payment technology

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

Keynote: How new credit and working capital models can boost supply chain efficiencies and carrier financial health

This fireside chat recap is from FreightWaves’ Supply Chain Meets FinTech event Wednesday.

FIRESIDE CHAT TOPIC: How new credit and working capital models can boost supply chain efficiencies and carrier financial health

DETAILS: Melissa Forman, president of TriumphPay, speaks with Anne Reinke, president and CEO of Transportation Intermediaries Association, and Mark Baxa, president and CEO of Council of Supply Chain Management Professionals (CSCMP), about the importance of payment visibility...

https://www.freightwaves.com/news/keynote-how-new-credit-and-working-capital-models-can-boost-supply-chain-efficiencies-and-carrier-financial-health

Meet the new middlemen

Logistics and chemicals experts discuss payments technology during FreightWaves' Supply Chain Meets FinTech event.

This fireside chat recap is from FreightWaves’ Supply Chain Meets FinTech event Wednesday.

FIRESIDE CHAT TOPIC: Innovating a commodity: How payments technology is reinventing the $7 trillion chemical sector.

DETAILS: Logistics and chemicals experts discuss how the speed and flexibility of payments technology can benefit a company.

SPEAKER: David Haase is the president at ChemDirect.

BIO: Haase has more than 15 years of experience in finance, business development marketing and strategy. He has also...

https://www.freightwaves.com/news/meet-the-new-middlemen

PayCargo,  fintech for freight, lands $130M from Blackstone Group

Front close up of a large jet with cargo being loaded on the side and stacks of dollars superimposed on the side.

Freight payment platform PayCargo said Wednesday it has secured up to $130 million from  the Blackstone Group, one of the world’s largest private equity firms, to support rapid international expansion, new product development and potential acquisitions.

The series C investment from funds managed by Blackstone Growth represents the largest funding round for 13-year-old PayCargo, which landed $125 million from private equity firm Insight Partners exactly one year ago. Blackstone considers the...

https://www.freightwaves.com/news/paycargo-fintech-for-freight-lands-130m-from-blackstone-group

Slowing bitcoin revenue drags down Square earnings

As third-quarter earnings results have poured in for major online retailers, investors have been left in a state of confusion. Amazon, Wayfair and Shopify all posted results that were below investors’ expectations.

Amazon.com (NASDAQ:AMZN), Wayfair (NYSE: W) and Shopify (NYSE: SHOP) represent only one side of the equation, though. Fintech firms underpin the omnichannel payment sector, and Square is the first major company to report its quarterly results.

Like the e-tailers, Square (NYSE: SQ)...

https://www.freightwaves.com/news/square-releases-q3-earnings

Fleetcor reports ‘record retention and sales’ for Q2

Fleetcor's Q2 earnings show significant growth.

Global commercial fuel card and business payments company Fleetcor Technologies Inc. (NYSE: FLT) on Wednesday reported total revenue for the second quarter grew 27% year-over-year to $667 million. Net income increased by 24% year-over-year, totaling $196 million in the second quarter.

After slightly lower earnings in the first quarter, Fleetcor’s adjusted earnings per share (EPS) reached $3.15 for the second quarter, a 38% year-over-year increase from $2.28. The company expected adjusted EPS to...

https://www.freightwaves.com/news/fleetcor-reports-record-retention-and-sales-for-q2

FLEETCOR Q4 earnings ‘better than expected’

FLEETCOR reported Q4 earnings for 2020.Link to full report

Global business payments company FLEETCOR Technologies Inc. (NYSE: FLT) reported adjusted earnings per share of $3.01 for the fourth quarter Thursday, higher than Yahoo Finance’s estimated $2.82, but a 5% decrease compared to the 2019 fourth quarter. 

“Q4 finished better than expected, with improving trends across the board,” said Ron Clarke, chairman and chief executive officer at FLEETCOR, in a statement. 

FLEETCOR reported net revenue of $617 million in the quarter, an 11.7%...

https://s29755.pcdn.co/news/fleetcor-q4-earnings-better-than-expected

Payments technology firm PPRO raises $180M to reach unicorn status

The explosion of e-commerce and online buying has fueled a tsunami of issues for global companies that must ensure payments can be seamless and in the form and manner each locale prefers. That has fueled a push by payment providers to create more customized solutions.

PPRO’s technology is underpinning many of these solutions and investors are flocking to the company. The London-based startup has announced a $180 million investment round, which comes just six months after a $50 million round.

Sprin...

https://s29755.pcdn.co/news/payments-technology-firm-ppro-raises-180m-to-reach-unicorn-status