Freightpay, a Los Angeles, CA-based payment platform for global logistics, 3PLs, and freight forwarders, closed a $2m initial funding round.
The round was led by Defy.vc with Better Tomorrow Ventures and participation from BAM Ventures, Flexport and Socially Financed. A number of strategic angels joined, including Jett McCandless and Jason Duboe of project44.
The company intends to use the funds to enhance its ability to help customers improve cash flow and streamline financial operations by digitizing payments, reconciliations, and discrepancies with their shippers and carriers.
Co-founded by Joe Magee and Brandon Brotsky, Freightpay provides a platform that digitizes payments and connects remittance data thereby reducing AR/AP errors and streamlining finance operations and enables the global supply chain to transact more efficiently.
FinSMEs
10/03/2022