ATLANTA–(BUSINESS WIRE)–RoadSync, an innovative digital financial platform for the logistics industry, today announces its $30M Series B funding. The round was led by Tiger Global, with participation by current investors Base10 Partners, Hyde Park Venture Partners, and one other new investor, Gaingels. With this raise, RoadSync will continue its automation of the financial systems that fuel the $800B logistics industry, supporting businesses at all points on the supply chain. RoadSync plans to use the new funding to accelerate the development of its expanding product suite and continue recruitment of top talent in product, engineering, operations, and sales.
RoadSync’s digital financial platform automates the routine business expenses faced by truck drivers and their employers, delivering faster payments, better oversight, and more convenience for payers and their vendors. By offering more ways to pay and get paid, RoadSync is ensuring drivers are never stuck waiting for needed funds, brokers and carriers can securely give drivers the funds they need, and warehouses and merchants realize quick and easy driver transactions whether on the road or at the dock door.
“The logistics industry historically has conducted business over the phone and emails using isolated platforms and lots of paperwork. Our mission is to streamline and consolidate this entire experience for the logistics industry, removing friction for carriers, brokers, drivers and vendors and uniting previously disconnected financial and software platforms into a single, financial home,” says Robin Gregg, CEO, RoadSync. “With this infusion of capital, we will broaden our product suite to ensure this vital industry has access to best in-class financial solutions.”