DAT Freight & Analytics, one of the most recognized freight marketplaces in North America, has officially acquired Seattle-based fintech startup Outgo in a strategic move aimed at enhancing the financial services it offers to freight carriers. Though financial details of the acquisition were not disclosed, the deal marks a major milestone in the intersection of logistics and financial technology, further solidifying DAT’s position as an industry leader in carrier support and digital freight solutions.
Founded in 2022, Outgo quickly emerged as a disruptor in the freight finance space by offering an all-in-one platform that helps trucking companies manage and accelerate cash flow. Outgo’s suite of tools includes streamlined invoice processing, direct payment collection, and flexible factoring services—all of which are uniquely tailored to the needs of small to mid-sized carriers. What sets Outgo apart is its no-annual-contract approach, providing transparent, user-first financial services in a traditionally rigid and slow-moving sector.
Outgo raised more than $19 million in funding before the acquisition, attracting attention from investors and freight industry stakeholders alike. The company’s co-founders—CEO Marcus Womack, Mike Bohlander, and Ray Fortna—are all veterans in the technology and logistics sectors. Womack previously held leadership roles at Uber, while Bohlander and Fortna were principal software engineers at Convoy. The trio also collaborated at tech ventures like iLike and Familiar, which were successfully acquired by major players in the past, demonstrating a consistent track record of innovation and execution.
As part of the acquisition, Outgo will continue to operate from its Seattle headquarters and retain its team of approximately 30 employees. CEO Marcus Womack and the leadership team will remain in place to guide the integration process and continue scaling the fintech services under the DAT brand. This move is designed to preserve Outgo’s entrepreneurial culture while allowing it to benefit from DAT’s extensive reach and infrastructure.
DAT CEO Jeff Clementz emphasized the importance of empowering carriers, particularly small operators, through accessible financial technology. “Cash flow is the lifeblood of small carriers, and at the heart of any great high-trust marketplace is the payment connection between the buyer and seller,” said Clementz. He praised Outgo’s platform for its industry-leading speed, transparency, and flexibility—qualities that align with DAT’s mission to serve over 400,000 active users on its freight network.
The acquisition enables DAT to integrate advanced fintech capabilities into its ecosystem, allowing carriers to experience seamless financial operations tied directly to their freight bookings and payment cycles. This innovation addresses one of the most persistent challenges in the logistics industry: the delay and uncertainty associated with getting paid. Through Outgo’s technology, carriers will now benefit from faster invoice approvals, real-time cash flow management, and more agile funding options.
DAT, a subsidiary of Roper Technologies, has been steadily expanding its technology offerings to support the evolving needs of the freight and logistics community. This latest acquisition is a direct response to the increasing demand for integrated solutions that combine operational efficiency with financial empowerment.
Outgo’s services will remain available as a distinct offering within DAT’s broader platform, ensuring continuity for existing users while introducing the tools to DAT’s expansive customer base. This structure also allows DAT to test and expand innovative financial products without disrupting its core freight marketplace services.
This acquisition underscores the growing importance of fintech in the logistics sector and highlights DAT’s commitment to delivering value beyond load-matching. As freight carriers continue to navigate complex economic pressures and fluctuating demand, having access to fast, reliable, and flexible financial tools is becoming essential for success.
By combining DAT’s logistical data and market intelligence with Outgo’s cutting-edge financial platform, the freight industry is poised for a new era of smarter, faster, and more secure transactions. The collaboration sets a new standard for how technology can empower carriers to focus less on administrative burdens and more on growth and profitability.
This acquisition not only signals a new chapter for both companies but also serves as a benchmark for the industry’s transformation through the fusion of freight logistics and fintech innovation.
