Rocket Fuel Recharge
Rocket Fuel Recharge Inc.
Rocket Fuel Recharge Inc. is a financial technology startup providing a Software as a Service (SaaS) platform for the logistics industry. The company addresses critical cash flow challenges for third-party logistics (3PL) companies by offering a prepaid metering system, which prevents 3PLs from having to front large sums for client shipping costs. The platform also enables 3PLs to generate new revenue streams through rate markups and prevent losses with automated auditing.
Products & Team
RocketFuel Parcel Recharge Platform
The core product is a prepaid metering system that operates on a SaaS model. It requires the customers of 3PLs to fund their shipping balance in advance, which eliminates the financial strain on the 3PL to cover large shipping costs upfront before being reimbursed.
The platform solves the significant cash flow problem for 3PLs caused by fronting shipping costs, particularly during high-volume peak seasons. It also creates a new revenue stream by enabling 3PLs to add markups to parcel rates and prevents revenue loss through automated auditing.
Primary customer problems include strained cash flow from fronting client shipping expenses, lost revenue from unbilled carrier adjustments and chargebacks, and the manual effort required for accurate billing reconciliation and claims management.