# Outgo

> Outgo is a Seattle freight-finance software company, now owned by DAT Freight & Analytics, that combines invoicing, non-recourse factoring, collections, banking and a business debit card for motor carriers. Its central product idea is unusually practical: approved unpaid invoices become available spending power, but the carrier pays a factoring fee only when funds are actually used. That design can lower the cost of short-term cash while replacing a patchwork of broker portals and back-office chores.

- **Founded:** 2021
- **Headquarters:** Seattle, United States
- **Founders:** Marcus Womack (CEO and co-founder), Mike Bohlander (Co-founder), Ray Fortna (Co-founder)
- **Team size:** Approximately 30 employees at the May 2025 acquisition; LinkedIn lists 11-50 employees.
- **Products:** Outgo financial platform, Non-recourse freight factoring, Smart Factoring, Outgo Business Visa Debit Card, Broker verification and insights
- **Notable:** Launched publicly in March 2022 with a vertical banking and accounts-receivable platform for carriers., Named to the FreightWaves 2023 FreightTech 100., By September 2024, committed to reviewing and processing approved invoice payments within four hours, with 50% then approved within 90 minutes and 25% within 15 minutes.

## Products & services

- **Outgo financial platform** — A web and mobile system for broker setup, document upload, invoice creation, payment tracking, reconciliation and collections.
- **Non-recourse freight factoring** — Outgo buys eligible carrier invoices and advances funds, while assuming defined broker insolvency risk and avoiding reserves, monthly minimums and annual contracts.
- **Smart Factoring** — Approved invoices become spending power; the platform factors on demand and selects invoices to reduce fees. Card purchases or waiting until day 30 can qualify for a 1.0% rate.
- **Outgo Business Visa Debit Card** — A card issued through a banking partner that gives carriers immediate access to available funds and can reduce the factoring rate on card purchases.
- **Broker verification and insights** — Broker risk, factorability and payment-history information that helps carriers judge a counterparty before accepting work.
- **DAT One payment integration** — Eligible DAT network loads receive a blue checkmark and can be factored through Outgo inside DAT's carrier marketplace workflow.

## Achievements

- Launched publicly in March 2022 with a vertical banking and accounts-receivable platform for carriers.
- Named to the FreightWaves 2023 FreightTech 100.
- By September 2024, committed to reviewing and processing approved invoice payments within four hours, with 50% then approved within 90 minutes and 25% within 15 minutes.
- Secured $15 million in venture investment and a $50 million receivables credit facility.
- Selected as a preferred factoring provider by the South Dakota and Utah trucking associations.
- Acquired by DAT Freight & Analytics in May 2025 and integrated into the DAT One marketplace.
- According to a DAT executive on Freight 360, Outgo broke its one-day application record within 30 minutes of the acquisition announcement and its monthly record by the end of that day.

## Latest updates

- **2025-05** — DAT Freight & Analytics acquired Outgo for undisclosed terms, retained its Seattle operation as a distinct service and added Marcus Womack to DAT's executive team.
- **2025-05** — DAT began positioning Outgo's AI-powered payments inside DAT One, with a blue checkmark marking loads eligible for factoring.
- **2025-05** — DAT said the acquisition announcement produced a record burst of Outgo applications, breaking the product's single-day and monthly application records on announcement day.
- **2024-09** — Outgo disclosed $15 million in venture investment, a $50 million Upper90 credit facility and four-hour funding commitments.
- **2024-02** — The South Dakota and Utah trucking associations selected Outgo as a preferred factoring provider.

## Links

- Website: https://outgo.com
- LinkedIn: https://www.linkedin.com/company/outgoinc
- Twitter/X: https://twitter.com/outgoinc
- Facebook: https://facebook.com/outgoinc

---

Profile page: https://yespress.io/outgo
Published by YesPress — https://yespress.io
Last updated: 2026-08-22