The Logistics of Logistics REPOST: Financial Predator vs Partner with Bharath Krishnamoorthy
Bharath Krishnamoorthy and Joe Lynch discuss financial predator vs partner. Bharath (“B”) is CEO and Co-founder of Denim, an all-in-one financial services platform rapidly disrupting the $250 billion freight intermediary market.
About Bharath KrishnamoorthyBharath Krishnamoorthy is CEO and co-founder of Denim, a freight financial partner that processes over $1 million daily. Recognized for its innovation, Denim was named in the FreightTech100 by FreightWaves. As CEO, Bharath leads Denim’s overall business strategy and fundraising efforts, which have supported the company’s rapid growth and resulted in $165 million in funding. An alumnus of Columbia Law School and James Madison University, Bharath formerly practiced mergers and acquisitions law before launching Denim with longtime business partner and friend Shawn Vo.
About DenimFast, simple, and secure payment transactions for freight brokers, carriers, and shippers. Denim is the go-to freight payment system for freight brokers and fleets, processing over $1 million in payments daily. Logistics companies rely on our proprietary technology to streamline financial operations and access working capital. We automate invoicing, collections, and payments, reducing freight broker tasks by 75%. Our factoring solution is transparent and flexible, free from hidden fees or long-term contracts. Clients decide which loads to factor and their payment schedule, giving them full financial control. With an open API, Denim integrates smoothly with ten leading TMS platforms.
Key Takeaways: Financial Predator vs Partner- When it comes to factoring and payments in the freight brokerage space, there are a lot of financial predators.
- Financial predators take advantage of freight brokers by charging hidden fees, unscrupulous UCC lien practices, and forcing brokers to factor all invoices rather than just the ones they want factored.
- Additionally, many of the financial predators do not provide data analytics or financial reporting like Denim does.
- Bharath and the Denim team are a true financial partner to the freight brokers they serve.
- Denim is a factoring provider and freight payment system specializing in freight broker operations.
- They help brokers easily access the working capital they need to grow in a competitive market through freight software that provides factoring, automated invoicing, collections, and payments.
- Denim customer get a seamless integration of financing and payment services.
Bharath Krishnamoorthy | LinkedIn
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