A long-standing dispute between logistics technology providers ended with a $16 million payment from CargoSprint to PayCargo.
PayCargo won its trademark case against CargoSprint, which was hit with $11.6 million in damages.
Blackstone Group, one of the premier New York investment groups, is putting $130 million on fintech/freight tech firm PayCargo.
Family comes first for Lionel van der Walt, who has left PayCargo.
There’s fintech and FreightTech. PayCargo plays in both spheres and is well supported by investors.
Preeti Pande, the hydrogen solution provider’s chief marketing officer, comes with extensive fuel cell industry experience and a Ph.D.
Paul Brady succeeds company founder Mitch Weseley.
Insight Partners’ investment will allow PayCargo to build new online freight payment services and tools for shippers, 3PLs and transportation providers.
PayCargo has become a force in the online payment of freight transportation bills and now offers coronavirus-impacted shippers and forwarders credit lines to smooth their cash flow.
