- Headquarters
- Coral Gables, Florida
- Employees
- 51–200
- Founded
- 2007
- Business Model
- B2B
- Website
- web.paycargo.com
- 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
Jun 2022
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Investors
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