Freight payment platform PayCargo said Wednesday it has secured up to $130 million from the Blackstone Group, one of the world’s largest private equity firms, to support rapid international expansion, new product development and potential acquisitions.
The series C investment from funds managed by Blackstone Growth represents the largest funding round for 13-year-old PayCargo, which landed $125 million from private equity firm Insight Partners exactly one year ago. Blackstone considers the...
https://www.freightwaves.com/news/paycargo-fintech-for-freight-lands-130m-from-blackstone-group