Investment to fund expansion and new product development CORAL GABLES, Fla., June 15, 2022 /PRNewswire/ Logistics payments and data infrastructure platform PayCargo has announced a new
Shipping and cargo services is one of the more fragmented and analogue verticals in the world of industry, with hundreds of thousands of businesses involved in a myriad of aspects of a process that is fundamentally physical (not digital) by its nature. Today, a company called PayCargo, which built a platform to bring one key […]
Investment to fund expansion and new product development CORAL GABLES, Fla., June 15, 2022 /PRNewswire/ Logistics payments and data infrastructure platform PayCargo has announced a new investment of up to $130M from funds managed by Blackstone Growth (BXG). BXG's investment will support the company's continued expansion both domestically and internationally, development of new products, as well as potential growth opportunities through M&A. "PayCargo is a category leader, operating at the intersection of several of our highest-conviction investment themes - including the continued proliferation of electronic payments, the digitization of the supply chain, and the modernization of business-to-business payments," said Vini Letteri, Senior Managing Director and Head of Financial Services for Blackstone Growth. "We believe that these attractive tailwinds, combined with the strength of PayCargo's offering, positions the company well for its next phase of gro
Investment to fund expansion and new product development CORAL GABLES, Fla., June 15, 2022 /PRNewswire/ Logistics payments and data infrastructure platform PayCargo has announced a new investment of up to $130M from funds managed by Blackstone Growth (BXG). BXG's investment will support the company's continued expansion both domestically and internationally, development of new products, as well as potential growth opportunities through M&A. "PayCargo is a category leader, operating at the intersection of several of our highest-conviction investment themes - including the continued proliferation of electronic payments, the digitization of the supply chain, and the modernization of business-to-business payments," said Vini Letteri, Senior Managing Director and Head of Financial Services for Blackstone Growth. "We believe that these attractive tailwinds, combined with the strength of PayCargo's offering, positions the company well for its next phase of gro