Porter Freight Funding
Porter Freight Funding is a Birmingham, Alabama-based freight factoring company that purchases unpaid trucking invoices from owner-operators, small fleets, and brokers, advancing up to 95% same-day, with integrated PorterGO mobile tooling and fuel-card services.
- Company typePrivate
- Founded1991
- HeadquartersBirmingham, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Porter Freight Funding does
Porter Freight Funding is a Birmingham, Alabama-based freight factoring company and a wholly-owned subsidiary of Porter Capital (founded 1991). Founded in 2008, the company purchases unpaid freight invoices from trucking carriers — primarily owner-operators, small-to-mid-size fleets, new-authority trucking companies, and freight brokers — and advances up to 95% of invoice value same-day, collecting full payment from the broker or shipper later and retaining the difference as a factoring fee. Porter's core offering is supplemented by an integrated platform anchored on the PorterGO mobile and desktop app, which bundles unlimited instant broker credit checks, invoice submission, funding status tracking, and a fuel discount locator.
Revenue is generated primarily through transaction-based factoring fees (1.5% introductory rate for the first 60 days, with standard volume-based pricing thereafter), supplemented by interchange fees from the Porter Fuel Card (EFS network, accepted at 2,500+ truck stops) and ancillary revenue from referral payouts ($300 per funded referral). Porter distributes services through a hybrid go-to-market combining self-serve online applications, multi-line phone sales (including Spanish-language support), dedicated fleet account representatives, and a partner referral channel. The company operates from five US offices and serves carriers nationwide.
The technology stack centers on the PorterGO platform, which functions as the operational hub connecting factoring, broker credit data, fuel discount access, and 24/7 advances via PorterWallet. The company is a member of the International Factoring Association, holds a 4.8-star Google rating with 361+ reviews, and is on track with parent Porter Capital to reach $15 billion in cumulative invoice funding during 2026 after funding approximately $1.7 billion in 2025.
Porter Freight Funding firmographics
Firmographics- Name
- Porter Freight Funding
- Legal name
- Porter Freight Funding
- Website
- https://porterfreightfunding.com
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Porter Freight Funding is a Birmingham, Alabama-based freight factoring company that purchases unpaid trucking invoices from owner-operators, small fleets, and brokers, advancing up to 95% same-day, with integrated PorterGO mobile tooling and fuel-card services.
- Ownership category
- akta.pro rank
Porter Freight Funding industry classification
Industry- Product category
- Freight Factoring Services
- NAICS
- Sales Financing (52222)
- akta.pro primary industry
- Commercial Trucking & Heavy Equipment Vehicle Finance (FSAKADAI)
Keywords
Where Porter Freight Funding is headquartered
LocationHeadquarters
- HQ city
- Birmingham
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Porter Freight Funding business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Freight Factoring Fees: Porter Freight Funding earns revenue by purchasing unpaid freight invoices from trucking companies at a discount. The company advances most of the invoice value upfront (95%) and collects the full payment from the broker/shipper later, keeping the difference (factoring fee) as revenue. Fees range from 1.5% introductory rate to standard rates based on volume and broker credit quality.
- Fuel Card Program: The Porter Fuel Card generates revenue through interchange fees at fuel stations within the EFS network. Carriers receive cents-off-per-gallon discounts while Porter earns transaction fees from truck stops. Fuel savings compound over time for carriers who regularly fuel at network locations.
- Referral Program Fees: Porter pays $300 per funded referral to existing customers who refer new carriers. This is a customer acquisition cost structured as a referral bonus rather than traditional advertising spend.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | 1.5% Introductory Rate - First 60 Days |
| Transaction based/ take rate | Pay-as-you-go | Standard Volume-Based Rate |
| Transaction based/ take rate | Pay-as-you-go | Porter Fuel Card |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels7 records
Porter Freight Funding product offering
Product offeringCore offering
Porter Freight Funding purchases unpaid freight invoices from trucking companies at a discount, advancing up to 95% of the invoice value same-day and collecting the full payment from brokers/shippers, retaining the difference as a factoring fee. The company supplements its core factoring service with a Porter Fuel Card (EFS network), Porter Wallet 24/7 advances at load pickup, fuel advances, and the PorterGO mobile/desktop platform for broker credit checks, invoice submission, and account management.
