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Denim celebrates $2 billion in payments processed—what this milestone means for the freight community

Denim processes $2B+ in freight payments, empowering brokers and carriers with faster cash flow, streamlined ops, and industry-leading innovation.

8 Nov
2024
3
min read

Denim hit a major milestone this quarter: over $2 billion in payments processed for brokers, shippers, and carriers across the country. With hundreds of broker and fleet customers trusting Denim, this milestone isn’t just a number; it’s a symbol of Denim’s commitment to making the freight industry’s cash flow smoother and faster.

Denim’s mission has always been to support freight businesses by getting money moving faster and removing roadblocks in day-to-day operations. And with this $2 billion mark, it’s clear that Denim is helping to create real change in the industry.

Continuous innovation that makes a difference

This past year, we didn’t just sit around—we kept pushing forward and made real progress. Denim’s team has rolled out over 574 individual improvements to the platform and joined forces with 6 new integration partners to make the platform even more powerful for our customers. We know the freight industry faces unique challenges, so every enhancement we’ve made is designed to save time, cut down on manual tasks, and put brokers in control of their finances.

Real results that matter

So what does Denim’s impact look like on the ground? Here’s how Denim is making a difference for brokers and carriers every day:

Faster payments: Denim customers see payments come in faster, with an average Days Sales Outstanding (DSO) of 30 days—10 days quicker than the industry average. That’s money they can reinvest in their businesses right away.

Extra revenue from QuickPay: Denim’s QuickPay feature has always been free to use, and now it’s even more powerful. Customers can now import carrier QuickPay preferences directly from vetting programs like MCP and Highway, making it simple to set up and manage fee programs tailored to their needs. Since its launch just a few months ago, QuickPay has already helped Denim customers generate an additional $75,000 in revenue.

Growing while the industry shrinks: Despite the worst freight recession in history, Denim’s customers have seen a 65% volume increase in the last year. We’re helping our customers stay strong and competitive regardless of market conditions.

Fostering better relationships in freight

Beyond the numbers, Denim has become a trusted partner in building stronger connections within the logistics community. Our platform equips brokers with the tools to pay carriers on time, a crucial factor in maintaining positive, long-term relationships. For fleets, Denim simplifies and streamlines back-office processes—handling invoicing, payment tracking, and paperwork—so they can dedicate more energy to what truly drives growth: building strong relationships with shippers. By reducing the day-to-day administrative burden, Denim allows brokers and fleets to focus on service quality and expansion while we ensure cash flow remains steady and operations run smoothly.

“Reaching this milestone shows just how much of a difference we’re making for our customers. Our mission is simple: help brokers and carriers succeed, no matter the market. And we’re just getting started”

Bharath Krishnamoorthy, Denim CEO

Summary

Looking ahead

This $1 billion milestone is only the beginning. Our vision for the future is to create a more connected, efficient freight industry where financial operations don’t hold brokers back but push them forward. With more tools and integrations on the way, we’re excited to keep empowering brokers and carriers to thrive.

“Reaching this milestone shows just how much of a difference we’re making for our customers. Our mission is simple: help brokers and carriers succeed, no matter the market. And we’re just getting started,” said Bharath Krishnamoorthy, Denim CEO. 

With an eye on the future, we will keep driving innovation to help the freight industry succeed, one milestone at a time.

Be part of the change hundreds are experiencing

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