Outgo

Outgo Inc is a financial technology company dedicated to revolutionizing the $400 billion US freight market. Unlike traditional banks, Outgo provides a comprehensive suite of financial products and services specifically designed for freight businesses. Banking services are facilitated through partnerships with Blue Ridge Bank, N.A. and TransPecos Banks, SSB, both members of the FDIC, ensuring that funds on deposit are insured up to $250,000.

Outgo's core offerings include smart factoring, which allows freight companies to receive immediate payment on their invoices, eliminating the typical wait times associated with traditional invoicing. The platform also features no-fee ACH transfers, $20 wire transfers, and minimal fees for ATM usage and international transactions.

The Outgo app enables business owners to manage their finances from anywhere, providing a seamless and efficient way to conduct business on the go. The platform securely stores and organizes all invoices and load documents, automatically collecting key details such as load number, miles, and pickup and drop-off locations.

Outgo operates on a business model that includes both one-time flat fees and monthly commissioned payments of 10% of factoring earnings. This flexible payment structure allows clients to choose the option that best suits their financial needs.

The company serves freight carriers and other stakeholders in the freight industry, offering tailored financial solutions that help streamline operations and improve cash flow. Backed by a group of A-list investors, Outgo is committed to shaking up the industry and providing a better financial road ahead for its clients.

Keywords: financial technology, freight market, smart factoring, ACH transfers, invoice management, secure storage, tailored solutions, cash flow, mobile app, FDIC insured.