Startups
PayCargo is a commercial payments solution for the Ocean, Air, Trucking and Rail industries. PayCargo offers electronic tools that create significant efficiencies by automating the payments process with multiple financing options, dispute resolution, systems integration, email alerting, and report capabilities. PayCargo’s financing options allow Carriers to enjoy advanced funding of Receivables and Shippers to qualify for additional credit terms on their Payables.
PayCargo helps companies in the international supply chain reduce operating costs, grow profits, dramatically increase cash flow, and improve overall liquidity.
PayCargo helps companies in the international supply chain reduce operating costs, grow profits, dramatically increase cash flow, and improve overall liquidity.
Overview
Location
United States, Florida
Employees
51-200
Phone
+1 888-250-7778
Total raised
$290M
Founded date
2007
Investors 1
| Date | Name | Website |
| Sign up to see | Sign up to see | Sign up to see |
Funding Rounds 3
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| Jun 17, 2021 | Series B round | $125M | |
| Sep 29, 2020 | Funding round | $35M |
Mentions in press and media 16
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Jun 15, 2022 | PayCargo Raises $130M in Series C Funding | PayCargo, a Coral Gables, Fla.-based logistics payments and data infrastructure platform, raised a new investment of up to $130M from funds managed by Blackstone Growth (BXG). BXG’s investment will support the company’s continued expansion ... |
| Jun 15, 2022 | PayCargo, a fintech for the freight industry, raises $130M | Shipping and cargo services is one of the more fragmented and analogue verticals in the world of industry, with hundreds of thousands of businesses involved in myriad aspects of a process that is fundamentally physical (not digital) by its ... |
| Apr 13, 2022 | Despite supply chain woes, PayCargo has been doubling its business yearly, aggressively hiring | Facebook Tweet Pin LinkedIn Email It’s a remarkable feat for a company to double business year after year, and Coral Gables-based fintech PayCargo is doing just that. PayCargo lets customers pay electronically for freight services such as t... |
| Jun 21, 2021 | The Station: Waymo nabs more capital, Cruise taps a $5B credit line and hints about Argo’s future | The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the wa... |
| Jun 17, 2021 | PayCargo lands $125m in Series B investment from Insight Partners | US freight payment platform PayCargo has announced an investment of $125 million from Insight Partners, part of its Series B round. The company has raised $160 million in total PayCargo, which provides a platform for moving money and remitt... |
| Jun 15, 2021 | 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. Led by Eduardo Del Rieg... |
| Jun 15, 2021 | Coral Gables-based fintech PayCargo raises $125M Series B from Insight Partners | Facebook Tweet Pin LinkedIn Email Freight payment platform PayCargo said today it has raised a $125 million Series B investment from global venture capital and private equity firm Insight Partners. The announcement by the Coral Gables-based... |
| Jun 15, 2021 | PayCargo Secures USD125 Million Series B Investment By Global Private Equity Firm Insight Partners | |
| Oct 15, 2020 | Behind the Investment: PayCargo – How the Logistics Payments Platform is Creating a More Streamlined Supply Chain | Insight has a long history investing in supply chain software leaders, most notably as majority-investors in E2Open. Therefore, there is an institutional excitement for companies that effectively bring parts of the notoriously analog supply... |
Show more
Reviews 0
FAQ about PayCargo
When was PayCargo founded?
PayCargo was founded in 2007.
How much funding has PayCargo raised?
PayCargo has raised $290M in total across 3 funding rounds.
What funding rounds has PayCargo raised?
Parsers VC lists 3 funding rounds of PayCargo, among them a Series B round of $125M on Jun 17, 2021 and a funding round of $35M on Sep 29, 2020.
What has the press written about PayCargo?
Parsers VC has collected 16 articles mentioning PayCargo, among them “PayCargo Raises $130M in Series C Funding” (Jun 15, 2022) and “PayCargo, a fintech for the freight industry, raises $130M” (Jun 15, 2022).
Is PayCargo still active?
Yes, PayCargo is active; its latest activity on Parsers VC dates from Jun 15, 2022.