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“Carriers and brokers today are demanding tools to help them work more profitably, more efficiently, and more securely,” Moscrip said. (Truckstop and Denim)

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, a transportation-focused financial technology company and factoring service, to integrate financial automation with its freight platform.

The deal combines Denim’s payment and back-office technology with ’s freight-matching and carrier identity tools, a pairing the company says will improve liquidity, reduce business risk and strengthen operational stability for carriers and brokers.

, founded to provide financial tools tailored to the transportation industry, offers factoring, payment processing, accounts payable and receivable management, working capital solutions and back-office automation. Its platform emphasizes speed, with 75% of payments processed in under one minute, according to the company.

“Carriers and brokers today are demanding tools to help them work more profitably, more efficiently, and more securely,” Truckstop CEO Scott Moscrip said in a statement. “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.”

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Truckstop’s existing non-recourse factoring product has been described by the company as transparent and easy to use, with clear terms and no hidden fees. Denim brings a recourse factoring option and additional automation tools, which Truckstop said will allow customers access to faster payment choices, more flexible pricing and modernized service.

For owner-operators, the company said, Denim’s technology enhances Truckstop’s factoring services with quicker payments, automation tools for growing carriers, flexible pricing and customer service powered by advanced technology. The recourse factoring product and back-office automation platform also expand Truckstop’s ability to serve larger fleets and brokerages.

“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,” Denim CEO Bharath Krishnamoorthy said.

Performance Trust Capital Partners served as exclusive financial adviser to Denim, and Morrison & Foerster served as legal adviser.

Generative AI assisted in the creation of this article. At least two staff editors reviewed the copy before publication.