“Can a vertical fintech platform become the financial operating system for domestic freight carriers and brokers by combining factoring, banking, and payments in one place inside the industry's largest marketplace?”
Founded in 2021 as a vertical banking and factoring solution for small-fleet freight carriers, Outgo set out to replace legacy freight-finance incumbents with transparent pricing, automated invoicing, and instant funding. Powered by Unit's BaaS infrastructure, it offered bank accounts, debit cards, and invoice factoring in a single platform. In 2024 it raised $15M (plus a $50M receivables credit facility from Upper90) and expanded to a broker-facing payments automation platform before being acquired by DAT Freight & Analytics, the industry's largest freight marketplace, to embed financial services directly into DAT's carrier and broker ecosystem.
Outgo discloses Unit as its banking provider, with TransPecos Banks as its sponsor bank, according to the Embedded Finance Index 2026.
Outgo does not disclose a bank charter of its own; its banking services are provided through TransPecos Banks.
Outgo moves money over ACH and Wire.
The Embedded Finance Index 2026 maps 6 layers in Outgo's stack: Money movement (ACH and Wire); Banking / BaaS (Unit); Card issuing (Unit); Card network (Visa); Lending (Invoice factoring, Receivables purchasing, Quickpay advances and Carrier wallet advances); Sponsor bank (TransPecos Banks).
Outgo is founded in 2021 and headquartered in Seattle, WA, USA.
Outgo has raised $18.4M in total (latest round: Undisclosed equity round, 2024).
Get a read on where your own stack stands against Outgo and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.