Truckstop Expands Freight Financial Solutions with Strategic Denim Acquisition

Getting paid faster, simplifying back-office work, managing cash flow just got easier for freight professionals. Truckstop is excited to announce our acquisition of Denim, a leading freight technology company specializing in factoring services and back-office automation. Together, we’re bringing faster payments, smarter financial tools, and streamlined operations for carriers and brokers across the industry.

Strengthening the Freight Financial Ecosystem

Cash flow challenges have always been one of the biggest hurdles in freight. By combining Truckstop’s established freight matching and carrier identity solutions with Denim’s cutting-edge financial technologies, the partnership creates a more comprehensive platform for freight professionals to manage their businesses efficiently and profitably.

Denim brings impressive technological capabilities to the table, with AI and automation investments that have resulted in industry-leading performance metrics. Perhaps most notably, 75% of payments are processed in under one minute – a game-changing improvement for carriers who struggle with lengthy payment cycles that can strain operations and limit growth opportunities.

What This Means for Carriers

For owner-operators and growing carriers, managing payments and operations can be time-consuming and unpredictability. This acquisition equips you with tools to speed up cash flow, cut costs, and reduce financial risk. The integration provides carriers with:

• Faster payments – get paid in under a minute for most transactions.
• Lower costs – reduce overhead with automated back-office processes.
• Less risk – access tools that improve financial visibility and management.
• Room to grow – scalable factoring solutions that evolve with your business.

Truckstop’s existing non-recourse factoring solution, already recognized for its transparency and carrier-first approach, will now be enhanced with Denim’s recourse factoring product and advanced automation technology, giving carrier more flexibility than ever.

What This Means for Brokers

The acquisition also significantly expands Truckstop’s ability to serve freight brokerages with Denim’s back-office automation platform. This technology streamlines complex financial processes, helps brokerages operate more securely, and reduces the administrative burden that can slow growth.

• More secure transactions: reduce risk with enhanced payment and fraud prevention tools.
• Less admin work: free up time with automated back-office processes.
• Faster carrier payments: improve carrier relationship with quick, reliable payments.
• More time to grow: focus on building relationships like scaling your brokerage.

Leadership Perspectives

Scott Moscrip, CEO of Truckstop, emphasized the strategic importance of addressing industry demands for profitability, efficiency, and security. “Carriers and brokers today are demanding tools to help them work more profitably, more efficiently, and more securely. With Denim, we can better deliver across all three of these priorities,” Moscrip stated.

Bharath Krishnamoorthy, CEO of Denim, highlighted the opportunity to bring their advanced financial tools to a broader market. “We have built 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,” Krishnamoorthy commented.

Looking Forward to Improved Freight Dynamics and Profitability

This strategic acquisition arrives at a crucial time for the freight industry, as carriers and brokers face increasing pressure to optimize operations while managing cash flow challenges. The combination of Truckstop’s market-leading platform with Denim’s innovative financial technology creates new opportunities for freight professionals to build more stable, profitable businesses.

For the broader freight community, this development signals continued investment in solutions that address real operational challenges. As the industry continues to evolve, partnerships like this one demonstrate how strategic acquisitions can deliver meaningful improvements in the tools and services that keep freight moving efficiently across the economy.

The integration of Denim’s capabilities into the Truckstop platform represents more than just a business acquisition – it’s an investment in the future of freight operations, where technology, financial solutions, and industry expertise combine to create better outcomes for everyone in the supply chain.

Click here to learn more about the acquisition.