Reported 11 months ago
Denim, a fintech platform, received a $63 million warehouse facility from Silicon Valley Bank to scale its operations for broker customers. Since its founding in 2017 as Axle Payments, the company has raised a total of $235.4 million. Denim offers financial services to various segments of the supply chain, including freight brokers, and has recently integrated services into MyCarrierPortal for LTL brokers. In other news, OneRail acquires Orderbot to enhance its last-mile delivery network, and Qargo raises $14 million in Series A funding to expand its transport management platform.
Source: YAHOO