and enterprises a software platform to issue branded virtual and physical corporate cards, enforce spending controls, track employee expenses, and manage reimbursements, all via mobile apps for Android and iOS.
Its solution emphasises the automation of expense workflows, real-time visibility for managers, card-program compliance, and integration with accounting systems.
How Much Funding Has Torpago Raised?
- Seed
- Amount Raised: $2.46 M
- Date: October 28, 2021
- Lead Investor: Operate
- Valuation: $1 B
- Purpose: Develop platform infrastructure, launch initial product, and grow early customer base.
- Series B
- Amount Raised: $4 M
- Date: June 30, 2025
- Lead Investor: Priority Tech Ventures and EJF Ventures
- Valuation: $1.6 B (as of April 12, 2024)
- Purpose: Expand product offering, scale operations, and deepen bank‑partnership ecosystem.
- Total Earlier Rounds
- Cumulative Funding: ~$14.34 M
- Key Investors: Kortschak Investments, Clear Haven Capital Management
- Purpose: Early growth, product development and market entry.
Total Funding Raised: ~$20.8 M
Latest Funding Date: June 30, 2025
Latest Valuation: ~$1.6 B
Employee Count: 11‑50 (as of July 16, 2025)
Key Investors
- Operate
- Details: Venture firm specialising in early‑stage fintech investments.
- Focus Areas: Fintech infrastructure, payments and banking innovation.
- Kortschak Investments
- Details: Private investment firm backing growth‑stage technology companies.
- Focus Areas: SaaS platforms, B2B software and fintech.
- Clear Haven Capital Management
- Details: Investment management firm with an interest in fintech and payments innovation.
- Focus Areas: Payment systems, expense automation, and enterprise finance technology.
Where Is Torpago’s Headquarters?
Torpago is headquartered in San Francisco, California, United States, where it develops its corporate card and spend management infrastructure, and partners with banks to deliver white-label fintech solutions.
What’s Next for Torpago?
Torpago plans to scale its bank-partner ecosystem further, enhance its platform’s AI-driven spend analytics and compliance workflows, and expand the issuance of corporate cards with real-time controls. The company aims to enable banks with modern card‑programme infrastructure and shift corporate spend‑management into the next generation.
Get Investor & Funding Insights with TexAu
TexAu provides verified investor and funding data for companies like Torpago. Explore insights on fintech infrastructure, banking card platforms, and spend‑management technologies.
Sign up for Free on TexAu to access real‑time investor and funding intelligence.
