US logistics digital platform RoadSync receives $30 million in Series B funding

RoadSync, an innovative digital financial platform for the U.S. logistics industry, today announced that it has received $30 million in Series B funding. This round of financing was led by Tiger Global. With this financing, RoadSync will continue to automate its financial systems, which power the $800 billion logistics industry and support all companies in the supply chain.  

Founded in 2015 and headquartered in Atlanta, Georgia, USA , RoadSync transforms conventional logistics transactions through digital innovation, maximizing efficiency and revenue across the entire supply chain .

The company 's digital financial platform automates the daily business expenses faced by truck drivers and their employers , providing faster payments, better oversight and more convenience for payers and their suppliers. It provides a fast, convenient and secure way to move and manage funds and conduct business, greatly reducing payment processing time and maximizing revenue.

Prior to the Covid-19 pandemic, digital payments were beginning to eclipse the use of checks and cash in the logistics sector. However, the pandemic has brought a greater sense of urgency as professional drivers and other parties along the supply chain require contactless payment options for safety. RoadSync’s products provide the industry with a secure and efficient payment option, driving the transition to contactless and digital payment technologies.

Additionally, RoadSync’s strategic partnerships with industry leaders allow the technology to simply connect to existing payment solutions without the need to implement new payment processes, increasing the utility of existing solutions and making it easy for individuals in the logistics industry to adopt the platform.

John Curtius, Partner at Tiger Global, said : "The solutions provided by RoadSync are modernizing an important industry that gets goods to consumers every day. We are excited to be working with an innovator in such an important space that will create significant change, and we look forward to being a part of this next step."

RoadSync is a digital financial platform for the logistics industry. With a high degree of digitization, it provides a fast, convenient and secure way to move and manage funds and conduct business, greatly reducing payment processing time. At present, its development prospects are good.

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