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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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
People of PayCargo
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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.
Investors in PayCargo
PayCargo has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Blackstone and Insight Partners.
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Investor details for PayCargo
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Investments & Acquisitions by PayCargo
Investment portfolio details for PayCargo
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Financial Statements - PayCargo
Detailed financials for PayCargo
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Paycargo Comparisons
Peer comparison for PayCargo
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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.
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Loop is focused on transportation cost management and supply chain intelligence.
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Supply chain solution and service provider
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Online brokerage platform for ship bunkering services is operated.
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Provider of billing, accounting, receivables management and factoring automation solutions for logistics
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Provider of blockchain and web-enabled automated global supply chain management platform
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Detailed competitors of PayCargo
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Latest news on Paycargo
Complete news archive for PayCargo
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Frequently Asked Questions about PayCargo
PayCargo was founded in 2005 and raised its 1st funding round 15 years after it was founded.
PayCargo is headquartered in Coral Gables, United States. It is registered at Coral Gables, Florida, United States.
Eduardo Del Riego is the current CEO of PayCargo.
PayCargo is a funded company, having raised a total of $290M across 3 funding rounds to date.
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.
PayCargo offers PayCargo Quick Pay, Invoice AI, Payer Account, PayCargo Finance, and 2 more products and services.
PayCargo has 2 investors. Key investors include Blackstone, and Insight Partners.