PayCargo
Latest round
- Series B
Last raised
- Jun 2021
Total raised
- $160M
Investors
- 1
About PayCargo
Founded in 2007 in Coral Gables, US by Juan Dieppa and Sergio Lemme, PayCargo, LLC specializes in providing a payment platform for the freight shipping industry.PayCargo offers a comprehensive online payment platform designed to facilitate faster cargo movement and optimize payment processes within the freight shipping industry. The company's core service enables businesses to make instant payments to over 5,000 logistics vendors, including major ocean carriers and terminals globally. This platform streamlines Accounts Payable workflows by utilizing Artificial Intelligence and allows users to pay invoices with various options, including credit cards and flexible payment terms up to 45 days. PayCargo's vendor network spans key international markets, enabling same or next-day cargo releases, significantly reducing the traditional wait time for freight payments.PayCargo generates revenue through transaction fees associated with its payment platform, facilitating B2B transactions between shippers and logistics vendors. The platform allows clients to make payments without the need for traditional banking resources, thereby reducing the complexities and costs associated with check processing and cash handling. Clients typically utilize the service on a fee-per-transaction basis, which can vary depending on the specific services rendered. Additionally, PayCargo partners with logistics vendors and offers subscription-based services that enhance payment visibility and management for their partners. PayCargo is also looking to expand into new geographic regions, targeting markets in Europe and Asia by 2025 to enhance their global presence and service offerings.
Who invested in PayCargo
1 investor across 2 rounds
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Questions about PayCargo
Who invested in PayCargo?
PayCargo has 1 investor on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has PayCargo raised?
PayCargo has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did PayCargo last raise money?
PayCargo's most recent round on record is a Series B, in Jun 2021.
What does PayCargo do?
Founded in 2007 in Coral Gables, US by Juan Dieppa and Sergio Lemme, PayCargo, LLC specializes in providing a payment platform for the freight shipping industry.
Where is PayCargo headquartered?
PayCargo is headquartered in Coral Gables, US.
Which VCs invest in companies like PayCargo?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at PayCargo's stage. Their profiles are linked below.
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