Express Freight Finance

What Express Freight Finance does

Express Freight Finance is a privately held freight factoring company founded in 2015 and headquartered in Bountiful, Utah. The company provides working capital solutions to small and mid-sized U.S. trucking carriers (owner-operators and fleets) and freight brokers by purchasing their freight invoices at a discount, enabling immediate or same-day payment rather than waiting on shippers' net-30/60/90 terms. Its primary customers operate dry van, reefer, flatbed, hot shot, and box trucks, and the company states it has facilitated over $2 billion in cumulative freight bill factoring since inception.

The company's technology stack is anchored by the EFF360 platform, comprising a self-serve client portal, an iOS/Android mobile application, and the DropPay instant payment engine that funds carriers within minutes of load delivery on a 24/7/365 basis with no transaction fees. Express Freight Finance has built proprietary freight intelligence through MarketFIT, which covers 135+ U.S. markets with near real-time lane data and FITScores, and integrates with Stripe for card-based payment rails (Instant Pay), Direct Freight, DAT, Trucker Tools, and PostBidShip for load board and digital matching functionality. The product suite is supplemented by a fuel card program spanning 6,800+ truck stops, free fuel advances, a driver payroll solution (DriverPay), and referral arrangements for insurance and equipment leasing.

Express Freight Finance generates revenue primarily through per-invoice factoring fees structured as flat rates (typically 2-3%), tiered rates tied to customer payment speed (1-4%), and volume-based rates that decline from 3% to 2% as monthly volumes cross $150,000. The company emphasizes no monthly minimums, no long-term contracts, and zero transaction fees on online-applied DropPay invoices, and it distributes through a product-led digital channel (website, mobile app, instant quote tool) augmented by inside sales and a referral partner program.

Name

Express Freight Finance

Legal name

Express Freight Finance LLC

Website

https://expressfreightfinance.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Express Freight Finance is a Utah-based freight factoring company providing instant and same-day invoice funding to U.S. trucking carriers and brokers. It operates the DropPay, EFF360, MarketFIT, and DriverPay platforms, with ancillary fuel cards, load boards, and insurance referrals.

Ownership category

akta.pro rank

Headquarters

HQ city

Bountiful

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Freight Factoring Fees: Express Freight Finance earns revenue by purchasing freight invoices from carriers at a discount. The company charges a factoring rate (percentage fee) on invoices submitted. Rate structures include flat rate (typically 2-3% per invoice), tiered/variable rate (varying by how fast customers pay), and rate-by-volume (lower rates for higher monthly invoice volumes). The company also offers free fuel advances as part of the service and generates revenue through associated fuel card programs and load board access.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Express Freight Finance is a freight factoring company that purchases freight invoices from trucking carriers at a discount, providing immediate or same-day working capital in place of net-30/60/90 shipper payment terms. Its flagship DropPay service pays carriers within minutes of load delivery, 24/7/365, with no transaction fees. The portfolio is extended with MarketFIT freight intelligence, DriverPay for driver payroll, fuel cards, fuel advances, insurance, load boards, and lane data tools.

Product overview

Express Freight Finance operates as a freight factoring company offering a comprehensive suite of financial services for trucking companies. The core offering centers on DropPay (instant payment upon load delivery), traditional freight factoring, and MarketFIT freight intelligence. Additional value-added services include DriverPay for driver payroll flexibility, fuel card programs, fuel advances, insurance partnerships, and premium load board access. The company also provides a mobile app (EFF360) for on-the-go factoring. The portfolio is unified around cash flow management for carriers, with products ranging from core factoring services to complementary tools for operational efficiency.

Differentiator

Problem solved

Functional benefit

Brands

• DropPay: Instant payment solution allowing carriers to get paid within minutes after dropping off a load, 24/7/365
• DriverPay
• MarketFIT
• Instant Pay
• EFF360

