See other companies on Welcome to the Jungle
Denim
Freight payments system
- 101-200 employees
- B2B
- Artificial Intelligence
- Enterprise
- Marketplace
- Freight
- Payments
- Financial Services
- SaaS
- Tribeca, New York, NY
Jump to section
Company mission
To help brokers simplify their back office operations and give them more time to run their business.
16% employee growth in 12 months
Our take
Cash flow problems plague the trucking industry. It's a complicated issue but it would not be unreasonable to attribute a large portion of the blame to the analogue, paper-based systems involved in the industry currently patched over with a high-fee ‘factoring’ service in desperate need of modernisation.
That's where Denim (formerly known as Axle) comes in. Denim's proprietary software-based service provides freight brokers and forwarders with affordable working capital and back-office automation, as well as giving them its own “QuickPay” service to offer to its trucking company vendors.
Denim is focused on executing its growth plan. That means expanding operations, developing new services and strengthening the company’s payment and financing platform.
The 2022 rebrand to 'Denim' represents its goal to build a stronger supply chain, through reliable, flexible and easy-to-use tools. Having raised a substantial amount in funding, the company is well positioned to solidify its position as a leading payments ecosystem for the freight industry.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Unlimited paid time off
- Fully remote work by design
- Quarterly in-person retreats
- Medical, dental, & vision
- Mental and physical wellness stipend
- Generous option (equity) grant
- Professional development reimbursements
Company values
- Curiosity | We are inquisitive by nature, and we learn for the sake of learning. Markets evolve in unpredictable ways. New threats and opportunities arise from unexpected corners. In such a dynamic environment, our biggest competitive advantage is the speed at which we learn.
- Tenacity | We don't give up in the face of adversity. This is a startup. Things will get hard. But as long as none of us are willing to be the first to give up, we will eventually make it through. We are a group of people who will always get back up, no matter how many times we get knocked down
- Transparency | We have the courage to voice our opinions and discuss ideas openly. We build trust by defaulting to public conversations, providing direct feedback, and challenging each other ideas
- Team First | We are team players through and through. We’re all individually ambitious, but we know the best way to achieve out-sized personal success is by ensuring the team's success
- Empathy | We seek to understand our teammates' and customers' perspectives so we can make the best impact on their lives. Empathy is at the heart of the products we build, the service we provide, and how we communicate and collaborate with our team
Funding (last 2 of 5 rounds)
Sep 2022
$26m
SERIES B
May 2021
$10m
SERIES A
Total funding: $40.2m
This company has top investors
Leadership
A lawyer by training, previously worked as an Associate at Gibson, Dunn & Crutcher.
Shawn Vo
(CTO)Prior to Axle, they worked as a Financial Technology Consultant for Nfinity. Before that, they held another role in fintech as a full-stack developer for Fintria. Also spent time in the Barclays bank Credit Risk team.