BusBot
VerifiedUSD | 2023 |
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Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Date | Investors | Amount | Round |
---|---|---|---|
* | N/A | $25.9m | Late VC |
Total Funding | 000k |
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EditAxle, accessible at busbot.us, is a specialized financial service provider catering to small freight brokers. The company offers an integrated solution for payments, collections, and financing, designed to streamline the back-office operations of its clients. By handling invoicing, collections, and carrier payments, Axle allows freight brokers to focus on growing their business rather than getting bogged down by administrative tasks.
Axle's primary clients are small freight brokers who need efficient cash flow management and reliable payment processing. The company operates in the freight and logistics market, a sector that often faces challenges related to delayed payments and complex financial transactions. Axle addresses these issues by offering QuickPay services, which enable brokers to attract top carriers by ensuring fast payments.
The business model of Axle revolves around providing financial liquidity and operational efficiency to its clients. The company advances up to 90% of the invoice amount within 24 hours of verification, significantly improving cash flow for freight brokers. This rapid payment system is facilitated through an easy-to-use online dashboard where clients can upload their documents. Axle's system then verifies the information and sends invoices to the customers, ensuring a seamless process.
Axle makes money by charging fees for its financial services, although it notably does not impose ACH fees, QuickPay fees, termination fees, or require long-term commitments. This fee structure makes it an attractive option for small freight brokers who need flexible and cost-effective financial solutions.
In summary, Axle is a financial partner for modern freight brokers, offering a comprehensive suite of services to manage payments, collections, and financing. By improving cash flow and simplifying back-office operations, Axle helps its clients focus on business growth.
Keywords: Freight Brokers, QuickPay, Cash Flow, Invoicing, Collections, Financing, Payments, Logistics, Small Business, Financial Services.