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Announced

Insight Partners to invest $35m in PayCargo.

Synopsis

Investment firm Insight Partners agreed to invest $35m in PayCargo, a payments network for the global supply chain industry. "As the cargo industry rapidly shifts to electronic payments, PayCargo has established itself as the market leading platform for doing business by successfully automating the payments process and ensuring efficiency for both payers and vendors. We are excited to work with PayCargo to continue to scale its global payments network and through our Insight Onsite team of ScaleUp and operational experts, help bring additional resources to its impressive list of customers," Ryan Hinkle, Insight Partners Managing Director.

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