Trice provides a real-time payments platform that enables instant account-to-account transfers through its APIs and RTP gateway, facilitating seamless integration for businesses. This technology addresses the need for immediate fund availability in various sectors, including lending, insurance claims, and gig economy payouts, enhancing customer experience and operational efficiency.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses face delays and inefficiencies with traditional payment methods like ACH, leading to slower transaction times and increased operational costs. These delays can negatively impact customer experience, especially in sectors requiring immediate fund availability. Existing payment systems often lack the real-time capabilities needed for modern, fast-paced transactions.
Solution
Trice offers a real-time payments platform that facilitates instant account-to-account (A2A) transfers through its APIs and RTP gateway. This solution enables businesses to seamlessly integrate real-time payment capabilities into their existing systems, providing immediate fund availability and improving customer experience. By leveraging the RTP network and FedNow, Trice eliminates delays associated with traditional payment methods, reducing exception handling and enhancing operational efficiency. The platform supports various use cases, including instant funding for neo-banks, digital wallets, investment platforms, and gaming wallets, as well as real-time payouts for remitters and payment service providers.
Target Audience
Trice primarily targets businesses across various sectors, including neo-banks, digital wallets, investment platforms, gaming companies, remitters, payment service providers, and banks/credit unions, seeking to implement real-time payment solutions.
Features
- Real-time Payments API for instant funding solutions, easily integrated with a few lines of code
- RTP Payments Gateway built specifically to support RTP with scalable infrastructure and streamlined onboarding
- Integrated Ledger for seamless integration with financial systems, enabling automatic ledger updates and real-time transaction status
- Immediate Good Funds to eliminate insufficient funds (ACH R1s) and unauthorized debits (ACH R5s)
- Support for various A2A payment use cases, including neo-banks, digital wallets, investing, remitters, BaaS/SaaS, gaming, payment service providers, and banks & credit unions
- Scalable infrastructure designed for high-volume, real-time transactions
- Simplified operations with streamlined onboarding and comprehensive reporting