payment services

Last-mile firm Bungii streamlines payments with Branch

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Once a relatively unknown strategy, networks of independently contracted delivery drivers — or what...

https://www.freightwaves.com/news/last-mile-firm-bungii-streamlines-payments-with-branch

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

Fleetcor beats Q3 expectations again with 29% YOY revenue growth

Fleetcor's third-quarter results beat expectations again.

Global commercial fuel card and business payments company Fleetcor Technologies Inc. (NYSE: FLT) on Wednesday reported total revenue for the third quarter grew 29% year-over-year to nearly $756 million. Net income increased to $234 million for the quarter, a 24% year-over-year rise.

After record retention and sales in the second quarter, the trend continued in Q3. 

Fleetcor’s adjusted earnings per share (EPS) reached $3.52 for the third quarter, increasing 26% year-over-year from $2.80. The...

https://www.freightwaves.com/news/fleetcor-beats-q3-expectations-again-with-29-yoy-revenue-growth

Payfare, Stride partner on real-time payments for gig workers

Fintech company Payfare partners with Stride Bank on instant payments for gig workers and the gig economy

Food delivery drivers last week claimed a win in the ongoing gig economy battle between employers and their workers, who are often classified as independent contractors instead of employees and are deprived of the benefits that come with full employment. Last Thursday, the New York City Council approved a legislative package that, among other things, established a minimum payment per trip for delivery drivers. But for the more than 70% of gig workers living paycheck to paycheck, that money is...

https://www.freightwaves.com/news/payfare-stride-partner-on-real-time-payments-for-gig-workers

Coast raises $6M to disrupt industry payment incumbents with fintech solutions

With a rise in last-mile delivery and an increasing need for more capacity on the road, payments and finance startup Coast aims to provide advanced technology for managing fleet-related expenses.

Founded by Daniel Simon and former Lyft executive Andrew Woolf, the company announced Wednesday it has raised an oversubscribed $6 million seed round following its initial $3.5 million round in September. The latest round was led by Better Tomorrow Ventures with participation from Avid Ventures,...

https://www.freightwaves.com/news/coast-raises-6m-to-disrupt-industry-payment-incumbents-with-fintech-solutions

Square posts strong Q4, full-year earnings; purchases $170M in bitcoin

Payment services provider Square (NYSE: SQ) posted a 52% year-over-year increase in Q4 2020 gross profit of $804 million and up from $794 million in Q3 2020. Total net revenue for the quarter was $3.16 billion, up 141% year-over-year, versus analysts’ consensus of $3.11 billion.

Transaction-based revenue was $929 million in the fourth quarter of 2020, up 12% year over year, and transaction-based gross profit was $394 million, up 26% year over year. Subscription- and services-based revenue was...

https://www.freightwaves.com/news/square-posts-strong-q4-full-year-earnings-purchases-170m-in-bitcoin

FreightWaves focuses on gig economy with launch of Modern Shipper

As e-commerce and the gig economy have grown in the past year, the thirst for news and information has grown among the participants. Whether it is shippers moving online orders to consumers, or rideshare drivers supplementing declining volumes with on-demand food delivery, there is growing activity and interest in the space.

To help fill this information void, FreightWaves is launching Modern Shipper. Modern Shipper, which can be found at www.modernshipper.com, will sit squarely alongside both...

https://www.freightwaves.com/news/freightwaves-focuses-on-gig-economy-with-launch-of-modern-shipper