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
- The company is an independent freight payments network with over 67,000 active users remitting and receiving payments on the platform
- Its cloud-based payments network enables payers to pay air and ocean carriers, maritime ports, ground handlers, freight forwarders, and customs brokers, amongst others
- The platform integrates with over 20 TMS, ERP, and Terminal Operating Systems across all transport modes: Ocean, Air, Rail, and Trucking
