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UPS

“Can the world's largest parcel network monetize the financial workflows (insurance, trade finance) that sit on top of every shipment?”

Founded1907
HQAtlanta, GA, United States
FoundersJames E. Casey, Claude Ryan
Latest roundPublicly traded (NYSE: UPS)
IndustryLogistics / Parcel delivery

The story

UPS evolved from a Seattle bicycle-messenger service into the world's largest parcel delivery company, moving ~22M packages per day across a fleet of 500+ planes and 100,000+ vehicles. Its embedded-finance footprint is limited: UPS Capital Insurance Agency operates InsureShield as a shipping-insurance product, but UPS has not built a broader BaaS, card, or lending business.

Last 12 months

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Product timeline

1907

James E. Casey founds the American Messenger Company in Seattle, the predecessor to UPS.· founding

1998

UPS Capital established as the financial services arm offering trade finance and cargo insurance products.· banking

1999

UPS IPO on the New York Stock Exchange.· ipo

The stack

1 layer disclosed in UPS’s embedded-finance stack

Insurance

UPS Capital Insurance Agency (in-house)

Accounting gap: none

UPS — frequently asked

Which insurance provider does UPS partner with?

UPS's embedded insurance is provided by UPS Capital Insurance Agency (in-house).

Who founded UPS?

UPS was founded by James E. Casey and Claude Ryan and is founded in 1907, headquartered in Atlanta, GA, United States.

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