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Trnsact

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Lending-as-a-service platform digitizing commercial equipment financing processes.

Overview

Trnsact is a lending-as-a-service platform that aims to digitize the commercial equipment financing process for various stakeholders in the US equipment industry, including customers, dealers, lenders, and manufacturers. The platform offers multiple products, such as digital solutions, finance modules, dealer modules, credit modules, and lender modules, which are intended to improve operational efficiency and the overall customer experience. Trnsact specifically targets construction equipment suppliers, dealerships, and agricultural equipment lenders, addressing challenges like prolonged finance approval times and compliance concerns. The platform features customizable software that can integrate with existing systems and supports online credit applications through text or QR code, with a focus on enhancing the security of customer financial data.

Key facts

Founded
2018

Business model

Contact

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About Trnsact

What does Trnsact do?

Trnsact is a lending-as-a-service platform that aims to digitize the commercial equipment financing process for various stakeholders in the US equipment industry, including customers, dealers, lenders, and manufacturers.

Where is Trnsact headquartered?

Trnsact is headquartered in Irvine, United States.

When was Trnsact founded?

Trnsact was founded in 2018.

Which sector is Trnsact in?

Trnsact operates in Digital Lending, part of Financial Technology.

Who are Trnsact's competitors?

Companies similar to Trnsact include Nectarine Credit, Arthmate, and iLoan.