FreightTech Friday: Denim to scale with $63M warehouse facility

Capt. John

Fintech platform Denim recently received a $63 million warehouse facility from Silicon Valley Bank, in partnership with Trinity Capital, to enable Denim to scale operations to cover the financial needs of its broker customers.

The company has raised $235.4 million since being founded in 2017 under its previous branding, Axle Payments. Denim rebranded in 2022, aiming to provide financial services to others outside of trucking and in other segments of the supply chain.

Related: Axle Payments...

https://www.freightwaves.com/news/freighttech-friday-denim-to-scale-with-63m-warehouse-facility

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