RoadSync is a digital payment platform designed for the logistics industry, enabling users to accept various payment methods and manage transactions efficiently at every stage of the supply chain. By streamlining payment processes and providing real-time visibility into transactions, RoadSync helps businesses reduce transaction times and improve cash flow management.
Funding
$37.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TGFounders
Product
Problem
The logistics industry faces challenges with slow, manual payment processes, leading to delays, inefficiencies, and increased administrative burdens for all parties involved in the supply chain. Traditional payment methods often lack transparency and real-time visibility, hindering effective cash flow management and creating friction between brokers, carriers, and other service providers.
Solution
RoadSync provides a digital payment platform designed to streamline and expedite financial transactions within the logistics ecosystem. The platform offers a suite of tools that enable users to accept various payment methods, automate payment workflows, and gain real-time visibility into transaction statuses. By digitizing manual processes and providing access to modern payment rails like Instant Real-Time Payments (RTP), RoadSync facilitates faster payments, reduces administrative overhead, and improves cash flow for brokers, carriers, warehouses, repair shops, and other logistics businesses. The platform also includes a carrier portal and automated remittance emails, providing transparency and reducing the back-office burden of communicating payment information.
Target Audience
RoadSync targets brokers, carriers, warehouses, lumpers, repair shops, and other businesses involved in the logistics and supply chain industry seeking to modernize their payment processes and improve cash flow management.
Features
- RoadSync Pay: Enables brokers to schedule and automate payments to carriers and factoring companies via Instant Real-Time Payments (RTP), Same Day ACH, Next Day ACH, and checks.
- RoadSync Checkout: Allows warehouses, lumpers, and repair shops to quickly accept a variety of payments, including fuel cards, credit cards, and fleet checks, and build custom invoices.
- RoadSync Driver: A mobile app for drivers to capture, store, and manage receipts and documents.
- Carrier Portal: A complimentary portal for carriers and factoring companies to access real-time and historical insights into payment statuses.
- Automated Remittance Emails: Provides vendors with instant payment remittance details.
- Digital Work Order Authorizations: Helps repair and tow services prevent payment roadblocks and fight chargebacks.
- Integration with BigRig411: Connects users with repair and tow services.