TruckPay

Website

TruckPay, Inc.

4 Investors
Construction and Supply Chain Technology
TENAFLY, NJ

TruckPay, Inc. is a technology company that developed a comprehensive, cloud-based platform to modernize the earth-moving and bulk materials transportation industry. It replaces outdated paper ticket systems with a digital solution, providing transparency, accountability, and streamlined logistics and payments for all stakeholders. The platform serves as an end-to-end enterprise solution for managing logistics, from job bidding to final payment settlement.

Products & Team

TruckPay Platform

Logistics Management PlatformSeed

The TruckPay Platform is a cloud-based enterprise solution designed for managing all aspects of earth-moving and bulk material logistics. It digitizes the entire workflow, from job creation and dispatching to material tracking and payment, serving large infrastructure projects and independent owner-operators alike. Initially focused on eliminating paper tickets in the aggregates industry, it has evolved into a multi-currency, multi-lingual, and multi-metric fleet management logistics platform.

Value Proposition

The platform solves the significant industry problem of reliance on inefficient and fraud-prone paper tickets by providing a transparent, accountable, and streamlined system for managing logistics and payments among drivers, subcontractors, and construction companies.

Pain Points

Customers face challenges with inefficient, paper-based processes that lack transparency, are susceptible to loss or fraud, and create delays in payments and reconciliation. The platform addresses the need for real-time data, accountability, and streamlined financial settlement.

Electronic ticketing (E-Tickets) using QR codes to replace paper tickets for material tracking.Digital creation of Electronic Bills of Lading (E-BOLs) and E-Manifests for secure shipment verification.Real-time dispatching capabilities to manage logistical assets and adapt to changing conditions.Integration with electronic scales, allowing drivers to be weighed and receive electronic tickets without leaving their trucks.Support for multiple currencies, languages, and metrics to cater to a global market, including cryptocurrency payments.
Industry
Other Technology
Primary business sector
Founded
2025
Year established
Location
TENAFLY, NJ
Primary headquarters

Funding History

Total Raised:
$420.0K
E

Option to Acquire Offering

June 2024
$2.0M
Target
Progress
21%
Raised
$420.0K
Target
$2.0M
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