Blume Global enters integration agreement with BasicBlock, expands cash flow for trucking companies

The integration allows Blume Global’s network of trucking customers to use BasicBlock for freight factoring services

Blume Global, the only supply chain orchestration platform uniting order orchestration, multimodal transportation management, end-to-end visibility and supplier relationship management, is integrating with BasicBlock, a leading financial technology company reshaping financing options for the trucking industry. The integration allows Blume Global’s network of trucking customers to use BasicBlock for freight factoring services at their disposal through Blume’s online platform.

Launched in 2018, BasicBlock, a startup accelerated by ZEBOX, has evolved from a simple trucking document capture tool to becoming a leading freight factoring company that has become a complete payment platform for trucking companies nationwide. Extending BasicBlocks’ services to Blume’s network will help trucking customers of any size, including companies with small fleets expand their cash flow, revenue as well as ensuring drivers are paid on time, every time.

Blume Global and BasicBlock were matched as a result of ZEBOX, initiated in 2018 by Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, a global player in sea, land, air and logistics solutions. ZEBOX facilitates the development of sustainable solutions by bringing together the world’s most innovative startups, industry leaders and ecosystem experts in supply chain, logistics, transport, and energy.

“Blume Global is dedicated to making technology accessible to every player in the supply chain, and the strategic partnership with BasicBlock aligns with that mission,” said Pervinder Johar, CEO of Blume Global. “ZEBOX is creating an environment for collaboration that is fostering change, and that is reflected in our integration with BasicBlock. We are proud to share a passion in creating sustainable innovation in the supply chain, logistics and mobility spaces and be a part of their roster of North American corporate partners.”

“ZEBOX is excelling in its goal to expand its American footprint to fund innovative startups in the logistics space on a global scale,” said Charley Dehoney, Vice-President of ZEBOX America. “With Blume Global’s success as a leader in the supply chain technology realm, the expertise they can share with ZEBOX’s network of startups is invaluable and testament to the power of collaboration.”

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