Transacxion has raised $8 million in funding. They facilitate the financing of B2B trade transactions between companies both American and foreign with their system that collects, validates, and distributes information among banks, insurance companies, and sellers. Basically, the average consumer will never hear of Transacxion, but it plays a vital role behind the scenes.
Transacxion’s CEO, Michel Fontaine is a past shark attack participant of the The Ritz Group. The Ritz Group plays matchmaker between the people with the ideas and the people with the $$$ to turn those ideas into businesses.
Check out their shark attack pitch:
Well, that’s our two cents. Congrats to Transacxion! Go forth and validate transactions!