Announced
Completed
Financials
Sources
Tags
Domestic
Acquisition
Completed
Minority
Friendly
Private Equity
Single Bidder
Payments / Commerce
payments network
United States
Private
Venture Capital
Synopsis
Blackstone led a $130m in Series C round in PayCargo, a logistics payments and data infrastructure platform. "PayCargo is a category leader, operating at the intersection of several of our highest-conviction investment themes – including the continued proliferation of electronic payments, the digitization of the supply chain, and the modernization of business-to-business payments. We believe that these attractive tailwinds, combined with the strength of PayCargo's offering, positions the company well for its next phase of growth," Vini Letteri, Blackstone Growth Senior Managing Director.
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