Episode Six

The world's local processor -- enterprise card issuing and ledger infrastructure for insurers and financial institutions.

Insurtech Infrastructure Growth Series C+

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Overview

Episode Six is an insurtech infrastructure provider offering card issuing and ledger management solutions for insurers, financial institutions, and enterprise brands. The company serves the insurance sector by enabling instant claims disbursements -- once a claim is approved, funds are immediately loaded onto a virtual or prepaid card for online, in-store, or ATM use -- eliminating paper checks and reducing payment processing costs.

The company's core product, the TRITIUM platform, is a cloud-native, API-first infrastructure layer with 550+ REST APIs and 100+ plug-ins, deployed across 16 AWS cloud regions. It supports prepaid, debit, credit, commercial, installment, and virtual card types alongside a multi-asset ledger with virtual accounts, revolving credit, multi-currency accounts, and digital asset support. Insurance programs can be launched on the platform in as few as 90 days.

Founded in 2015 by John Mitchell, Chermaine Hu, and Futeh Kao -- their sixth payments venture -- Episode Six has raised approximately USD 100M+ across Series B and C rounds from investors including HSBC, Mastercard, Avenir, Anthos Capital, and SBI Investment. The platform serves 70+ enterprise customers with 40 million+ end users across 5 continents and 45+ countries, including top-50 global banks. Insurers using the solution report payment cost reductions of up to 92% on multi-disbursement claims and support call reductions of up to 25%.

Products & Services

TRITIUM Payment Platform

Cloud-native card issuing and ledger infrastructure platform providing the core processing layer for all payment operations. Built on an API-first open architecture, it delivers real-time REST API processing with 550+ APIs and 100+ plug-ins across 16 AWS cloud regions. Includes IONIC and Vertices sub-technologies enabling configurable financial product creation and rapid iteration.

Key Features

Real-time API processing with 550+ REST endpoints
Multi-region deployment across 16 AWS cloud regions
Configurable product creation via IONIC and Vertices modules
Rapid program deployment in as few as 90 days

Target Users: Insurers, banks, fintechs, enterprise brands

Card Issuing

Full-spectrum card program management covering prepaid, debit, credit, commercial, installment, and virtual card types. Supports instant card issuance with real-time activation, programmable merchant controls (MCC management, spend limits), tokenization for Apple Pay and Google Pay via web push-provisioning, and both reloadable and non-reloadable configurations. Bring-your-own-BIN and white-label as-a-service options are available.

Key Features

Instant card issuance and real-time activation
Programmable MCC and spend limit controls
Digital wallet tokenization (Apple Pay, Google Pay)
White-label and bring-your-own-BIN configurations

Target Users: Insurers, banks, fintechs

Ledger Solutions

Multi-asset ledger platform supporting parallel ledger architecture, virtual accounts, revolving credit, installment plans, loans, interest-bearing and term deposits, multi-currency accounts, negative balance accounts, and stablecoin/crypto asset support on a single real-time platform.

Key Features

Parallel ledger architecture for complex financial structures
Multi-currency and multi-asset account support
Digital and stablecoin/crypto asset ledgering
Real-time balance management

Target Users: Banks, fintechs, insurers

Insurance Disbursement Solutions

Dedicated insurance payout infrastructure enabling instant claims payments via prepaid and virtual cards. Supports auto insurance (redeemable at pre-approved garages and rental car vendors), home insurance (immediate prepaid payouts or direct payment for larger sums), health insurance (spending-controlled cards restricted to approved healthcare providers), and travel insurance (instant hotel and emergency fund delivery).

Key Features

Instant claims payout via virtual or prepaid card upon approval
Spending controls restricting card use to approved merchants or provider categories
Payment cost reduction of up to 92% on multi-disbursement claims
Revenue potential of up to USD 250k interchange per 10,000 claims

Target Users: P&C carriers, health insurers, travel insurers, TPAs