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Overview
Outgo is a financial technology company serving the freight industry. It provides a suite of financing and banking services tailored to freight businesses, including smart factoring that lets carriers get paid immediately on invoices, and no-fee ACH transfers with higher-cost options like $20 wire transfers. Banking is offered through FDIC-insured partner banks, giving deposits insurance up to $250,000. The Outgo app lets business owners manage finances on the go, securely storing and organizing invoices and load documents and automatically capturing details such as load numbers, miles, and pickup/drop-off locations. The company’s revenue comes from a mix of one-time flat fees and a monthly commission equal to 10% of factoring earnings, offering flexible payment options. Outgo aims to improve cash flow, streamline operations, and simplify financial tasks for freight carriers and related stakeholders, backed by notable investors.
About Outgo
Industries
Fintech
Financial Services
Company Size
11-50
Company Stage
Debt Financing
Total Funding
$68.4M
Headquarters
Seattle, Washington
Founded
2016
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Simplify's Take
What believers are saying
- DAT said June 20, 2025 Outgo is fully operational through DAT One.
- Outgo’s June 28, 2026 blog claims industry-leading funding speeds and continued product momentum.
- The May 2025 DAT acquisition gives Outgo distribution across freight marketplace users.
What critics are saying
- June 10, 2025 Georgia injunction exposed DAT’s noncompete breach and forced Outgo shutdown.
- Outgo depends on DAT’s platform; another adverse ruling could eliminate its U.S. factoring business.
- Freight fintech giants like OTR Solutions and Triumph target faster carrier payments relentlessly.
What makes Outgo unique
- Outgo embedded freight factoring inside DAT One, combining marketplace data with payments.
- June 2025 court filings highlighted Outgo’s automated invoice verification and four-hour funding speed.
- Outgo’s bank partnerships with Blue Ridge Bank and TransPecos Bank support FDIC-insured deposits.
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Funding
Total Funding
$68.4M
Above
Industry Average
Funded Over
3 Rounds
Growth & Insights and Company News
6 month growth
↓ -5%1 year growth
↑ 0%2 year growth
↓ -2%Load board and data company DAT has been told to stop its factoring operations In a decision handed down Thursday afternoon. Introduction to the Case On June 10, 2025, the Superior Court of Cobb County, Georgia, granted emergency relief to OTR Capital, ordering DAT Solutions to suspend operations of its Outgo subsidiary and comply with a 2021 non-compete agreement. The court found that OTR was likely to succeed in its claims and faced “a substantial threat of irreparable harm” without immediate judicial intervention. The dispute alleges that DAT Solutions breached non-compete and confidentiality provisions by acquiring Outgo, Inc., a factoring service provider competing directly with OTR in the transportation sector. The court’s emergency order requires DAT to cease competitive actions through Outgo and stop using a “blue checkmark” on its digital platforms. Background of the Relationship Between OTR and DAT Before the dispute, OTR and DAT maintained a cooperative business relationship
Lastly, CCS Logistics, Inc is excited to announce its acquisition of Outgo.
DAT Freight & Analytics has acquired Outgo Inc., adding fast, transparent payments to the industry’s largest freight marketplace. Outgo is a financial techno...
The freight industry has long relied on factoring to ensure carriers get paid quickly. Despite its consistent presence in the industry, however, the factoring landscape hasn’t seen many meaningful changes since its inception. Payments still regularly get held up on the way to carriers, with banking transfers often causing frustrating delays. This is especially true during weekends and holidays, when a transaction that should take minutes can stretch into days.“Our financial system has a number of bottlenecks, and transfers between banks are one of the most painful for small businesses,” explains Marcus Womack, CEO of Outgo. “When a factoring company sends money to a carrier, funds can get hung up between banks for days. If you actually want to deliver on the dream of instant payments, you have to bring banking1 and factoring together.”Combining banking infrastructure with automation and A.I. enables instant paymentsOutgo has invested heavily in technology in order to eliminate common funding delays
Ask a room of logistics executives if AI and automation will help their business, and the vast majority will say yes. Ask a group of truckers, and you might face more skepticism. Outgo believes it has found a way to use these transformational technologies to make lives easier for carriers: That’s by fixing factoring.“Discussions about AI and trucking focus too much on the impact for large enterprises – for example a cost-cutting initiative at a big shipper,” said Marcus Womack, CEO of Outgo. “We looked at it differently: What if AI and automation could radically improve the financial side of running a trucking business? The first step is reinventing factoring to be faster, a better value for truckers and more tailored to their financial needs.”Outgo believes that traditional factoring has failed to deliver for carriers. Factoring has relied on outdated processes and technology to get truckers paid. Today’s factoring companies continue to run hundreds of manual processes, from confirming loads by calling brokerages one by one to reviewing documents by hand. This is time-consuming and expensive, while creating numerous opportunities for human error.That harms carriers in two ways
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About Outgo
Industries
Fintech
Financial Services
Company Size
11-50
Company Stage
Debt Financing
Total Funding
$68.4M
Headquarters
Seattle, Washington
Founded
2016
There are no jobs for Outgo right now.
Find jobs on Simplify and start your career today