Home›Investment›Shipping Payments Biz Lands $130M Blackstone Investment

Shipping Payments Biz Lands $130M Blackstone Investment

June 15, 2022

By McCord Pagan (June 15, 2022, 6:20 PM EDT) — Freight shipping payments platform PayCargo LLC said Wednesday it received a $130 million investment from Blackstone Growth to support its domestic and international growth, product development, and potential mergers and acquisitions.

The funding for Coral Gables, Florida-based PayCargo comes a year after the company’s last publicized investment, a $125 million Series B round from Insight Partners. And in September 2020, PayCargo landed a $35 million investment also from Insight, according to a statement from the time.

“Our partnership with Blackstone plays an important role in furthering our commitment to transforming the movement of goods and fostering increased efficiencies through PayCargo’s payment…

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