Product overview
Porter Freight Funding operates as a freight factoring and financial services platform for the trucking industry, built around its core freight invoice factoring product with a suite of integrated add-on modules and tools. The platform consists of Freight Factoring (core product) supplemented by PorterGO (mobile/desktop platform) which unifies broker credit checks, fuel discounts, and account management. Add-on services include Porter Fuel Card (fuel discount program on EFS network), Porter Wallet 24/7 Advances (24/7 fund access at load pickup), Fuel Advances (fuel-specific cash advances), and Account Resolution Team (collections support). The company also offers ancillary services including dispatching, insurance, and compliance through partner networks. An acquisition of Integrated Factoring (March 2026) expanded the platform's reach for small and family-owned trucking businesses. The product architecture follows a platform-plus-modules model where the PorterGO platform serves as the central hub connecting all services.
Differentiator
Problem solved
Functional benefit
Brands
- Porter Fuel Card: Fuel card program delivering diesel discounts at thousands of truck stops and travel centers nationwide through the EFS network, with real-time pricing through the PorterGO app.
- Porter Wallet 24/7 Advances
- PorterGO
Products and services
- Freight Factoring Core freight invoice factoring service that allows trucking companies to sell unpaid invoices for immediate same-day payment instead of waiting 30-90 days for broker payment. Includes 1.5% introductory rate for the first 60 days, 95% advance rate, and 90+ day chargeback window.
- Porter Fuel Card Fuel discount card providing cents-off-per-gallon savings on diesel at thousands of truck stops and travel centers nationwide through the EFS network. Available to all carriers with or without a factoring relationship.
- Porter Wallet 24/7 Advances Digital wallet and advance service providing around-the-clock access to funds at load pickup, including nights, weekends, and federal holidays, accessible through the PorterGO app.
- PorterGO Mobile & Desktop Platform All-in-one mobile and desktop platform for trucking companies featuring unlimited instant broker credit checks, fuel discount locator, invoice submission, funding status tracking, and account management. Free for all Porter clients.
- Fuel Advances Cash advance service providing fast access to funds specifically for fuel purchases, helping carriers cover diesel costs before invoices are paid.
- Fleet Factoring Freight financing solution for trucking companies with multiple trucks, converting unpaid invoices into immediate cash flow with same-day funding, a dedicated account manager, and access to Porter Fuel Card and Porter Wallet for every truck in the fleet.
- Owner-Operator Factoring Freight factoring service designed for independent owner-operator truck drivers, offering same-day or next-day cash for unpaid invoices with no long-term contracts and access to fuel discounts and 24/7 advances.
- New Authority Factoring Freight factoring program designed for new trucking companies and startups that have recently obtained their trucking authority, with flexible terms for new MCs.
- Account Resolution Team Dedicated collections and recovery team that actively pursues unpaid invoices on behalf of carriers for up to 90+ days before any chargeback, including bond filing and managed recovery services at no additional cost.
- Partner Referral Program Referral and partnership program allowing carriers and dispatchers to earn $300 per funded referral with unlimited referral submissions. Includes access to Porter's affiliate freight factoring programs.
Quantifiable outcome
- 95% advance rate on invoices
- +5 more outcomes
Companies that use Porter Freight Funding
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles4 records
Porter Freight Funding technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature4 records
Porter Freight Funding partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Integrated FactoringcorePorter Freight Funding completed the acquisition of Integrated Factoring, a freight factoring company that specialized in supporting small and family-owned trucking businesses for over 11 years. The acquisition expands Porter Freight Funding's freight factoring platform and geographic reach while maintaining Integrated Factoring's operations in Farmington, New York.
- EFS Network (Fuel Card)corePorter Fuel Card operates through the EFS (Electronic Funds Source) network, accepted at thousands of truck stops nationwide. The partnership provides Porter customers with fuel discounts at major truck stop chains and travel centers, with real-time price posting through the PorterGO app.
