truckstop.com acquired Denim, a transportation-focused financial technology company that automates invoicing, reduces time-to-cash, and optimizes back-office processes.
This strategic acquisition helps both carriers and brokers make their freight businesses more secure and easier to manage.
"We are incredibly excited to welcome Denim to the truckstop.com family," says Scott Moscrip, CEO of truckstop.com. "Carriers and brokers today are demanding tools to help them work more profitably, more efficiently, and more securely. With Denim, we can better deliver across all three of these priorities. We’re excited for our carriers and brokers who will experience improved cash flow, lower operating costs, and reduced risk.”
"Joining forces with truckstop.com is a huge win for carriers and brokers. We innovated a best-in-class tool for enabling faster payments and automating complex financial processes, and we’re excited to be able to bring this value to the industry at scale,” adds Bharath Krishnamoorthy, CEO of Denim.
Key takeaways:
· By integrating Denim’s innovative financial technologies into truckstop.com's freight matching and carrier identity solutions, the combined entity will enhance operational stability, improve liquidity, and reduce business risk for carriers and brokers alike.
· For owner-operators, Denim enhances truckstop.com’s existing factoring offering with faster payments, access to back-office automation tools designed for growing carriers, more flexible pricing, and customer service powered by advanced, modern technology.
