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HomeFinTechPayCargo: Raises USD125M In Series B Funding

PayCargo: Raises USD125M In Series B Funding

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PayCargo Raises USD125M In Series B Funding

  • PayCargo, a Coral Gables, Fla.-based freight payment platform, raised USD125m in Series B funding
  • Insight Partners made the investment
  • The company intends to use the funds to expand in Europe and other geographies
  • The company is an independent freight payments network with over 67,000 active users remitting and receiving payments on the platform
  • Its cloud-based payments network enables payers to pay air and ocean carriers, maritime ports, ground handlers, freight forwarders, and customs brokers, amongst others
  • The platform integrates with over 20 TMS, ERP, and Terminal Operating Systems across all transport modes: Ocean, Air, Rail, and Trucking

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