Cash burn saddles digital market Freightos as shipping market sinks

Capt. John

Annual losses at newly listed international freight booking and payment platform Freightos increased again in 2022 as the decade-old enterprise tries to monetize its matchmaking technology for streamlining air and ocean transactions.

The company also lowered its 2023 projected revenue growth rate to 15% to 21% (about $22.5 million) from 87% last summer in the face of significant deterioration in air and ocean volumes and rates, which will translate to fewer bookings by logistics providers.

Freight...

https://www.freightwaves.com/news/cash-burn-saddles-booking-platform-freightos-as-shipping-market-descends

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