PayCargo, a fintech for the freight industry, raises $130MSouth Florida Business News – Local South Florida News | The South Florida Business Journal

PayCargo is entering growth mode after raising $130 million in new capital.

The Coral Gables startup’s series C financing round was backed by Blackstone, an investment firm with $915 billion in assets under management. That funding will make it possible for PayCargo to develop new products and expand both domestically and internationally.

In a statement, PayCargo CEO Eduardo Del Riego said the partnership “lays an important role in furthering our commitment to transforming the movement of goods…

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