Supply chain snarls and a shortage of qualified drivers have driven the freight industry toward a digital overhaul. But not all areas of the logistics and freight industry have embraced modernization. Bharath Krishnamoorthy, CEO and co-founder at Axle, told PYMNTS’ Karen Webster that freight financing...
In today’s FinTech news, AstroPay is launching Payment Links in Peru, Chile, Mexico and Colombia, and the Romanian central bank gave the green light to Elrond to purchase licensed eMoney firm Twispay. Meanwhile, the Hyundai Card American Express Portfolio is launching with Ascenda rewards and...
Axle, a payments automation and financing platform for the freight and logistics industry, on Thursday (March 10) unveiled its new carrier payments solution, Axle Wallet, which allows freight brokerages and shippers to pay their carriers with their own capital through Axle’s payments network. Axle Wallet...
Axle, which works in cash flow for the freight and logistics industry, has raised $27.7 million in a funding round, which it intends to go toward continuing the company’s work in automating processes and boosting cash management, according to a press release. The funding round...
