PayCargo is a B2B online payment platform for the freight and cargo industries. By automating the payments process, PayCargo allows significant efficiencies by reducing processing costs, delays, and headaches generally involved with freight payments. The users pay their vendors via PayCargo and get their cargo released within the hour.
PayCargo’sonline solution allows users to move cargo quicker and reduce payment costs more than any other platform available. The company's patented technology effortlessly registers the user's company so that they can immediately start making payments to their freight vendors. PayCargo has over 4,000 vendors in its network including major ocean carriers such as Hapag Lloyd and Hamburg Sud; air cargo providers like Air France, LAN Cargo, Swissport, Air General, and Total Air; and hundreds of terminals and CFS stations. Over 1,000 of these vendors release the cargo within an hour after receiving the “Payment Approval” alert from PayCargo. All other vendors release cargo no later than the next morning.PayCargo was founded in 2007 and is headquartered in Coral Gables, Florida, United States.
Total Funding: $160,000,000
Funding Stage: Series B
Business Stage: Scaling Up
Market: B2B
Company Size: 51 to 100
Founded: 2007
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Customer Experience Representative
Miami, FL
Business Risk Assistant Manager
Coral Gables, FL
