Freightpay, a Los Angeles, CA-based cost platform for world logistics, 3PLs, and freight forwarders, closed a $2m preliminary funding spherical.
The spherical was led by Defy.vc with Higher Tomorrow Ventures and participation from BAM Ventures, Flexport and Socially Financed. Numerous strategic angels joined, together with Jett McCandless and Jason Duboe of project44.
The corporate intends to make use of the funds to boost its potential to assist clients enhance money stream and streamline monetary operations by digitizing funds, reconciliations, and discrepancies with their shippers and carriers.
Co-founded by Joe Magee and Brandon Brotsky, Freightpay gives a platform that digitizes funds and connects remittance information thereby lowering AR/AP errors and streamlining finance operations and permits the worldwide provide chain to transact extra effectively.