BAM, an Atlanta, GA-based provider of cash management and working capital solutions to the transportation industry, completed a $10m investment.
The round was led by Millstone Capital Partners.
The company intends to use the funds to expand sales, innovation, and product development.
Led by Todd Ehrlich, chief executive officer, BAM provides technology, payments processing, and working capital loans to the U.S. trucking industry. The company’s specialty finance software and operations platform, BAMwire™, is a proprietary payment processing and cash management engine that allows brokers to book loads quickly, reduce days-to-pay, improve credit scores, and increase cash flow.