Trustap, the secure payment gateway for marketplace transactions, has successfully secured $5.5 million in Series A funding, bringing its total capital raised to over $9 million. This investment round was led by TX Ventures, with participation from SeedX, Partners Resolute, Aperture, and existing shareholders MiddleGame Ventures, ACT VC, Atlantic Bridge, and FurthrVC, as reported by Tech.eu.

Trustap's innovative platform acts as the merchant of record, managing payments, logistics, and customer support for marketplaces. This approach significantly enhances margins and revenues for platforms, while its escrow-style payment system fosters trust between buyers and sellers across various categories—from electronics and tickets to vehicles and luxury goods.

CEO Conor Lyden highlighted:
"We plan to invest in our GTM to maximize recent partnerships and enhance product features across C2C and B2B marketplaces."

Krzysztof Bialkowski of TX Ventures emphasized:
"Marketplaces must provide trusted payment solutions to capture new business. Trustap's scalable product simplifies operations and enhances trust globally."

With partnerships spanning 27 countries and recent expansions into Central and Eastern Europe, Trustap remains committed to strengthening its market presence and expanding service offerings.