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
