Subscribe
|
|
|
|
|
|
|
News

PayCargo startup raises USD 130 mln in latest funding round

Thursday 16 June 2022 14:40 CET | News

PayCargo, a startup that offers a payments and data insights platform for logistics companies, has raised USD 130 million as it expands into new regions across Asia, the Middle East, and LATAM.

The company accessed funds managed by Blackstone Growth, a division of investment firm Blackstone, for the Series C financing. PayCargo was drawn to Blackstone for its investment ties to the logistics and warehousing world, which could help in the company’s expansion.

The decision to accept capital from Blackstone is primarily for strategic purposes as the company expands. The partnership could also help it pursue growth opportunities via mergers and acquisitions.

PayCargo’s software helps companies facilitate and manage payments across ocean, air, rail, and trucking transport modes. PayCargo’s platform allows for real-time customer reporting and invoicing, offers workflow tools for payments and reconciliation, advanced payments, and automated refunds in any currency.



Source: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: funding, investment, payment methods, e-invoicing
Categories: Banking & Fintech
Companies:
Countries: World
This article is part of category

Banking & Fintech

::: more





Industry Events

Free Headlines ::: subscribe now
RSS ::: follow ThePaypers via RSS ::: connect
LinkedIn ::: connect with ThePaypers on LinkedIn ::: connect
Twitter ::: follow ThePaypers on Twitter ::: follow
Facebook ::: like ThePaypers on Facebook ::: like