Outgo commits to 4-hour factoring speeds, announces $15M capital raise

Capt. John

Carrier-focused payments platform Outgo said Tuesday it has received a $15 million investment from venture capital investors and that it has secured a $50 million credit facility to be used for purchasing carrier receivables. It said the capital infusion has allowed it to become “the industry leader in funding speeds for carriers.”

The Seattle-based 2021 startup said the previously undisclosed funding round was led by Gradient Ventures and Construct Capital along with participation from other...

https://www.freightwaves.com/news/outgo-commits-to-4-hour-factoring-speeds-announces-15m-capital-raise

Leave a Comment