PayCargo Funding, Investors & Competitors

WEX Inc is a commerce platform that provides seamlessly embedded, personalized payments solutions. The company operates three business segments: Mobility, Benefits, and Corporate Payments. Mobility segment, the top segment by revenue, provides fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets. The Corporate Payments segment offers business-to-business payment processing and transaction monitoring services. The Benefits segment generates revenue from healthcare payment products and its consumer-directed software platform. Its prime end market is the United States of America.

Kpler is a London-headquartered data and analytics platform launched in 2014, tracking commodities transportation including LNG, crude oil, dry bulk, freight, and inventories across 40 markets. With over 500 employees globally, it expanded through acquisitions of ClipperData in 2021, JBC Energy and Core-e in 2022, and MarineTraffic with FleetMon in 2023, serving traders, producers, and governments.

JD Digits is a Beijing-based fintech arm of JD.com providing supply chain finance, consumer loans, insurance, payment gateways, and securities brokerage. The platform connects over 500,000 SMEs with funding exceeding 200 billion RMB annually through AI-driven risk assessment.

Full Truck Alliance Co Ltd, through its subsidiaries, provides comprehensive services for shippers and truckers through its mobile and website platforms. Its principal operations are in the People's Republic of China. The group derives its revenues principally from shippers and trucker's use of its platforms in connection with freight matching services and value-added services.

Flexport is a San Francisco-headquartered global logistics platform founded in 2013 that combines freight forwarding with software for ocean, air, and trucking shipments. Its dashboard enables shippers to book capacity, manage customs clearance as a licensed non-vessel operating common carrier, and track shipments in real time across 100 countries. Flexport operates warehouses in Shanghai, Singapore, and Rotterdam, partnering with carriers such as Maersk and MSC to optimize routes for clients including Procter & Gamble and Shopify.

WiseTech is a founder-led, global leader in logistics software for international freight forwarding. WiseTech’s core product, CargoWise, is used by the majority of the top 25 global freight forwarders and has world-leading annual customer retention rates of over 99%. CargoWise’s main competition consists of inhouse software solutions and analogue processes, providing a large and highly winnable market opportunity for WiseTech’s current and future products.

Zhuzhou CRRC Times Electric Co Ltd is in the R&D, design, manufacturing, and sales of rail transit equipment products and the provision of related services, and has an industrial structure of components, systems, and complete machines. Its products mainly include rail transit electrical equipment, railway engineering machinery, communication signal systems, and others. Meanwhile, the Company actively expands to industries other than rail transit, and conducts business in the fields of power semiconductor devices, industrial converter products, electric drive systems for new energy vehicles, sensor devices, and marine equipment, The Company operates in the domestic market and overseas markets.

Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. Its core product is the Global Logistics Network, which is best understood as transaction-driven. Descartes charges clients to send/receive messages, data, and documents on the GLN. Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.

EquipmentShare.com Inc is a construction technology solutions and equipment rental company. It operates business through reportable segments: Equipment Rental and Services Operations, comprises of recurring activity performed at full-service branch locations, such as equipment rentals and related services (including allocated telematics revenue related to rental customer access to the T3 platform), and sales of parts, supplies and maintenance services to construction contractors and others; and Equipment Sales, comprises of sales of new or used equipment made at any of branch locations and dealership sites, equipment sales to participants in the OWN Program. Its activities also include telematics subscriptions, software applications, building materials and hardware supplies, and others.

Delhivery Ltd is engaged in providing a full range of logistics services, including delivery of express parcels and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express freight services, and supply chain software. The company also offers value-added services such as e-commerce return services, payment collection and processing, installation and assembly services, and fraud detection. It has one segment, which is Logistics Services. The company generates the majority of its revenue from India.

Uber Freight is a San Francisco-headquartered digital freight brokerage founded in 2017 that matches shippers with carriers through its app and TMS platform. It handles full truckload shipments across the US, offering transparent pricing, instant booking, and ELD-compliant tracking. Uber Freight serves clients like Tyson Foods and Nestle, managing $5 billion in annual freight volume with 100,000-plus carriers. The company expanded into Mexico in 2022 with cross-border services.

Motive is a fleet operations platform headquartered in San Francisco with global reach. The company equips businesses with AI dashcams, GPS tracking, ELDs, and analytics for driver safety and compliance in trucking, field services, and construction. Serving 7 million drivers, Motive automates coaching for behaviors like harsh braking, integrates maintenance workflows, and provides spend controls, boosting efficiency for enterprises like Uber Freight partners.

Stord is an Atlanta-headquartered commerce platform offering end-to-end supply chain services including warehousing, transportation, fulfillment, order management systems, and warehouse management software. Its distributed network covers the United States, Canada, the United Kingdom, and the European Union, powering brands like Patagonia and New Balance.

Peregrine.ai is a Berlin-based edge AI provider for transportation data processing. Its software runs on vehicles to generate real-time insights for safety, mapping, and infrastructure from telematics. Optimized for embedded systems, it minimizes cloud dependency and emissions. Founded in 2020, Peregrine.ai licenses to telematics firms and serves logistics and urban planning sectors across Europe.

G7 is a Beijing-headquartered telematics provider for China's logistics sector with an installation base exceeding 800,000 cargo vehicles nationwide. Its hardware devices track real-time location, route optimization, fuel efficiency, and cargo conditions such as temperature and humidity for fleet operators. The company processes billions of data points daily through its cloud platform, serving major logistics firms like JD Logistics and SF Express. Listed on the Hong Kong Stock Exchange since 2020 under ticker 2599.HK, G7 operates in over 300 cities and integrates with insurance providers for usage-based premiums. Its IoT solutions extend to cold chain monitoring and driver safety analytics.

Karooooo Ltd is a provider of real-time mobility data analytics solutions for smart transportation. It offers a comprehensive, cloud-based smart mobility platform for connected vehicles and other assets. The company's software-as-a-service platform provides customers with differentiated insights and analytics to optimize business and workforce, increase efficiency and decrease costs, improve safety, monitor environmental impact, assist with regularity compliance, and manage risk. The segments of the group are Cartrack; Carzuka; and Karooooo Logistics, of which key revenue is derived from the Cartrack segment.

Forto is a digital freight forwarder operating across Europe with a platform for ocean and air cargo bookings. Berlin-headquartered since 2016, it uses AI for rate comparisons, documentation automation, and tracking, handling 100,000 TEUs annually. The company serves shippers like automotive suppliers, partnering with carriers such as Maersk for seamless door-to-door logistics.