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Denim
A financial enablement platform for the logistics industry that offers an ecosystem of intelligent financial products, operations tools, and time-saving automation
About Denim
Denim.com is a technology startup that operates in the financial sector, specifically catering to freight brokers. The company provides a comprehensive suite of financial tools designed to streamline and simplify the financial operations of its clients. These tools include automated invoicing, collections, and payments, which can reduce daily freight broker tasks by up to 75%.
Denim's primary offering is a proprietary technology platform that enables freight brokers to take control of their business with simplified financing solutions and freight bill audit. This platform is designed to modernize the brokering of freight with transparent finance tools. The company's technology also allows for easy integration with popular Transport Management Systems (TMS) and QuickBooks, providing a seamless experience for its users.
The company's business model is based on providing factoring services, a financial transaction where a business sells its accounts receivable (invoices) to a third party (called a factor) at a discount. This allows the business to access working capital immediately, rather than waiting for customers to pay their invoices. Denim's factoring services are more than just financing, they provide a pathway to growth for freight brokers.
Denim's clients include successful brokers, carriers, and third-party logistics providers (3PLs), who trust the company for their factoring needs. The company prides itself on its ability to help its partners optimize their back office, boost revenue, and compete on a larger scale.
Source: Dealroom company dataAt a glance
- Founded
- 2019
- Headquarters
- Jersey City, United States
- Sector
- Fintech
- Power Law
- Colt$25–100M revenue
Knowledge graph
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed5 investors entered at this stage
Trucks Venture Capital
Techstars
Fontinalis Partners
Plug and Play
37 Angels
Series A14 investors entered at this stage
Anthemis Group
Crosslink Capital
Flexport
FJ Labs
Tribeca Early Stage Partners
EasyBib
Ron Suber- DSDarshan Somashekar
Jett McCandless- DWDaniel Warner
- MMMichael Mook
- MAMandeep Arora
Pelion Venture Partners
Refashiond
Series B and later2 investors entered at this stage
Trinity Capital
Silicon Valley Bank
Source: Dealroom Talent Intelligence.
Global footprint
across markets
Market sentiment
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