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INTERNET | Internet Software & Services / Payments
paycargo.com

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Founded Year

2005

Stage

Series B | Alive

Total Raised

$160M

Last Raised

$125M | 7 mos ago

Mosaic Score

+30 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About PayCargo

PayCargo is a financial platform for moving money and vital remittance information between payers and vendors. PayCargo's online solutions allow users to move cargo quicker and reduce payment costs more than any other platform available.

PayCargo Headquarter Location

201 Alhambra Circle Suite 711

Coral Gables, Florida, 33134,

United States

888-250-7778

Latest PayCargo News

PayCargo announces record 250% uptick in processed payments

Jan 26, 2022

The company also appointed Todd Pigeon as VP Sales- North American East Coast as it continues to experience a surge of user adoption and network growth across the North American market By X The fintech leader has also announced the appointment of Todd Pigeon as Vice President – Sales over the North American East Coast Region to further accelerate the growth of the company's online payment platform Facebook koo Leading digital payment platform PayCargo has recently announced that it has processed more than USD10 billion of freight-related payments in 2021, a 250 percent increase from 2020. The fintech leader has also announced the appointment of Todd Pigeon as Vice President – Sales over the North American East Coast Region to further accelerate the growth of the company's online payment platform. Todd Pigeon will be based at PayCargo's global headquarters in Coral Gables, Florida, USA, from where he will lead a regional team focused on both payer and vendor business development in the North American East Coast Region. He will also be responsible for leading PayCargo's Miami-based Inside Sales Team and involved in furthering PayCargo's salesforce evolution. Pigeon brings global experience within the AP Moller Maersk Group, spanning commercial leadership roles throughout Latin America, China, Europe, and, most recently, the United States, including the role of Chief Commercial Officer at Sealand, a Maersk Company. "PayCargo is an exciting, fast-scaling, multi-modal ecosystem where any business from across the logistics industry can pay all of their providers instantly, and at no cost receive payments through one platform," said Pigeon. "With the PayCargo system, customers do not have to worry about costly outdated payment processes such as requesting and tracking bank check deliveries, managing cash, and time-consuming credit application, which can also be costly. "This is a unique value proposition that I think is critical for the future of the logistics industry, and which attracted me to this role," he added. Todd Pigeon will be based at Florida, USA, from where he will lead a regional team focused on both payer and vendor business development in the North American East Coast Region PayCargo's vision to transform the logistics industry payments landscape is leading the way to facilitate a modern, cost-effective, and sustainable future for industry stakeholders across the value chain. "We are focused on supporting the ongoing digitization of the industry and ensuring we are part of a sustainable future," said Eduardo Del Riego, PayCargo Chief Executive Officer. "We have experienced incredible growth as our users continue to share in our vision for a more efficient and streamlined supply chain. In order to sustain this level of growth and continue our best-in-class service to our clients, it is imperative that we have the right talent in place to help us achieve our ambitious objectives. Todd is a strategic appointment that will certainly help us to get this done," Del Riego added. In June, PayCargo announced a Series B investment of USD125 million by global venture capital and private equity firm Insight Partners, which is being utilized to fuel digital payment tools and services for platform users. The Series B investment came nine months after a Series A investment for USD35 million also by Insight Partners.

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Expert Collections containing PayCargo

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

PayCargo is included in 4 Expert Collections, including SMB Fintech.

S

SMB Fintech

1,145 items

P

Payments

1,781 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

7,256 items

US-based companies

F

Fintech 250

250 items

250 of the top fintech companies transforming financial services

PayCargo Patents

PayCargo has filed 2 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/18/2014

11/5/2019

Payment systems, Diagrams, Supply chain management, International trade, Banking technology

Grant

Application Date

8/18/2014

Grant Date

11/5/2019

Title

Related Topics

Payment systems, Diagrams, Supply chain management, International trade, Banking technology

Status

Grant

PayCargo Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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PayCargo Rank

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