RoadSync Raises $30 Million in Series B Funding Led by Tiger Global
Summary
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. “With this infusion of capital, we will broaden our product suite to ensure this vital industry has access to best in-class financial solutions.” Digital payments began eclipsing the use of checks and cash in the logistics space prior to the Covid-19 pandemic. However, the pandemic ushered in a greater sense of urgency as professional drivers and other parties in the supply chain needed contactless payment options for the sake of safety. “We are pleased to partner with an innovator in such a vital space that will create significant change and we look forward to being part of what’s next.” RoadSync is the digital financial platform for the logistics industry. RoadSync offers payment products for the entire supply chain – warehouses, trucks/carriers, repair/tow merchants, and brokers – integrating and automating the financial systems fueling the logistics industry.
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