FinTech news in Denim category

To that end, Denim provides financial products, operations tools and automated workflows for freight brokers — the middlemen between shippers and carriers. CEO and co-founder Bharath Krishnamoorthy tells journalist that the new cash, a combination of equity ($26 million) and debt ($100 million), will be put toward scaling the business and providing Denim customers with working capital. Why Convoy’s Dan Lewis expects digital freight to go mainstream within the year Denim competes with other fintech firms in the space, including TriumphPay, HaulPay and OTR Capital. But he did volunteer that Denim has connected more than 7,000 freight brokers, shippers and carriers since its launch three years ago.