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Torpago Acquires Wishlife Technologies To Continue Rapid Expansion

PRIVATEMar 17, 2022

Acquiring Company

Torpago

Acquired Company

Wishlife

BurlingameInformation TechnologyFinancial ServicesSoftwareLending And InvestmentsFinanceFintechInformation TechnologySoftware

Description

FinTech spend management platform Torpago announces today the acquisition of Wishlife, a technology company that specializes in innovative and secure video communications and content management software. The acquisition is uniquely structured as an all-stock deal, affirming Wishlife's belief in the mission, vision, and values of Torpago's brand and continued growth for the company. Earlier this year, Torpago announced the closing of a $77 million round - made up of $2M debt equity and $75 million in credit facilities - led by Operate, after over 100% MOM growth through 2021.

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Company Information

Company

Torpago

Location

228 Lorton Ave

Burlingame, California, United States

About

Torpago is a FinTech spend management platform on a mission to disrupt traditional corporate credit cards and modernize spend management for businesses of all sizes. Torpago empowers companies with simple and easy solutions that grant more extensive control and transparency of company spend. Launched in 2020, the Torpago cards and software enable hundreds of businesses to better manage spend.

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Frequently asked

Who acquired Wishlife?

Wishlife was acquired by Torpago, based in Burlingame. The deal was reported on March 17, 2022. Torpago is a FinTech spend management platform on a mission to disrupt traditional corporate credit cards and modernize spend management for businesses of all sizes. Torpago is privately held and operates in Information Technology.

When did Torpago acquire Wishlife?

Torpago's acquisition of Wishlife was reported on March 17, 2022. FinTech spend management platform Torpago announces today the acquisition of Wishlife, a technology company that specializes in innovative and secure video communications and content management software. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Wishlife do?

Wishlife Technologies partners with small firms and Fortune 500 companies, all those who seek to optimize performance and remedy pain points with secure, scalable video communication and advanced content management. It is privately held, operating in Information Technology.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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