FinTech news in FJ Labs 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.

The company raised $230 million in an equity and debt Series A round last year, led by Kaszek, and since then expanded into Mexico, growing its client roster over five times to 15,000, growing Mexico revenue by 60 times and launching its new Xepelin Payments product 90 days ago that enables users to organize and automate payments to suppliers, with and without financing.

Cayena founders Gabriel Sendacz, Pedro Carvalho and Raymond Shayo believe injecting technology into procurement will make the process much simpler for food preparation facilities, like restaurants, bars, bakeries, hotels and dark kitchens, in their home country of Brazil and across the region.