Silo offers a technology-driven system of record that streamlines both logistical and financial workflows for wholesale produce distributors and shippers. Its platform includes products such as Silo Instant Pay and Silo Credit Line, which enable users to access seamless, automated working capital in order to expand product lines, win new customers, and improve margins. The company leverages extensive industry data to underwrite and deliver cost-effective lending, giving customers the ability to pay suppliers upfront and unlock a fly-wheel effect on growth. Silo positions itself as a differentiated capital provider for an industry that typically operates on slim margins and struggles with traditional financing options. By integrating software, financial tools, and industry connections, Silo aims to equip businesses across the produce supply chain to thrive even in a rising-rate environment. The newly announced financing facility significantly enhances its capacity to extend credit and instant payment solutions to a broader customer base. No operating metrics or revenue figures were disclosed in the article.

Total raised

$244M

Funding rounds

5

Latest round

Debt Financing

Latest activity

Jul 2023