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Transworld Systems

tsico.com

Founded Year

1970

Stage

Private Equity | Alive

Total Raised

$114.2M

Last Raised

$114.2M | 5 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+50 points in the past 30 days

About Transworld Systems

Transworld Systems provides accounts receivable management, debt collections, and loan servicing solutions. The company's global operations are powered by its proprietary data analytics and best-in-class compliance management system.

Headquarters Location

PO Box 15630

Wilmington, Delaware, 19850,

United States

877-865-7686

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ESPs containing Transworld Systems

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EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Payments Tech

Accounts receivable (AR) automation software companies automate the entire AR process, from credit collections management to AR analytics, with the aim of reducing repetitive and time-consuming tasks. Other AR automation solutions provide customizable approval processes for all AR transactions, invoice matching, automated processing of claims, and collection strategies.

Transworld Systems named as Outperformer among 11 other companies, including HighRadius, DadeSystems, and M1xchange.

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Research containing Transworld Systems

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CB Insights Intelligence Analysts have mentioned Transworld Systems in 1 CB Insights research brief, most recently on Sep 20, 2022.

Expert Collections containing Transworld Systems

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Transworld Systems is included in 2 Expert Collections, including Digital Lending.

D

Digital Lending

1,801 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

F

Fintech

7,746 items

US-based companies

Latest Transworld Systems News

15:55 EDT Transworld Systems Inc. Names Joel Petersen as President

Aug 31, 2022

News provided by Share this article Share this article LAKE FOREST, Ill., Aug. 31, 2022 /PRNewswire/ -- Transworld Systems Inc. (TSI), the largest U.S. technology-enabled provider of accounts receivable management (ARM) solutions, announced today the appointment of Joel Petersen as President. In his new role, Joel will assume responsibility for the Customer Experience / Business Process Outsourcing (CX / BPO) business unit in addition to retaining his current responsibilities as the Chief Revenue Officer of TSI. During his seven-year tenure at TSI, Mr. Petersen previously served as General Manager of UAS, TSI's loan servicing business, where he oversaw the development and implementation of the UAS Connect digital servicing platform. "Joel's contributions and leadership have driven TSI's growth, business strategy and technology investments. On behalf of the entire TSI team, I congratulate him on his well-deserved promotion to President," said Joseph Laughlin, Chief Executive Officer of TSI. "I'm honored and excited by this opportunity to continue to grow with TSI," said Mr. Petersen. "I'm looking forward to continuing to work alongside the talented team of professionals at TSI as we serve the needs of our customers, while finding new ways to drive the company's growth." About Transworld Systems Inc. TSI is the largest technology-enabled provider of Accounts Receivable Management (ARM) solutions in the United States. The Company's solutions include debt collections, customer relationship management and business process outsourcing. TSI also owns UAS, a technology-enabled primary loan servicer for student loans. TSI differentiates itself with its collection analytics, digital collections technology, global scale, and an industry-leading compliance management system. Its clients include Fortune 100 corporations, financial institutions, hospitals, government agencies, property management companies, and small and medium-sized businesses. To learn more, please visit tsico.com . Media Contact:

Transworld Systems Frequently Asked Questions (FAQ)

  • When was Transworld Systems founded?

    Transworld Systems was founded in 1970.

  • Where is Transworld Systems's headquarters?

    Transworld Systems's headquarters is located at PO Box 15630, Wilmington.

  • What is Transworld Systems's latest funding round?

    Transworld Systems's latest funding round is Private Equity.

  • How much did Transworld Systems raise?

    Transworld Systems raised a total of $114.2M.

  • Who are the investors of Transworld Systems?

    Investors of Transworld Systems include Clearlake Capital Group and Platinum Equity.

  • Who are Transworld Systems's competitors?

    Competitors of Transworld Systems include Apruve, M1xchange, Peakflo, Tesorio, DadeSystems and 14 more.

Compare Transworld Systems to Competitors

E
Enhanced Recovery Company

Enhanced Recovery Company (ERC) is a rapidly-growing provider of Accounts Receivable Management and debt collection services to a broad range of customers primarily in the financial services, retail, telecommunications and media industries. With three call centers, the Company operates an extremely diversified business model by servicing the entire spectrum of the accounts receivable life cycle, ranging from pre-charge off to extremely aged accounts for 40+ customers.

M1xchange Logo
M1xchange

M1xchange is a holder of the TReDS (Trade Receivables Discounting System) licenses issued by the Reserve Bank of India. The technology platform acts as an exchange to facilitate the financing of trade receivables of micro, small and medium enterprises from corporate buyers through factoring or invoice discounting by external financiers. It focuses on ensuring seamless liquidity flow between all stakeholders, providing bill discounting, and more. It was founded in 2002 and is based in Gurgaon, India.

P
Professional

Professional specializes in accounts receivable management services offering two dedicated service lines: Professional Credit collections, and Ensource, scalable revenue cycle solutions.

CollBox Logo
CollBox

CollBox is focused on the accounts receivable process. The CollBox platform automates the collection process by connecting to existing cloud accounting software, identifying delinquent accounts, and instantly pairing that debt with collection agencies.

F
Factcil

Factcil provides liquidity to users by purchasing their collection accounts and anticipates the payment of accounts receivable or collection accounts quickly.

HighRadius Logo
HighRadius

HighRadius is a fintech enterprise SaaS platform that automates accounts receivable and treasury processes with AI-based autonomous systems powered by the Rivana AI Engine and Freeda Digital Assistant. HighRadius Integrated Receivables platform reduces cycle times in order-to-cash process through automation of receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions, and collections. HighRadius Treasury Management helps teams achieve touchless cash management, accurate forecasting, and seamless bank reconciliation.

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