202214 Nov

GoFreight Raises $28 Million to Become the "Shopify of Freight Forwarding"

Summary

Tracking software also integrates with accounting tools on GoFreights platform, so users know how shipment performance affects their revenue.Co-founder and CEO Trenton Chen obtained his Masters and PhD in the United States before returning to Taiwan to join TSMC. But it can certainly help to provide additional valuable information to customers, importers and exporters, said Chen, adding: We are trying to enable incumbent operators to compete with Flexport. So the front-end application is so important and we also provide visibility solutions.A major challenge that GoFreight wants to solve is the quote generation process, which can take a few days because freight forwarding orders are complex. This means freight forwarders can provide a link to customers, and once they click on it, theyre taken to GoFreights website, where they can decide which bills to pay with credit cards or bank accounts. It also breaks down costs by SKU so shippers and their customers know exactly how much it costs to ship an item.The new funding will be used to develop more features such as smart quotes, rate management and purchase order management.In a statement on the funding, Headline Partner Tom Gieselmann said: GoFreights all-in-one software provides greater transparency for freight movements, enabling freight forwarders to better manage their business, which can range from 0-1500+ users, end-end.

Source: Thebharatexpressnews

Funding

$23M
Amount
Nov 14 2022
Date
-
Investor
GoFreight
Company

Classifications

Companies