DAT redefines freight payments with Outgo acquisition
Outgo is a financial technology company and factoring service that automates invoice payments and other back-office functions for trucking companies. The acquisition reinforces DAT’s commitment to helping freight carriers find the best loads, book them quickly, and get paid almost instantly—all in one place.
“Cash flow is the lifeblood of small carriers, and at the heart of any great high-trust marketplace is the payment connection between the buyer and seller,” said
Outgo automates broker setup, invoicing, factoring, and collections without long-term contracts or minimums. It commits to settling approved unpaid invoices within four hours, with many processed in as little as 15 to 90 minutes.
Going forward, carriers on DAT One will have access to Outgo’s AI-powered payment services. Any load posted to the DAT network with a blue checkmark is eligible for factoring, so carriers can feel assured that they’ll get paid quickly.
“Acquiring Outgo paves the way for DAT to embed payments and financial services into our DAT One freight platform,” Clementz said. “We can bring more value to our customers and build on our position as the industry’s most trusted marketplace by offering a smarter, faster path to payment that’s fully integrated into the customer’s workflow.”
“We're relentlessly focused on transforming how carriers get paid so it's faster, more flexible, and puts them in control of their finances," said
Outgo was launched in 2022 by senior leaders from transportation technology companies, including Uber and Convoy. Outgo will operate from its
Outgo will continue to provide customer support through multiple channels, with user-friendly tools both on the web and on its app.
“By combining the Outgo team’s deep payments expertise with DAT’s award-winning customer support and freight match knowledge, customers can get the support they need to find work and get paid, all in one platform,” Womack said.
For more information about DAT One and factoring with Outgo, visit Outgo.com/dat.
About Outgo
Outgo is a modern payments platform for freight. Outgo has rebuilt factoring to put the carrier first, and bundles banking and factoring to make funds instantly available. Founded by former executives at top transportation companies, the company was launched in 2022 and is headquartered in
Outgo is a financial technology company and not a bank. Banking services provided by
About DAT Freight & Analytics
DAT Freight & Analytics operates DAT One, North America’s largest truckload freight marketplace; DAT iQ, the industry’s leading freight data analytics service; and
Founded in 1978, DAT is a business unit of
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Source: DAT Freight & Analytics
