BasicBlock

What BasicBlock does

BasicBlock is a U.S. freight factoring platform founded in 2018 in Lincoln, Nebraska, by co-founders Taylor Monks (CEO) and Brett Byman (COO), with Frederik Roikjer as CFO. The company purchases unpaid invoices from trucking carriers and pays them within roughly 24 hours at a flat 2.5% fee, advancing approximately 98% of invoice value upfront on a non-recourse basis. It targets owner-operators and small trucking fleets that cannot wait 30–90 days for broker payments, and it competes primarily on transparent pricing (no contracts, no hidden fees, no minimums, $5 wire fee, 2 PM CST cutoff) versus incumbent factors such as OTR Solutions (3–4%, contracts, reserves).

Name

BasicBlock

Legal name

BasicBlock Inc.

Website

https://basicblock.io

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

BasicBlock is a U.S. freight factoring platform that purchases unpaid trucking invoices and pays carriers within 24 hours at a flat 2.5% fee, targeting owner-operators and small fleets nationwide via a self-serve mobile app and website.

Ownership category

akta.pro rank

Product category

Freight Factoring / Transportation Financial Services

akta.pro primary industry

B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC)

akta.pro secondary industry

Late Fee / Bill-Pay Advance Products (FSAKAMAM)

Keywords

• Freight factoring
• Trucker cash advance
• Invoice factoring
• Fuel advance solutions
• Broker credit verification

Headquarters

HQ city

Lincoln

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Freight Factoring Fees: BasicBlock purchases unpaid invoices from carriers at a flat fee (2–2.5%) and collects payment from brokers. The company advances approximately 97.5–98% of the invoice value upfront to the carrier. Revenue is generated from the spread between the advance and the full invoice value collected, minus the flat fee charged to the carrier.
2. Instant Pay Premium: A $30 fee is charged for same-day/after-hours payment processing (Anytime Pay) for loads submitted after the 2 PM CST cutoff or over weekends/holidays.
3. Fuel Advance Fee: A flat $20 fee is charged for fuel advances, regardless of the advance amount. The advance is deducted from the carrier's next factoring payout.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

BasicBlock purchases unpaid freight invoices from trucking carriers (owner-operators and small fleets) and advances approximately 98% of the invoice value within 24 hours at a flat 2.5% fee, with no contracts, no minimums, and non-recourse protection. The platform is delivered via a website and native iOS/Android mobile apps and is supplemented by Fuel Advances (flat $20), Instant Pay for after-hours settlement ($30), Contract Buyout assistance, and a Broker Check tool covering over 10,000 pre-approved brokers.

Product overview

BasicBlock offers a unified freight factoring platform for owner-operators and small trucking fleets. The core product is invoice factoring (purchasing unpaid invoices and paying carriers within 24 hours at a flat rate), supplemented by add-on modules including Fuel Solutions (diesel advances), Instant Pay (within-hour payments), Contract Buyouts (competitor contract termination assistance), and Broker Check (credit verification). BasicBlock also acquired TrueNorth (July 2026), a free loadboard and AI dispatch platform that expanded the company's services beyond financing into operational load-finding and dispatch automation. The platform is accessible via web and native iOS/Android mobile applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Freight Factoring Core service in which BasicBlock purchases unpaid freight invoices from carriers (owner-operators and small fleets) and pays them within 24 hours, advancing approximately 98% of the invoice value at a flat 2.5% fee, non-recourse, with no hidden fees or contracts.
• Fuel Solutions (Fuel Advances) Fuel advance program that lets carriers cover diesel costs upfront, with the advance deducted from their next factoring payout at a flat $20 fee (not percentage-based) and no separate card, account, or credit check required.
• Instant Pay (Any Time Pay) Same-day payment option that delivers funds within approximately one hour for loads submitted after the standard 2 PM CST cutoff and on weekends or holidays, subject to a $30 fee per occurrence.
• Contract Buyouts Service that pays the buyout fee to release carriers from existing factoring contracts with other providers, including a free lawyer referral to review existing contracts and determine exit difficulty.
• Broker Check Broker verification tool that lets carriers check broker payment reliability, credit scores, bond status, and payment history before accepting loads, covering over 10,000 pre-approved brokers.
• BasicBlock Mobile App (iOS/Android) Native mobile applications for iOS and Android enabling carriers to apply, submit loads, track payments, and manage their factoring relationship on the go.
• TrueNorth (AI Dispatch & Loadboard) Free loadboard and AI-powered dispatch platform for trucking carriers and freight brokers, acquired in July 2026 to help owner-operators and small fleets find loads, manage dispatching, and make business decisions through AI-based load matching and autonomous dispatch agents.

