Updated:
PayCargo
PayCargo is a logistics payment platform serving the Ocean, Air, Trucking, and Rail industries. It offers a system for instant cargo release and facilitates...
PayCargo
PayCargo is a logistics payment platform serving the Ocean, Air, Trucking, and Rail industries. It offers a system for instant cargo release and facilitates payments to a network of multimodal vendors. Founded in 2007, PayCargo is based in Coral Gables, Florida.
General information
Firm type
Asset Manager
Year founded
2007
Location
Region
North America
Country
United States
City
Coral Gables
Corporate office
Coral Gables, FL, United States
Additional offices
Madrid, Spain · Sydney, Australia · Hong Kong · Dubai, United Arab Emirates
Principals
Eduardo Del Riego
President & Chief Executive Officer
Juan C. Dieppa
Chief Operating Officer
Adriaan Reinders
Chief Executive Officer, PayCargo International
Ryan Hinkle
Insight Board Director
Sector focus
Frequently asked questions
Who runs investment decisions at PayCargo?
PayCargo is an operating company, not an investment firm. Strategic and capital-allocation decisions are led by President and CEO Eduardo Del Riego and the executive team, with oversight from a board that includes Ryan Hinkle of Insight Partners and former Joint Chiefs Chairman Admiral Michael Mullen.
How does PayCargo make money?
PayCargo generates revenue through transaction fees on payments processed across its network and from platform subscription fees. It is not an asset manager and does not earn carried interest or management fees. The company positions itself as the digital utility that enables cargo release, charging for the speed, compliance and audit trail it provides.
Is PayCargo a single-family office or a venture capital firm?
Neither. PayCargo is a privately held fintech and logistics operating company. It has raised institutional venture capital — including a Series C round led by Blackstone — but its business is operating a payments and automation platform for global freight, not deploying a pool of family or LP capital into third-party investments.
How is PayCargo related to the Blackstone Group?
Blackstone led PayCargo’s Series C funding round, making it an institutional investor in the company alongside Insight Partners. The relationship does not make PayCargo a portfolio company managed by Blackstone’s investment teams; Blackstone holds a minority equity stake and does not control day-to-day operations.
What is PayCargo’s known posture on partnerships alongside external logistics providers?
PayCargo partners with established logistics operators rather than competing with them. Its platform integrates with carriers, terminals, and freight forwarders — including American Airlines Cargo and ECU Worldwide — to accelerate payment-to-release workflows. The firm treats these operators as distribution and utility partners, not adversaries.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on asset managers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: