Denim, a Jersey Metropolis, NJ-based a know-how factoring associate for freight brokers, raised $63M in Warehouse Facility.
Silicon Valley Financial institution (SVB) and Trinity Capital Inc., supplied the financing.
The corporate intends to make use of the funds to proceed supporting the money movement and operational wants of freight brokers.
Led by CEO Bharath Krishnamoorthy, Denim is a tech-powered freight factoring associate advancing the provision chain by accelerating the motion of cash and knowledge. The corporate delivers quick entry to the working capital freight brokers want, once they want it. With its factoring options, freight brokerages can handle financing choices, and monetize working capital.
FinSMEs
31/05/2024
