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[Funding News] NJ-based Denim Secures $63Million in Warehouse Facility

Denim, a technology factoring partner for freight brokers, secures $63million in Warehouse Facility The funding was provided by Trinity Capital Inc. and Silicon Valley Bank (SVB).

Denim, a technology factoring partner for freight brokers, secures $63million in Warehouse Facility The funding was provided by Trinity Capital Inc. and Silicon Valley Bank (SVB).

The money will be used by the business to keep helping freight brokers with their operational and cash flow needs. It is a tech-enabled goods factoring partner that accelerates the flow of money and data, revolutionising the supply chain under the leadership of CEO Bharath Krishnamoorthy.

Read also – [Funding News] NYC-based Authentic Secures $11Million in Series A Round Funding

When goods brokers need working finance, the organisation provides quick access to it. Freight brokerages are able to monetize working capital and manage finance choices through their factoring solutions.

About Denim

Denim is a comprehensive financial services platform that is quickly upending the $250 billion freight intermediary industry. Freight brokers may streamline their financing operations and get the working capital they require to expand with ease thanks to their patented technology. Automating billing, receivables, and payments helps it provide a better overall customer experience. Denim is a remote-first business that Built In has recognised as a Best Place To Work.

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