Leading Commercial Equipment FinTech Company Crosses $1 BN Milestone of Transactions on its Platform

IRVINE, CALIFORNIA, October 5, 2023 – Trnsact Inc., a software platform in the commercial equipment finance industry, announced that the company has processed over $1 billion transaction requests on its Software-as-a-Service platform.

TRNSACT platform enables thousands of on road and off road Equipment Dealers to digitize their Sales, Finance & Insurance processes. The Platform providers a variety of solutions including online credit applications, automated payment offers, instant lender decisioning, lending-as-a-service, and automated workflows. It connects Dealers with their preferred lenders via secure and digital workflows.

“We have transformed the way financing is done for customers, dealers, lenders, and the entire ecosystem. The continued exponential growth in our business is a testimony of the value we are adding for our customers,” said Trnsact CEO and Co-founder, Beckham Thomas. “We are committed to delivering better solutions and innovative products for industry stakeholders to not just manage credit applications, but also grow their market share with happier vendor partners.”

With the rapid expansion of its customer base and the adoption of its platform by a broad spectrum of vendors nationwide, Trnsact expects to reach the next billion dollar mark in less than half the time by Q2 2024.

About Trnsact: Trnsact is a leading provider of embedded finance and insurance solutions for commercial equipment dealers. The company provides technologies, tools, and

resources to the dealers to enable them to complete their transactions efficiently and securely. Trnsact's embedded finance products and payment solutions address inconsistencies, and a lack of security and transparency for equipment dealers by providing an easy-to-use turnkey solution that delivers more sales, new revenue channels, increased efficiencies, and better customer experience