BravoTran
“Can a vertical AP/AR automation platform become the financial operating system for the world's freight forwarders on top of CargoWise?”
Founded2021
HQDeer Park, IL, United States (Chicago area)
FoundersMatt Bernstein
Total raised$2.8M (plus 2026 Arthur Ventures growth investment, undisclosed)
Latest roundGrowth investment led by Arthur Ventures (May 2026)
IndustryVertical SaaS / Freight Forwarding (AP Automation)
The story
BravoTran was founded in 2021 as a spinoff from HubTran, which had been acquired by TriumphPay/Triumph Bancorp for ~$97M. A small team led by Matt Bernstein carried HubTran's OCR+workflow tech into freight forwarding — a vertical too niche for TriumphPay's factoring/brokerage focus. The company is a vertical AP-automation SaaS tightly integrated with CargoWise, and has since extended into vendor payments (Statements & Payments) and, via the 2025 Keystroke.io acquisition, invoicing/AR.
Product timeline
2021
BravoTran spins out of HubTran (post-TriumphPay acquisition) to bring AP automation technology to freight forwarders· pivot
2023
Payables product scales via CargoWise integration to process invoices and post accruals automatically· product
2024
Launches Statements & Payments product covering reconciliation and vendor payment scheduling· product
2025
Acquires Keystroke.io to add invoicing (AR) automation for freight forwarders· acquisition
2026
Secures growth investment from Arthur Ventures; serves 340+ customers across 55 countries· funding
Acquisitions
The stack
1 layer disclosed in BravoTran’s embedded-finance stack
Accounting
CargoWise
Accounting gap: none