Trucker Path just lined up $30 million in debt to lend to the truckers on its platform


Trucker Path, a  three-year-old, Mountain View-based platform that helps connect drivers, brokers, shippers, and carriers, has just lined up $30 million in debt funding so it can start loaning some of those truckers money right after they deliver their freight.

It’s seemingly a win-win. It means truckers needn’t wait 30 to 60 days to get paid by the vendors who hire them. In the meantime, the loans are a new revenue opportunity for Trucker Path, which is charging its customers slightly more in interest than it’s paying its debt provider: Flexible Funding, a lower-flying, 25-year-old lending institution in San Francisco.

It’s the latest twist in the war to win over the hearts of the 1.6 million long-haul truckers in the U.S., a somewhat stunning 550,000 of whom are already…

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