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About Bestpass
Industries
Automotive & Transportation
Company Size
51-200
Company Stage
Growth Equity (Venture Capital)
Total Funding
$19.1M
Headquarters
Town of Colonie, New York
Founded
2001
Overview
Bestpass provides toll management solutions for commercial fleets in the United States, helping businesses like trucking companies manage their toll expenses more efficiently. The service includes providing transponders, consolidating toll charges into a single invoice, and offering online reporting tools, which save clients time and money. Bestpass stands out by ensuring its transponders are accepted on all major U.S. toll roads and by having partnerships with various tolling authorities. The company's goal is to reduce the administrative burdens and costs associated with toll payments, allowing clients to focus on their core operations.
Simplify's Take
What believers are saying
- Acquisition of Drivewyze enhances Bestpass's safety and compliance solutions for fleets.
- Integration with Geotab offers advanced toll data analytics and reporting features.
- Recognition as a FreightTech 25 company boosts Bestpass's industry reputation.
What critics are saying
- Emerging startups in toll management could threaten Bestpass's market share.
- Data privacy concerns may arise from integration with telematics systems like Geotab.
- Acquisitions may lead to integration challenges, affecting service continuity.
What makes Bestpass unique
- Bestpass offers 100% coverage on major U.S. toll roads for seamless transactions.
- The company integrates toll and telematics data for enhanced fleet management insights.
- Bestpass provides a single invoice system, simplifying toll expense management for fleets.
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Funding
Total Funding
$19.1M
Above
Industry Average
Funded Over
0 Rounds
Benefits
Flexible Work Hours
Paid Vacation
401(k) Retirement Plan
401(k) Company Match
Wellness Program
Employee Referral Bonus
Company News
/PRNewswire/ -- Bestpass-Fleetworthy Solutions, the leader in toll management, safety, and compliance solutions, today announced it has acquired Drivewyze, the...
ALBANY, N.Y., March 26, 2024 /PRNewswire/ -- Bestpass, Inc., the leader in toll management solutions and major innovator in safety and compliance solutions for commercial fleets, today announced two key additions to its leadership team. Bestpass is pleased to welcome Shay Demmons as Chief Product Officer and Scott Chao, as Chief Marketing Officer. These strategic hires will aid in Bestpass' commitment to scale its service offerings and network integrations for commercial fleets and owner operators."We're thrilled to have Shay and Scott join the team at Bestpass," said Tom Fogarty, CEO of Bestpass. "We set out to build out our Innovation and Growth teams by attracting accomplished leaders as our first C-Level executives in Product and Marketing. Scott and Shay bring extensive and dynamic work experience, both in and outside the transportation industry. As we continue to grow the Bestpass brand and bring forth new solutions for our customers, I am confident that their leadership will play a pivotal role in driving our success."Chao joins Bestpass as CMO with deep experience in growing companies through strategy and transformational improvements
Toll management solutions provider Bestpass is working with telematics creator Geotab to help commercial fleets better manage and monitor tolls to reduce expenses.
Geotab customers using Bestpass can now access new toll activity data and reporting features through a single interfaceALBANY, N.Y., Feb. 7, 2024 /PRNewswire/ -- Bestpass, Inc., a comprehensive payment platform provider and the leader in toll management solutions for commercial fleets, today announced a new integrated offering within the Geotab ecosystem that will enable Bestpass customers access to first-of-its-kind toll data and reporting tools in their Geotab account. Geotab, a global leader in connected transportation solutions, provides telematics – vehicle and asset tracking – capabilities to over 50,000 customers in 160 countries. The integration will allow fleets and owner operators the ability to gain new insight into toll activity to more effectively manage tolls and identify opportunities to reduce toll expenses.Bestpass LogoAccording to David Long, Head of Product at Bestpass, the company developed its Toll Genius data reporting system to integrate with telematics providers, such as Geotab, to enable Bestpass to synchronize and share toll and telematics data through a single interface.With this integration, Bestpass customers can leverage accurate vehicle data and GPS location through Geotab and match that information with toll charges received from their Bestpass account via the MyGeotab interface. If there's a discrepancy between vehicle GPS location and the toll a vehicle received, it's reported. This feature makes it easier for customers to identify and investigate the issue, dispute an inaccurate toll charge or violation, and reduces the risk of disputes over toll charges with drivers and customers.The integration also has a new toll activity reporting feature that shows a high-level heat map that allows fleets to identify hot spots for toll spend
/PRNewswire/ -- Bestpass, the leading toll management and payment platform for commercial vehicles, announced today that it has acquired Fleetworthy Solutions,...
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About Bestpass
Industries
Automotive & Transportation
Company Size
51-200
Company Stage
Growth Equity (Venture Capital)
Total Funding
$19.1M
Headquarters
Town of Colonie, New York
Founded
2001
Bestpass is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today