PayCargo, LLC

Faster Payments. Smarter Logistics.

Coral Gables, United States · Founded 2007 · $290.0M raised

Employees
51–200
Founded
2007
Business Model
B2B
Total Funding
$290.0M
Last Round
$130.0M Series CJun 2022
Rounds
3

About

PayCargo is a comprehensive logistics payments and financial operations platform founded in 2007. The company started with a single goal of keeping freight moving by digitizing manual payment and release steps that slowed shipments across the supply chain. Today, over 150,000 partners use PayCargo to access real-time information, reduce manual work, and move goods with greater speed, visibility, and control. The platform spans ocean, air, intermodal, and rail freight and offers payments, container payment portal management for demurrage and detention, PayCargo Finance for instant vendor payments, AP automation, customer response automation, and document automation. PayCargo processes billions of dollars in transactions annually across more than 200 countries and serves cargo owners, freight forwarders, shipping lines, airlines, terminals, and government agencies.

Summary

PayCargo, LLC is a Fintech company based in Coral Gables, United States, founded in 2007. It has raised $290.0M in total across 3 rounds, most recently a $130.0M Series C round in Jun 2022. Investors include Insight Partners and Blackstone.

Tech & App Stack

5 technologies & apps tracked

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Funding History

Series CSeries CJun 2022
$130.0M

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Investors

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