Axle, a financial services platform for the freight and logistics industry, has completed a $10 million Series A round of funding led by Crosslink Capital.

This investment round includes participation from FJ Labs, Flexport, Tribeca Early Stage Partners, Ron Suber (fintech investor), Jett McCandless (founder, Project44), Michael Mook (CEO, Fundopolis; principal, Big Plan Holdings), Darshan Somashekar (co-founder, EasyBib and drop.io), Mandeep Arora (founder, Cantaloupe), and Daniel Warner (SVP, sennder), as well as existing investors, Anthemis Group, Techstars, and Plug and Play Ventures.

Axle is helping freight intermediaries modernize their operations and optimize their cash flows. In addition to factoring invoices for its freight broker clients, Axle automates their carrier payments, invoicing, and collections, and integrates with preferred Transportation Management Systems and Accounting software programs to streamline their back-office.