Create a free Overdrive account to continue reading

Roadsync payments platform at $100M milestone

Updated Jul 3, 2019

RoadSync is a digital payment platform for the logistics industry, including trucking, allowing money to flow quickly and securely between freight handlers and owner-operators, trucking companies and truck repair shops, brokers and other combinations therein. The company recently said it had reached the $100 million milestone in payments processed since its platform’s launch just two years ago.

Founded with a goal of reducing payment processing time and maximizing revenue collection, as with some other mobile-payment applications geared toward trucking the platform allows customers to:

“Moving away from paper payments to using the RoadSync platform has saved us both time and money,” said Jay Klika, general manager at Interstate Warehousing. “We can focus more on drivers rather than spending time on the phone getting payments authorized and processed.”

RoadSync’s goal is to build out the platform for the entire industry and will be announcing new features in the second half of 2019.