AppBrilliance, an Austin, TX-based provider of a platform for real-time account-to-account (A2A) payment acceptance, received a strategic investment from Trust Ventures, the corporate venture capital arm of Truist Financial (NYSE: TFC).
The amount of the deal was not disclosed.
The company intends to use the funds to further develop its IP portfolio and expand its resources to support rapid growth and interest from financial institutions and other strategic partners looking to incorporate real-time payments (RTP) into their Pay-by-Bank offerings.
Led by CEO C. Eric Smith, AppBrilliance provides an account-to-account (A2A) payments platform for digital transactions. Backed by technology covered by multiple issued US Patents MoneyAPI enables integration of real-time payment (RTP) systems and open banking protocols, allowing card-free transactions. Built directly for banks and FinTech partners offering Pay-By-Bank solutions, the Money API provides consumer-permissioned account control to execute requests for payment that are secure and immune to insufficient funds.
FinSEMs
20/11/2023