RoadSync, an Atlanta, GA-based digital payment platform for the transportation industry, raised $5.7M in Series A funding.
The round was led by Base10 Partners with participation from repeat investor Hyde Park Venture Partners and Companyon Ventures.
The company plans to use the funding to accelerate sales growth and broaden its financial products.
Led by Robin Gregg, CEO, RoadSync provides a cloud-based software platform that allows businesses to move away from paper to invoice and accept payments in real-time from truck drivers, carriers, and brokers. Their platform is in use at over 400 locations nationwide – with over 50,000 unique transactions monthly. Users can create quick invoices, enable remote checkout, verify fleet checks, accept credit card processing, receive direct payments and view real-time payment status. RoadSync has processed more than $100 million in payments for warehouses, trucks/carriers, and repair/tow merchants since 2017.