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Founded Year

2021

Stage

Series B | Alive

Total Raised

$65M

Last Raised

$35M | 5 mos ago

About Loop

Loop provides a payment platform for logistics. It digitizes operations through application programming interfaces (APIs) that ingest data from logistics firms' existing systems. The company offers services to shippers, carriers, and third-party logistics (3PL) firms. It was founded in 2021 and is based in Chicago, Illinois.

Headquarters Location

227 W. Monroe street 21st Floor

Chicago, Illinois, 60606,

United States

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Loop's Product Videos

Product Demo.png

Loop's Products & Differentiators

    Payables

    Payment automation

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Expert Collections containing Loop

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Loop is included in 1 Expert Collection, including Payments.

P

Payments

2,821 items

Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.

Latest Loop News

Rippling Promises to Make Siloed Employee Data a Thing of the Past in Australia

Feb 15, 2024

Rippling Promises to Make Siloed Employee Data a Thing of the Past in Australia Check out this article I found on TechRepublic. Your email has been sent Rippling Promises to Make Siloed Employee Data a Thing of the Past in Australia Published We may earn from vendors via affiliate links or sponsorships. This might affect product placement on our site, but not the content of our reviews. See our Terms of Use for details. Rippling has launched a new Australian and regional operation that will see it take on legacy software providers in HR, IT and finance with the promise of unifying employee data. Rippling is a workforce management software firm that aims to provide one place to run HR, finance and IT operations for workforces. The platform brings together employee data normally “scattered across a company,” like payroll, expenses, benefits and device management. Founded seven years ago in the U.S. by Parker Conrad, it opened a new APAC base in Sydney, Australia in February 2024 as part of a multi-year investment initiative in the region. The firm has hired a team of 30 in Australia and sees the country as a launchpad for regional growth. Software Spotlight: RipplingSPONSORED Now available in Australia, all-in-one workforce management platform Rippling creates a single source of truth for employee data across an organisation. Small businesses will like the ability to start off small and add functionality over time. The goal is to unify disparate systems and mitigate siloes A survey of 500 Australian payroll managers conducted by Censuswide in partnership with Rippling, shared with TechRepublic as part of the platform’s launch, found: 63% of companies employ three or more solutions to manage their HR and payroll. Over one-third (37%) are using five or more systems. 48% still rely on manually inputting employee data increasing the risk of human error. “It’s challenging to keep employee data consistent when it’s scattered across disparate, siloed systems,” said Matt Loop, Rippling VP and head of Asia. “Many end up spending too much money on too many pieces of software — and wind up wasting countless hours on mundane tasks that can easily be automated or eliminated.” Loop said Rippling is a move away from niche point solutions towards a single-solution approach. He said this means managing employee data and everything an employee touches, including aspects like employee benefits. More Australia coverage Rippling aims to combat employee ripple effects across the organisation The name Rippling stems from the series of flow-on tasks and effects created in an organisation when there is a trigger — like a new employee hire or offboarding. Loop said, with a single system, HR and payroll can better automate tasks to improve HR and payroll operations. “Onboarding and offboarding are great examples of where there is often a long manual list of tasks,” Loop said. “When someone is leaving an organisation, there could be 30 or more things that need to happen. Rippling can automate that based on a change to the employee profile.” SEE: For more information, check out TechRepublic’s full Rippling review . During offboarding Rippling can make it easier to automate tasks like employee exit surveys, cutting access to tools like software subscriptions, and getting company hardware returned, which is important for companies maintaining their security operations centre compliance. Software identified as key issue for payroll professionals The Australian Payroll Association’s 2023 Australian Payroll Survey found 31.2% of payroll professionals expected to change jobs in 12 months, with almost 40% saying that efficient payroll tech and processes would be the most important factor in their search for a new role. This is because payroll processes and technology were named the biggest challenge by 38.7% of respondents. The retention of payroll staff is critical to those wanting to maintain payroll compliance and prevent the likes of workforce underpayments , according to the APA. Adapting to the growing global workforces of Australian companies Australian organisations may benefit from Rippling’s global footprint. Loop said with more local Australian companies going global, or looking to other markets, including APAC, for hiring offshore, there was growing complexity and challenge in paying and managing employees. “With Rippling you can pay your contractors and set up your legal entities through our EOR (Employer Of Record) service,” Loop said. “So we’ve got Australian payroll that’s STP compliant and does everything it needs to do, and global payroll capabilities for other major countries.” Going digital most important for Australian payroll operations What really “moves the needle” for a payroll function is when the entire payroll process is upgraded from a manual process to a technology-enabled process, according to the Australian Payroll Association. APA Director Tracy Angwin gives the example of the ability to onboard from a mobile phone, which can be done without a payroll person even touching the process. “We still have organisations in Australia that are relying on paper timesheets and paper leave forms,” Angwin said. “If you are one of those — without getting into a conversation around things like governance, fraud and manual data errors — it should be your number one goal to get rid of paper processes. It’s one of the easiest wins that you’re going to get.” Entrance of global payroll tech players good for Australian local market While Angwin claims that the existence of integrations between systems via API might make a single system redundant, the entry of global technology players like Rippling could have advantages for Australian employers. With Australia having a low working population count compared with the U.S. and Europe, it gives local employers a chance to leverage innovation in global technologies. Tracy Angwin said there is a risk some incoming global players could underestimate the complexity of building a system that is suited for Australian payroll compliance, but said she was “encouraged by global providers coming to Australia.” Subscribe to the Daily Tech Insider AU Newsletter Stay up to date on the latest in technology with Daily Tech Insider Australian Edition. We bring you news on industry-leading companies, products, and people, as well as highlighted articles, downloads, and top resources. You’ll receive primers on hot tech topics that are most relevant to AU markets that will help you stay ahead of the game. Delivered Thursdays Email Address By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy . You can unsubscribe at any time. Subscribe Subscribe to the Daily Tech Insider AU Newsletter Stay up to date on the latest in technology with Daily Tech Insider Australian Edition. We bring you news on industry-leading companies, products, and people, as well as highlighted articles, downloads, and top resources. You’ll receive primers on hot tech topics that are most relevant to AU markets that will help you stay ahead of the game. Delivered Thursdays Email Address By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy . You can unsubscribe at any time. Subscribe

