PayCargo is a Fintech startup that offers a commercial payments solution for the Ocean, Air, Trucking, and Rail industries. Founded in 2007 and headquartered in the United States, it aims to create efficiencies in the payments process through electronic tools, multiple financing options, dispute resolution, systems integration, email alerting, and report capabilities. The company's financing options provide advanced funding of receivables for Carriers and additional credit terms on payables for Shippers.
With the slogan "The Most Trusted Logistics Payment Platform," PayCargo helps companies in the international supply chain reduce operating costs, grow profits, increase cash flow, and improve overall liquidity. The latest investment in PayCargo was a significant $130.00M Series C investment led by Blackstone Group on 15 June 2022.