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 modernization.
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 theirs own “QuickPay” service to offer to its trucking company vendors.
With a client base of over 150, the company is making a significant impact and has recently secured substantial funding. With this fresh cash injection, it's set to further strengthen its ability to support the cash flow and operational needs of freight brokers, driving even more growth and success.
Steph
Company Specialist at Welcome to the Jungle