About PayCargo
PayCargo is a company based in Coral Gables (United States) founded in 2005 by Juan Carlos Dieppa.. PayCargo has raised $290 million across 3 funding rounds from investors including Blackstone and Insight Partners. PayCargo offers products and services including PayCargo Quick Pay, Invoice AI, Payer Account, PayCargo Finance, and Vendor Account. PayCargo operates in a competitive market with competitors including Loop, LC LITE, BunkerEx, JITpay ™ and Morpheus Network, among others.
- Headquarter Coral Gables, United States
- Founders Juan Carlos Dieppa
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name Paycargo Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$290 M (USD)
in 3 rounds
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Latest Funding Round
$130 M (USD), Series C
Jun 15, 2022
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Investors
Blackstone
& 1 more
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Employee Count
Employee Count
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Products & Services of PayCargo
PayCargo offers a comprehensive portfolio of products and services, including PayCargo Quick Pay, Invoice AI, Payer Account, PayCargo Finance, and Vendor Account. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables instant credit card payments for invoices without an account
Streamlines accounts payable workflows using artificial intelligence
Allows payments to over 5,000 vendors for same-day cargo release
Provides credit up to $5 million with flexible payment terms
Centralizes customer payments at no cost for vendors
Offers on-the-go access to PayCargo accounts and payments
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Funding Insights of PayCargo
PayCargo has successfully raised a total of $290M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $130 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $130.0M
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First Round
First Round
(29 Sep 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series C - PayCargo | Valuation |
investors |
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| Jun, 2021 | Amount | Series B - PayCargo | Valuation | Insight Partners |
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| Sep, 2020 | Amount | Series A - PayCargo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PayCargo
PayCargo has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Blackstone and Insight Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PayCargo
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PayCargo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paycargo Comparisons
Competitors of PayCargo
PayCargo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Loop, LC LITE, BunkerEx, JITpay ™ and Morpheus Network, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Loop is focused on transportation cost management and supply chain intelligence.
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| domain | founded_year | HQ Location |
Supply chain solution and service provider
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| domain | founded_year | HQ Location |
Online brokerage platform for ship bunkering services is operated.
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| domain | founded_year | HQ Location |
Provider of billing, accounting, receivables management and factoring automation solutions for logistics
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| domain | founded_year | HQ Location |
Provider of blockchain and web-enabled automated global supply chain management platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Paycargo
Frequently Asked Questions about PayCargo
When was PayCargo founded?
PayCargo was founded in 2005 and raised its 1st funding round 15 years after it was founded.
Where is PayCargo located?
PayCargo is headquartered in Coral Gables, United States. It is registered at Coral Gables, Florida, United States.
Who is the current CEO of PayCargo?
Eduardo Del Riego is the current CEO of PayCargo.
Is PayCargo a funded company?
PayCargo is a funded company, having raised a total of $290M across 3 funding rounds to date. The company's 1st funding round was a Series A of $35M, raised on Sep 29, 2020.
What does PayCargo do?
PayCargo was founded in 2005 in Coral Gables, United States, and operates in the logistics finance sector. Cargo payment solutions are offered, including expedited release, supply chain and shipper financing, online receivables management, factoring services, API integrations, freight payment processing, and prepaid fund options. Operations focus on streamlining transactions for clients such as UPS and DHL.
Who are the top competitors of PayCargo?
What products or services does PayCargo offer?
PayCargo offers PayCargo Quick Pay, Invoice AI, Payer Account, PayCargo Finance, and 2 more products and services.
Who are PayCargo's investors?
PayCargo has 2 investors. Key investors include Blackstone, and Insight Partners.
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