Transportation Industry Vet Mitch Hixon Joins TriumphPay as Vice President, Business Development

DALLAS, Dec. 17, 2018 /PRNewswire-PRWeb/ -- TriumphPay, a leading provider of carrier and vendor payment solutions, announced today the appointment of Mitch Hixon to the newly created role of Vice President, Business Development.

In this role, Hixon will focus on marketing TriumphPay's financing and vendor payment solutions to the top 100 Brokers and intermediary businesses with significant working capital requirements in their supply chain. The position represents a strategic extension of TriumphPay's traditional focus on freight brokers and carriers to now include shippers seeking working capital improvements and vendor payment efficiencies.

"Mitch is a highly effective leader with deep knowledge of the transportation industry and a proven track record of penetrating new markets and delivering results," said Jordan Graft, executive vice president of TriumphPay. "As TriumphPay continues expanding its reach with industry leading providers, Mitch's network, experience and expertise are a great fit to fuel our growth into that space."

Hixon joins TriumphPay with over 38 years of transportation management and supply chain experience with leading providers, including J.B. Hunt, and Pegasus TransTech (TRANSFLO). He most recently served as executive vice president, membership engagement at BiTA (Blockchain in Transport Alliance).

"I am excited and honored to join TriumphPay," said Hixon. "I've always prided myself in representing some of the finest organizations within our industry, and TriumphPay certainly falls into that category. I look forward to reaching out within my network to introduce our offerings."

Launched in 2017, TriumphPay has paid over 60,000 carriers on behalf of its freight broker and shipper clients. TriumphPay has developed multiple TMS and accounting system integrations including MercuryGate, McLeod, Aljex, AscendTMS, TMW and Great Plains.

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ABOUT TRIUMPHPAY

TriumphPay is a leading provider of carrier and vendor payment solutions to the supply chain industry. Its integrated supply chain finance solution allows brokers and shippers to reduce the amount of capital invested in their QuickPay program. Since its inception, TriumphPay has paid more than 60,000 carriers on behalf of its freight brokers and shippers. TriumphPay simplifies the management of carrier payments for brokers and shippers including managing verification and collection calls from factoring companies.

TriumphPay is a product of Advance Business Capital, an operating subsidiary of TBK Bank, SSB (Member FDIC), which offers invoice factoring and payment processing solutions to transportation and other service industries. TBK Bank, SSB is a subsidiary of Triumph Bancorp, Inc. TBK, a financial holding company with a diversified line of community banking and commercial finance activities.

SOURCE TriumphPay