Quantifiable outcome

• Payment within 24 hours of load delivery (vs 30–90 days for broker standard terms)
• +5 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• TrueNorthcoreTechnology or Integration · 21 July 2026BasicBlock acquired TrueNorth, a free loadboard and AI-powered dispatch platform for trucking carriers and freight brokers founded in 2019. The acquisition expands BasicBlock beyond traditional freight factoring into operational tools that help owner-operators and small fleets find loads, manage dispatching, and make business decisions. TrueNorth's team and technology will be integrated into BasicBlock's broader carrier services platform.
• FreightCaviar PodcastminorGTM or Marketing PartnerBasicBlock sponsors the FreightCaviar podcast and its hosts Taylor Monks (CEO) and Brett Byman (COO) appear as regular guests. The podcast covers freight factoring education, trucking business strategy, and industry news. BasicBlock also partnered with FreightCaviar for a four-city roadshow event in September 2022.
• Dispatchers (Partner Category)minorChannel Partner/ Reseller/ DistributorDispatchers who manage loads and schedules for carriers can partner with BasicBlock by sending their drivers to the platform for factoring. BasicBlock keeps drivers funded so dispatchers can keep operations running smoothly. Mutual referral relationship.
• Insurance Providers (Partner Category)minorChannel Partner/ Reseller/ DistributorInsurance providers serving the trucking industry can refer their carrier clients to BasicBlock for factoring services. BasicBlock helps keep drivers financially stable, which is beneficial for insurance risk profiles.
• TMS Platforms (Partner Category)minorChannel Partner/ Reseller/ DistributorTransportation Management System software platforms can integrate or refer BasicBlock's factoring services to carriers using their software. The natural fit between TMS (keeping operations running) and factoring (keeping money running) creates partnership opportunities.
• Carrier Networks (Partner Category)minorChannel Partner/ Reseller/ DistributorCarrier network organizations aggregate trucking companies and can recommend BasicBlock's factoring services to their members. BasicBlock offers no contracts, no hidden fees, and phone-based customer support as key differentiators for carrier network referrals.
• Truck Sales Companies (Partner Category)minorChannel Partner/ Reseller/ DistributorCompanies selling trucks to owner-operators can partner with BasicBlock to help new drivers manage cash flow as they start their businesses. BasicBlock helps drivers get paid fast so they can focus on the road rather than waiting for payments.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• OTR Solutions: OTR Solutions is one of the largest freight factoring companies serving trucking carriers in the U.S., and is explicitly positioned by BasicBlock as its primary comparison competitor on its public 'vs OTR' page. Both target owner-operators and small fleets with similar non-recourse factoring products, differing mainly on rate (3–4% vs 2.5%), contract terms, and digital onboarding.
• Apex Capital Corp: Apex Capital is a leading freight factoring company specializing in non-recourse invoice purchasing for owner-operators and small to mid-sized trucking fleets. It directly competes with BasicBlock on the same core service—paying carriers quickly for broker-held invoices—with an overlapping customer base of independent truck drivers.
• Triumph Business Capital: Triumph Business Capital is a major non-recourse freight factoring provider serving carriers across the U.S. It competes head-to-head with BasicBlock on the same invoice-discounting product for owner-operators and small fleets, with comparable same-day payment and fuel advance offerings.
• AtoB: AtoB is a fintech platform providing fuel payments, factoring, and banking products to trucking carriers, with a digital-first GTM motion targeting owner-operators and small fleets. It mirrors BasicBlock's positioning as a modern, technology-led alternative to legacy factors, with overlapping feature sets including fuel cards and instant payments.
• TAFS (Trucking Association of Factoring Services): TAFS is a freight factoring company focused on trucking carriers, offering non-recourse factoring, fuel advances, and same-day payment options. It is a direct competitor to BasicBlock in the same SMB carrier segment with comparable pricing and contract structures.
• DAT Freight & Analytics: DAT operates the largest North American freight loadboard and analytics platform used by carriers and brokers to find and price loads. Following BasicBlock's TrueNorth acquisition, DAT is the most direct functional comparable for the loadboard/AI dispatch capability BasicBlock has added to its platform.
• Truckstop.com: Truckstop.com is a leading freight matching loadboard connecting carriers and brokers, with embedded payment and factoring-adjacent services. It is a direct functional comparable to the TrueNorth loadboard capability BasicBlock acquired, and competes for the same owner-operator and small fleet audience.

Broad incumbents

• Uber Freight: Uber Freight is a large digital freight brokerage owned by Uber that combines load matching, capacity management, and embedded payment/factoring offerings for carriers and shippers. It overlaps BasicBlock's addressable market at the carrier side but operates at significantly greater scale and with a broader product portfolio spanning brokerage and transportation management.

Emerging players

• Revenued: Revenued is a fintech that provides invoice factoring and revenue-based financing to small businesses, including trucking carriers. It overlaps with BasicBlock's invoice-discounting product for trucking-adjacent SMBs but is a more emerging player with a broader non-trucking focus.
• Loadsmart: Loadsmart is a digital freight platform offering automated truckload brokerage, load matching, and carrier-side financial tools. It is comparable to BasicBlock's expanded TrueNorth-enabled platform on the operational/dispatch side, while also serving carriers with embedded payment and financing capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@basicblock
• Facebookfacebook.com/basicblock
• Instagraminstagram.com/basicblock.io
• Xx.com/BasicBlock_io
• LinkedInlinkedin.com/company/basicblock

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds11 records

Investors11 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BasicBlock