Outgo is a venture-backed fintech offering an all-in-one vertical banking solution for freight carriers. Its platform automates broker setups, invoicing, factoring, collections, accounting, and tax services without contracts or minimums, enabling carriers to lower financing costs and manage finances in one place. Launched in 2022 by former Uber and Convoy executives Marcus Womack, Ray Fortna, and Mike Bohlander, Outgo is headquartered in Seattle. The company emerged from stealth with $3.4M in funding led by Neo and PSL Ventures and plans to use the capital to continue hiring, scale product offerings, and expand partnerships. Backers also include Bezos Expeditions and several industry angel investors such as Dan Lewis, Jason Droege, and Jason Davis. Outgo operates as a fintech (not a bank); its banking services and Visa debit card are provided by Blue Ridge Bank, N.A., and the company emphasizes cost savings and simplicity for owner-operators and small carriers.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2022