From Yahoo Finance: 2025-05-16 11:44:00

DAT Freight & Analytics acquired Outgo, a factoring and fintech provider, to revolutionize payment processes in the freight industry. With Outgo’s technology integrated into DAT One, carriers can now get paid within hours, improving liquidity and flexibility for small carriers and owner-operators.

Outgo, founded in 2022 by former Uber and Convoy technologists, offers a unique “fractional factoring” model that allows carriers to factor only what they need, when they need it. This disrupts traditional carrier-factoring relationships that often involve long-term contracts or minimums, giving carriers more control over their finances.

DAT CEO Jeff Clementz sees the integration of Outgo as part of the company’s vision to create a smarter, more connected logistics marketplace where load matching, compliance, visibility, and now payments are all housed under one roof. This move aims to enhance efficiency and security within the freight industry.

Brokers that meet Outgo’s qualification standards will receive a “blue check,” indicating their loads are eligible for near-instant payment processing. This badge not only improves carrier trust and load prioritization but also enhances security in an industry susceptible to fraud and delayed payments.

The acquisition of Outgo by DAT expands the growing market in freight fintech, with Triumph Financial also leveraging fintech solutions to bring more value to its customers. Triumph Financial recently acquired Isometric Technologies and Greenscreens.ai to build its own freight intelligence and payments ecosystem, aiming to enter the load matching space dominated by DAT.

Read more: DAT acquires Outgo, enters race to become dominant freight exchange platform