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HomeBankingPayCargo: Lands $125m in Series B investment from Insight Partners

PayCargo: Lands $125m in Series B investment from Insight Partners

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PayCargo: Lands $125m in Series B investment from Insight Partners

  • PayCargo has announced an investment of $125 million from Insight Partners, part of its Series B round
  • Provides a platform for moving money and remittance information between vendors and purchasers
  • It says its cloud-based payments network enables users to pay air and ocean carriers, maritime ports, ground handlers
  • This latest injection of funds comes just nine months after Insight Partners invested $35 million
  • The firm will use its investment for tech updates, development, and enterprise-grade security to support its “hyper growth”.
  • This next round of investment will ensure continue to grow and expand into new markets with a focus on security and data protection

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