Axle Payments

Axle Payments rebrands as Denim, raises $126M in Series B

Logistics fintech platform Axle Payments announced Thursday it has rebranded as Denim after declaring the company has closed its $126 million Series B funding round to continue building out payment solutions across the supply chain.

The funding round — led by Pelion Venture Partners with participation from Crosslink Capital, Anthemis, Trucks VC, FJ Labs, Tribeca Early Stage Partners and Refashioned Ventures — consists of $26 million in equity financing and $100 million in debt financing. Since...

https://www.freightwaves.com/news/axle-payments-rebrands-as-denim-raises-126m-in-series-b

Live demo preview: Show me the money

Axle logo on black screen with future of supply chain logo

Days to pay is a common problem for companies. How soon are carriers paid? What about shippers? Invoice processing and payment is a tedious, time-consuming process that is a necessary evil. Carriers want to be paid immediately and most shippers will pay eventually. Issues arise, extra charges appear on invoices and collections are a nightmare. 

A major attraction of FreightWaves’ The Future of Supply Chain live event in Northwest Arkansas on May 9-10 will be the 7-minute live demos. Here’s a...

https://www.freightwaves.com/news/live-demo-preview-show-me-the-money

Commentary: What does a freight factoring company do?

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

This summer, Convoy announced the start of its freight factoring service, in partnership with Apex Capital. Aimed at attracting small carriers, quick turnaround funds are now available for non-Convoy loads in addition to the 0% QuickPay option previously available for Convoy loads.

With QuickPay being offered by a number of brokers, the benefits of choosing a...

https://s29755.pcdn.co/news/commentary-what-does-a-freight-factoring-company-do

Startup democratizes freight broker financing

  • Axle Payments secures $27.7 million in debt and equity financing to help brokers manage cash flow

Cash flow problems are a perennial challenge in the trucking industry. The reasons are varied, but topping the list is that shippers often wait one to two months after a load has been delivered before issuing payment, wreaking havoc on carriers and intermediaries that can’t afford to wait.

Various financing strategies are available to help supply chain companies address this working capital...

https://s29755.pcdn.co/news/startup-democratizes-freight-broker-financing