RoadSync has raised a $5.7M Series A led by Base10 Partners with participation from repeat investor Hyde Park Venture Partners and Companyon Ventures. RoadSync plans to use the funding to accelerate sales growth and broaden the financial products they provide to their customers.
RoadSync’s cloud-based software allows businesses to move away from paper to quickly invoice and accept payments in real-time from truck drivers, carriers, and brokers. Their platform is in use at over 400 locations nationwide - with over 50,000 unique transactions monthly, RoadSync is bringing a more consumer-like payment experience to the industry. Users can create quick invoices, enable remote checkout, move away from paper checks entirely, verify fleet checks in seconds, accept credit card processing, receive direct payments and view real-time payment status.
“RoadSync is providing a truly transformative solution for the transportation industry,” said TJ Nahigian, founding partner at Base10 Partners. “We have been immensely impressed with Robin’s expertise and leadership and look forward to their continued success and growth."
RoadSync is a leader in providing a simpler and more efficient way to navigate payments. Users spend less time authorizing fleet checks by phone, and the flexible platform allows users multiple options to speed up payment and collection. Last year, RoadSync announced $100 million in payments processed since its 2017 platform launch.
“Our mission is to modernize payments for the transportation industry by enabling our users with a sophisticated digital solution to send and receive payments,” says Robin Gregg, CEO of RoadSync. “There is an opportunity to have a real impact on the logistics industry that is the backbone of our economy. The entire $700 billion domestic transportation industry needs and deserves better financial products.”