20. Triple Technologies: the banking add-on clearing up transaction data

Founders: Mario Navarro and Ibai Iturricha
Year founded: 2020
Website: jointriple.com

It’s a familiar feeling. One morning, after maybe too many tipples on the town, you open your online banking app and see an unfamiliar transaction for £23.99. Was this an alco-induced slip up? Or has your card been stolen? It could take a number of frantic calls to work out.

Triple Technologies is a new fintech that’s on a mission to put an end to this payment paranoia. It’s a deceptively simple API that banking partners can add to their back-end. But that same simple invention could finally solve spenders’ transaction woes. 

With Triple, customers are no longer shown a list of unrecognisable waffle in their bank statement. They’re given a company’s logo, business name and description, and whether checkout was online or offline, making it easy to identify who authorised the payment.

This isn’t just about curing hangxiety, of course. Having more accurate transaction data would also reduce pressure on customer services by reducing time spent on disputes. In a world where payment fraud rates are on the rise, this would free up time for cases where a fraud has been committed, enabling merchants to more efficiently deal with scams.

Fittingly, Triple’s business case is a triple threat. In light of the Digital Markets, Competition and Consumers Act, which came into force in May, being able to detect expensive subscription ‘traps’ with Triple would indirectly empower customers to block them in advance; in turn, reducing chargebacks for merchants.

It’s such an obvious advantage that it’s hard to believe that Triple is only four years old. But when it comes to data startups, it’s all about accuracy. While rival transaction startups have emerged since 2020, Triple’s 99.9% matching accuracy remains unmatched in the industry. 

In 2024, Triple successfully enriched over $10 billion in transactions for its 30 partner banks and fintechs (up from 20 in 2023) that include Pleo. This comes after it successfully raised £6m in seed funding. One thing that’s not up for dispute? Triple is a top 100 startup for 2025.