Logislab

Logislab, founded in 2016 and headquartered in Seoul, South Korea, is a fintech company specializing in transportation logistics. The company has developed a platform that provides financial services leveraging its proprietary transportation database to assess the repayment ability of borrowers. This enables Logislab to offer clients payment-based cargo transportation options and an AI-powered settlement automation system.

The company's core services are designed to address the financial complexities of the middle-mile logistics market. Its main platform, CargoPay, facilitates freight bill payments and offers services like early payment to carriers. Logislab has also introduced the 'CargoPay Card,' a dedicated card for freight payment, and formed partnerships to enhance its service offerings, including integrating with accounting software for automated bookkeeping. Another key product is 'Cargo Manager,' a digital integrated operating platform for efficient transportation management.

Logislab's business model focuses on the digital transformation of the logistics industry by integrating IT, finance, and transportation. The company generates revenue through its suite of fintech and logistics software solutions. It has secured strategic investments from firms such as KB Capital Company, SK Energy, and NVC Partners. Key milestones include launching the CargoPay platform in 2016, reaching a cumulative transaction volume of 50 billion won by August 2018, and securing a strategic investment from SK Energy in March 2021.

Keywords: transportation logistics, fintech, freight payment, supply chain finance, logistics software, settlement automation, cargo management, middle-mile logistics, carrier payments, data-driven finance, fleet management solutions, logistics automation, CargoPay, Cargo Manager