US financial services platform Torpago experiences significant growth and makes two key appointments to strengthen core capabilities and address market changes.
Facts
- Torpago, a San Francisco-based financial services platform, is undergoing a period of significant growth.
- The company has appointed James Yacobucci as Head of Bank Partnerships and Noah Martin as Head of Capital Markets.
- These appointments are in response to changes in the market and user needs, aiming to strengthen Torpago’s core capabilities for partners and users.
- Noah Martin will focus on diversifying risk-adjusted liquidity and optimizing the cost of capital for the company’s capital planning.
- James Yacobucci will lead pipeline generation, commercialization, and implementation for Torpago’s Powered By solution, a white-label credit card and expense management offering for financial institutions.
- Yacobucci joins from Marqeta, a card issuer processor and program manager, with prior experience at Resolve and JP Morgan Chase.
- Torpago’s ambition is to fill the gap in corporate spend management solutions and enhance its market position.
- Brent Jackson, Founder and CEO of Torpago, highlights that these appointments will better prepare the team for future opportunities and platform developments.
- Torpago’s modular architecture is a differentiator that enables partnerships with banks across the asset spectrum, as stated by James Yacobucci.