Loop Frequently Asked Questions (FAQ)

  • When was Loop founded?

    Loop was founded in 2021.

  • Where is Loop's headquarters?

    Loop's headquarters is located at 227 W. Monroe street, Chicago.

  • What is Loop's latest funding round?

    Loop's latest funding round is Series B.

  • How much did Loop raise?

    Loop raised a total of $65M.

  • Who are the investors of Loop?

    Investors of Loop include Index Ventures, J.P. Morgan Asset Management, Founders Fund, Susa Ventures, 8VC and 6 more.

  • Who are Loop's competitors?

    Competitors of Loop include Solvento, Trackstar, Return Helper, Tilled, FourKites and 7 more.

  • What products does Loop offer?

    Loop's products include Payables and 2 more.

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Compare Loop to Competitors

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Project44

Project44 is a company that focuses on supply chain visibility in the logistics and transportation industry. The company offers a platform that provides real-time tracking of shipments, enabling proactive management of inventory in transit, optimization of carrier and lane performance, and management of port congestion. It primarily serves sectors such as consumer goods, food and beverage, retail, manufacturing, and life sciences. It was founded in 2014 and is based in Chicago, Illinois.

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Tive

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FarEye

FarEye delivers a machine-learning-based predictive logistics platform. It executes, tracks, collaborates, predicts, and optimizes the movement of goods. It empowers companies with operational intelligence to achieve growth, consumer loyalty, and higher margins. The company was founded in 2013 and is based in Noida, India.

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Orkestra SCS

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