PayCargo
PayCargo helps logistics companies pay freight vendors and release cargo instantly.
PayCargo is a cloud-based payment settlement platform that automates freight payments across air, sea, and land logistics. It connects shippers with over 4,000 vendors including major carriers like Hapag-Lloyd, MSC, and Air France, enabling cargo release within an hour of payment approval. The platform reduces processing costs and delays while offering integrated financing options for companies that prefer deferred payment.
Problem solved
Freight payments are slow, manual, and fragmented—causing cargo delays, processing costs, and operational friction across the supply chain.
Target customer
Large freight forwarders, logistics providers, and shippers including 3PLs, major carriers, and enterprises managing multi-modal transportation (air, ocean, land).
Founders
S
Sergio Lemme
Co-Founder, Chairman
University of Buenos Aires graduate (1977-1986); established PayCargo as a First Data subsidiary in 2009 before becoming independent.
J
Juan Carlos Dieppa
Co-Founder, COO
Co-founded PayCargo in 2007 and served as Chief Operating Officer.
E
Eduardo Del Riego
President & CEO
FIU alumnus ('82); became CEO in 2013 and currently leads PayCargo as President & CEO.
Funding history
Series A
$35M
September 2020
Led by Insight Partners
· Unknown
Series B
$125M
June 2021
Led by Insight Partners
· Unknown
Series C
$130M
June 2022
Led by Blackstone Growth
· Unknown
Total raised:
$290M
Pricing
Custom pricing for enterprise customers. No free plan or publicly disclosed pricing tiers.
Notable customers
Kuehne + Nagel, DHL, DB Schenker, BDP, Seko Logistics, UPS, YUSEN Logistics, Hapag-Lloyd, MSC, Ocean Network Express, Alliance Ground, Swissport, Air France, Delta Cargo, American Airlines Cargo
Integrations
iCargo, Delta Cargo, American Airlines Cargo, FMS systems (via APIs)
Website
Competitors
CargoSprint
Focuses on supply chain orchestration with scheduling and visibility; less payment-focused than PayCargo.
TriumphPay
Unknown
GlobalTranz
Unknown
Why this matters: PayCargo has achieved rare profitability since its 2009 founding while raising $290M from top-tier investors (Insight, Blackstone) and is still capturing less than 2% of the freight payment market—indicating a massive green-field opportunity in enterprise logistics automation. The company's network of 4,000+ pre-integrated vendors with 1,000+ releasing cargo within an hour creates significant switching costs and network effects.
Best for: Enterprise freight forwarders, 3PLs, and major shippers that process high volumes of multi-modal freight payments and need to reduce cargo release delays.
Use cases
Instant Cargo Release for Ocean Freight
A freight forwarder initiates payment to a carrier via PayCargo and receives cargo release approval within one hour instead of waiting 2-3 days for manual clearance. This eliminates demurrage costs and port congestion penalties.
Deferred Payment for Cash Flow Management
A mid-sized logistics company uses PayCargo's financing services to pay vendors on extended terms (net-30 or net-60) while maintaining vendor relationships and avoiding upfront capital outlay for large shipments.
Multi-Vendor Payment Consolidation
A large 3PL manages payments to hundreds of carriers, terminals, and CFS stations through a single PayCargo dashboard with standardized APIs, eliminating spreadsheets and manual wire transfers across vendors.
Alternatives
CargoSprint
Better for companies prioritizing supply chain visibility and appointment scheduling; less specialized in payment automation.
TriumphPay
Focus unclear but positioned as a competing freight payment platform.
FAQ
What does PayCargo do? +
PayCargo is a cloud-based payment platform that automates freight payments between shippers and carriers, terminals, and logistics vendors. It enables cargo release within one hour of payment approval and provides integrated financing for deferred payments. The platform connects over 4,000 vendors globally across air, ocean, and land transportation.
How much does PayCargo cost? +
PayCargo uses custom enterprise pricing. The company does not offer a free plan or publicly disclose specific pricing tiers. Contact sales for a quote.
What are alternatives to PayCargo? +
CargoSprint (supply chain orchestration with payment features), TriumphPay (freight payment specialist), and GlobalTranz (logistics platform with payment integration).
Who uses PayCargo? +
40,000+ enterprise customers including Kuehne + Nagel, DHL, DB Schenker, UPS, major carriers like Hapag-Lloyd and MSC, and air cargo providers like Air France and Swissport.
How does PayCargo compare to CargoSprint? +
PayCargo is purpose-built for payment automation and cargo release speed; CargoSprint focuses broader on supply chain orchestration including scheduling and multi-modal visibility. PayCargo's strength is fast settlement and vendor integration; CargoSprint's is end-to-end logistics execution visibility.
Tags
freight payments
logistics automation
cargo release
supply chain
payments platform
B2B SaaS
enterprise