Trax Technologies, also referred to as Trax Group, Inc., delivers a cloud platform that audits, manages, and optimizes transportation spend for large shippers and logistics-focused enterprises. Its software aggregates freight invoices, validates charges, and offers analytics to drive cost savings and compliance. The company is deepening its product offering by integrating the TriumphPay payments network, which will let clients access streamlined, more secure payment capabilities directly within the Trax platform. Trax positions itself as a global leader in transportation spend management and freight audit, supporting shippers and carriers across multiple geographies. Former Trax president Josh Bouk has transitioned to TriumphPay, creating tighter operational alignment between the two businesses. While no specific revenue, customer, or user figures were disclosed, the partnership emphasizes Trax’s intent to expand its reach among enterprise shippers and enhance its end-to-end payment functionality.

Total raised

$30M

Funding rounds

4

Latest round

Equity

Latest activity

Jun 2023