PayCargo has appointed Amit Gairola as Chief Design Officer, joining the executive team of the cargo payment platform as it continues its rapid global growth.
He will be based in London from where he will lead a team focused on the product and strategy of PayCargo’s expansion in Europe, Middle East, and Asia. He will also have global responsibility for PayCargo’s data business.
Gairola worked previously at Amazon for ten years in a variety of General Management, Product and Commercial roles, including most recently as General Manager of Amazon Freight in Europe.
He recently worked as Chief Executive for a new business opportunity in the sustainable fashion start-up, Pangaia. He has also previously worked in strategy consulting at the Boston Consulting Group (BCG).
“PayCargo is an exciting, fast-scaling platform solving a significant customer problem in the cargo payments space – their sustained hyper-growth over recent years in the US speaks for the value of the product and we are thrilled to bring this solution to customers in Europe, Middle East and Asia,” said Gairola.
In June, PayCargo announced a Series B investment of USD125 million by global venture capital and private equity firm Insight Partners, which is being used to fuel the EMEIA expansion as well as digital payment tools and services for platform users.
The Series B investment came nine months after a Series A investment for USD35 million, also by Insight Partners.
“Year over year we continue growing in users and expanding our presence internationally. PayCargo is currently on track to process more than USD10 billion of freight-related payments: a 250% increase from 2020,” said Eduardo Del Riego, Global Chief Executive Office, PayCargo.
“A strong portion of this growth is coming from the expansion in EMEA and Asia regions. With this appointment, we are further demonstrating our commitment to providing digital payment solutions globally, to add efficiency and transparency to supply chains.”