The average fleet manager’s wallet is a thicket of fuel cards, maintenance invoices, and cross-border payment fees. Torque Technologies Inc, founded in 2025, is betting that stack is ready for a branded, open-loop upgrade. The Maryland-based startup is building a B2B platform for mobility and supply chain enterprises to launch their own card programs, from physical to virtual, with built-in Buy Now, Pay Later financing for fleet customers [F6S].
It is a fintech play aimed directly at the operational ledger of trucking, delivery, and logistics companies. The founders, Paul Mudahar and Gurvir Singh, are repeat operators from the logistics fintech Bobtail, giving them a relevant, if quiet, pedigree in the space [F6S]. Their early backing comes from the Maryland Momentum Fund, a state-affiliated venture vehicle, though the size of the seed round remains undisclosed [F6S].
The Fleet-First Wedge
Torque’s proposition is not a consumer credit card. It is a white-label payment infrastructure layer for businesses that manage large, distributed vehicle fleets. The core product allows a logistics company to issue its own branded payment cards to drivers or regional managers. These cards would be accepted anywhere major card networks are, but the spending controls, data, and financing terms are managed through Torque’s platform.
The strategic wedge is the embedded BNPL offering. For a fleet operator facing a large, unexpected repair bill or a bulk fuel purchase, the platform could offer structured payment terms. This turns a capital expenditure headache into a managed operational cost, a value proposition that resonates in the thin-margin world of freight and supply chain.
A Stealthy Start with Proven Founders
The company’s public footprint is exceptionally light. There are no named customers, no press coverage, and no open job postings, suggesting a pre-revenue, heads-down build phase [F6S]. This stealth posture is common for early-stage fintechs navigating complex partnerships with card networks and financial institutions.
The founder background is the most tangible asset on the balance sheet. Both Mudahar and Singh previously founded Bobtail, a fintech focused on the logistics industry. While details on Bobtail’s scale or exit are not public, the experience provides domain credibility. They have navigated the specific pain points of trucking companies before.
| Founder | Role | Background |
|---|---|---|
| Paul Mudahar | Founder | Engineer, previously founded logistics fintech Bobtail [F6S]. |
| Gurvir Singh | Product & Operations | Previously founded Bobtail [F6S]. |
The Execution Hurdles
Building a card-issuing platform is a regulated, partner-intensive endeavor. Torque must secure banking-as-a-service partnerships, navigate network rules, and build robust compliance systems before the first card is swiped. The BNPL component adds another layer of underwriting and credit risk management.
- Market timing. The bet assumes fleet operators, often slow to adopt new financial tech, are ready to move beyond legacy fuel card programs and manual AP processes. Convincing them requires clear ROI on data consolidation and financing flexibility.
- Capital intensity. Card programs require capital to fund receivables and credit lines. An undisclosed seed round from a regional fund may need to be followed by significant venture debt or a larger equity round to fuel the balance sheet.
- Competitive landscape. While no direct competitors are named in sources, the space is adjacent to established commercial card issuers, fleet management software giants, and a wave of B2B spend management platforms. Torque’s differentiation rests on deep, vertical-specific workflows.
The company’s answer to these hurdles likely lies in its founders’ prior pattern recognition from Bobtail and a focused, iterative approach with early design partners. The Maryland Momentum Fund backing provides a local anchor, but the next financial milestone will be telling. Can a regional seed position a company to secure the banking partnerships and war chest needed for a national fleet payment play?
For now, Torque is a bet on two founders applying their logistics fintech playbook to a massive, fragmented market. The question for 2025 is which fleet operator will be first to put its brand on the card.
Sources
- [F6S] Torque Technologies Inc company profile | https://www.f6s.com/company/torque-technologies-inc