TankPayments provides an end‑to‑end financial platform for the freight industry that automates accounts payable and receivable, integrates banking and fuel card services, and offers 24/7 instant funding for carriers and drivers. By connecting directly to TMS/FMS and accounting systems, it eliminates manual transfers, reduces errors, and gives real‑time cash‑flow visibility through web and mobile dashboards.
Funding
$500K 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.
SCFounders
Product
Problem
Freight logistics firms, brokers, and carriers spend extensive time and resources manually processing invoices, payments, and fuel card management, leading to delayed cash flow, high operational costs, and increased risk of errors and fraud.
Solution
TankPayments offers an end‑to‑end financial platform tailored to the freight industry that automates accounts payable and receivable, provides instant 24/7 funding, and integrates banking, fuel card, and treasury functions into a single system. AI‑driven workflows monitor remittance sources, trigger smart debtor outreach, and auto‑apply payments, while customizable business rules control risk and fee structures. The platform connects directly to existing TMS/FMS and accounting software, delivering real‑time visibility through web and mobile dashboards. Carriers receive dedicated Tank Accounts with VISA fleet cards, instant driver payroll, and hands‑free fuel advances, enabling faster cash flow and improved driver experience.
Target Audience
Primary customers are freight factors, brokers, logistics platforms, and trucking carriers that need to streamline payments, collections, and fuel financing within the trucking ecosystem.
Features
- Full AP/AR automation that links to TMS/FMS, external banks, and accounting platforms, eliminating manual transfers and errors
- AI‑powered receivables engine that monitors emails, portals, and bank activity, sends automated collection outreach, and auto‑applies payments to invoices
- 24/7 instant funding of carriers and drivers via Tank Accounts, with configurable risk controls and custom fee settings
- Integrated fuel card management, including instant top‑ups, cardless discount options, and 24/7 fuel advances tied to factoring relationships
- Real‑time payment protection, audit trails, and fraud‑prevention tools built into the platform
- Unlimited payout capacity with support for ACH, real‑time payouts, and automatic 1099 generation linked to QuickBooks
- Mobile and desktop access for dispatchers, accountants, and drivers, providing unified visibility and control over cash flow