Products and services

• DropPay Instant payment service that delivers funds to carriers within minutes of load drop-off, available 24/7/365 with no transaction fees, no cutoff times, and no hidden charges. Used by owner-operators and fleets to convert delivered freight invoices into immediate working capital.
• MarketFIT Freight intelligence platform providing near real-time lane data, FITScores, market trend analysis, and load board integration for 135+ U.S. markets. Helps carriers identify favorable freight markets, reduce deadhead miles, and negotiate better rates.
• DriverPay Driver instant-pay feature that enables trucking companies to pay drivers instantly on a per-load basis through the DropPay platform, while protecting company cash flow and streamlining payroll.
• Freight Factoring for Carriers Traditional freight factoring for carriers providing same-day payments on delivered loads, with flexible contracts and no monthly volume requirements. Covers dry van, reefer, flatbed, hot shot, power only, and 26' box trucks.
• Factoring for Brokers Factoring services tailored for freight brokers and 3PLs, including the DropPay broker factoring solution for paying carriers quickly while managing shipper-to-carrier cash flow.
• Freight Factoring Buyouts Buyout service that helps carriers transition from another factoring company to Express Freight Finance, with facilitated transfer of outstanding invoices.
• Fuel Card Program Fuel card program offering savings up to $1.25 per gallon on Castrol Diesel Engine Oils, up to 25% on fleet maintenance products, discounted roadside services, and access to 6,800+ truck stops nationwide with approximately $0.28 per gallon in fuel savings.
• EFF360 Mobile App Mobile application that allows carriers to submit loads, track invoice and payment status in real time, and receive push notifications for funding status updates. Available on iOS and Android.
• Fuel Advances Free fuel advance program that provides funds for fuel when outstanding invoices affect carrier cash flow.
• Insurance Referrals Partnership-based offering of cargo and auto insurance policies for trucking carriers, covering freight of all kinds.
• Load Board Access Premium load board access provided through the Direct Freight partnership, helping owner-operators find loads, reduce deadhead miles, and grow their business.
• Lane Data Near real-time lane data showing latest market conditions, average lane prices, and top-performing markets to help carriers reduce deadhead miles and grow revenue.

Quantifiable outcome

• Over $2 billion in freight bills factored for clients
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Direct FreightcoreTechnology or IntegrationExpress Freight Finance provides its customers with premium access to Direct Freight's load board with digital matching features, profit calculator, rate data, and mileage calculator. The partnership integrates load board functionality directly into Express Freight Finance's service ecosystem.
• StripecoreTechnology or IntegrationExpress Freight Finance partners with Stripe as the payment processing provider for its Instant Pay solution. Stripe processes Instant Pay card transactions with FDIC insurance, enabling secure immediate fund transfers to carrier debit cards.
• International Factoring Association (IFA)minorGTM or Marketing PartnerExpress Freight Finance is a member of the International Factoring Association, an industry body that provides standards, forums, and resources for factoring companies. Membership provides access to industry best practices, legal resources, and professional networking.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Triumph Business Capital: One of the largest U.S. freight factoring companies, serving carriers and brokers with non-recourse factoring, fuel cards, and back-office services. Directly competes with Express Freight Finance for the same SMB carrier and owner-operator segment.
• Apex Capital Corp: Major freight factoring company offering non-recourse factoring, fuel advances, and back-office solutions to carriers and owner-operators. Among the most established direct competitors with comparable business model.
• OTR Capital: Freight factoring provider specializing in small to mid-sized carriers and owner-operators with non-recourse factoring, fuel advances, and same-day funding. Closely comparable target customer and business model.
• TBS Factoring: Freight factoring company offering non-recourse factoring, fuel cards, and back-office services to trucking companies. Targets the same SMB carrier and owner-operator segment as Express Freight Finance.
• RoadOne IntermodaLogistics: Freight factoring and logistics services provider offering factoring, fuel cards, and load matching to carriers. Operates in the same freight factoring space with comparable target customers and product bundling approach.

Emerging players

• Bluevine: Digital business banking and invoice factoring platform serving SMBs across multiple industries. Overlaps with EFF in trucking factoring but serves a broader SMB market with different go-to-market approach.
• Fundbox: Tech-enabled working capital provider for SMBs offering invoice-based financing and credit lines. Adjacent competitor with overlapping factoring capabilities but broader industry focus beyond trucking.

Others

• Stripe: Payment infrastructure partner that processes Express Freight Finance's Instant Pay card transactions. Also offers Stripe Capital, an embedded lending product that could complement or compete with EFF's factoring services over time.
• DAT: Operates the DAT One load board, integrated with Express Freight Finance's service offering. DAT is a key freight data and matching partner rather than a direct competitor, representing the broader freight ecosystem EFF operates within.
• Truckstop: Major load board and freight matching platform serving carriers, brokers, and shippers. Complementary rather than directly competitive with EFF, but part of the broader trucking services ecosystem that EFF supports.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/getexpressfreightfinance
• LinkedInlinkedin.com/company/express-freight-finance
• Instagraminstagram.com/expressfreightfinance

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Express Freight Finance