- International Factoring AssociationminorPorter Freight Funding is a member of the International Factoring Association, indicating industry membership and credibility in the freight factoring space.
Scale indicators9 records
Recent moves5 records
Expansion highlights5 records
Porter Freight Funding competitors and assessment
Company assessmentDirect peers
- Triumph Financial: Public parent of Triumph Business Capital, one of the largest US freight factoring providers. Direct competitor to Porter in trucking factoring, with deeper capital markets access and a public-market cost of funds advantage.
- Apex Capital: Major US freight factoring company serving carriers and small fleets. Direct competitor with comparable owner-operator focus, advance rates, and 24/7 funding features.
- OTR Capital: Freight factoring company specializing in owner-operators and small trucking companies. Direct competitor with similar advance rate, chargeback, and fuel card product offerings.
- TFS Capital (Transportation Financial Services): Freight factoring provider focused on small to mid-size carriers and owner-operators. Direct competitor with similar recourse structure and owner-operator customer base.
- TBS Factoring: Freight invoice factoring company serving owner-operators and small fleets nationwide. Direct competitor with comparable transparent-fee model and same-day funding.
Broad incumbents
- eCapital: Larger technology-enabled factoring platform serving transportation and other industries. Broad incumbent offering freight factoring alongside other asset classes with broader capital base.
Emerging players
- Truckstop: Digital freight marketplace increasingly embedding factoring and payment products for carriers. Emerging competitor intersecting load matching with factoring on the same platform.
- Uber Freight: Digital brokerage backed by Uber offering embedded financing and quick-pay products to carriers on its platform. Emerging fintech competitor with capital and digital UX advantages.
- Rivr Financial: Digital-first freight factoring startup targeting owner-operators with mobile-first UX. Emerging competitor focused on the same segment Porter serves, with newer technology stack.
Others
- Fleetio: Fleet management SaaS platform serving small and mid-size trucking companies. Adjacent ecosystem player whose customers overlap with Porter's target market for fuel and factoring services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Porter Freight Funding social profiles
Digital presencePorter Freight Funding financial estimates
Financial estimateRevenue estimate
Valuation estimate
Porter Freight Funding leadership team
Management profileNumber of profiles
Profiles2 records
Porter Freight Funding subsidiaries and ownership
Company hierarchySubsidiaries1 record
Porter Freight Funding funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Porter Freight Funding M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Porter Freight Funding
What does Porter Freight Funding do?
Porter Freight Funding purchases unpaid freight invoices from trucking companies at a discount, advancing up to 95% of the invoice value same-day and collecting the full payment from brokers/shippers, retaining the difference as a factoring fee. The company supplements its core factoring service with a Porter Fuel Card (EFS network), Porter Wallet 24/7 advances at load pickup, fuel advances, and the PorterGO mobile/desktop platform for broker credit checks, invoice submission, and account management.
Is Porter Freight Funding a public or private company?
Porter Freight Funding is a private company. It is classified as private equity controlled and is currently operating.
When was Porter Freight Funding founded?
Porter Freight Funding was founded in 1991. It employs 101 to 250 people.
Where is Porter Freight Funding based?
Porter Freight Funding is headquartered in Birmingham, United States, in the North America region.
How does Porter Freight Funding make money?
Three revenue lines are on record. Freight Factoring Fees are the primary driver. The others are fuel Card Program and referral Program Fees.
Who are Porter Freight Funding's main competitors?
Direct peers on record are Triumph Financial, Apex Capital, OTR Capital, TFS Capital (Transportation Financial Services) and TBS Factoring. eCapital is listed as a broad incumbent. Emerging players are Truckstop, Uber Freight and Rivr Financial. Fleetio is listed as an others.
Does Porter Freight Funding have an API?
No public API is recorded for Porter Freight Funding.
What industry is Porter Freight Funding in?
Porter Freight Funding's product category is Freight Factoring Services. Its primary akta.pro industry code is FSAKADAI, Commercial Trucking & Heavy Equipment Vehicle Finance. Its NAICS code is 52222.