Loop is a modern audit and payment platform for the logistics industry, aiming to unlock capital trapped in the supply chain. Founded in 2021 by former Uber Freight and Flexport engineers Matt McKinney and Shaosu Liu, Loop has quickly gained traction, with over $3 billion in booked total payment volume year to date and an expanding customer base that includes major shippers like Great Dane, GILLIG, and JPMorgan Chase, as well as logistics providers like Convoy and Loadsmart.

Loop's AI-driven platform extracts data from various document types and sources to validate invoice accuracy, allowing invoices to clear in near real-time. By improving cost visibility, cutting unnecessary spend, and optimizing transportation budgets, Loop reduces financial risk, increases working capital, and uncovers opportunities to maximize margins for its customers. Loop has raised $65 million in funding from leading investors including J.P. Morgan Growth Equity Partners, Index Ventures, Founders Fund, Expa, and Lineage Ventures.

Loop offers employees the chance to work on innovative AI solutions alongside a strong team of logistics and tech experts. With the backing of prominent investors and the tailwinds of the North American manufacturing and logistics renaissance, electronic B2B payment adoption, and rapid AI advancements, Loop has the opportunity to transform the movement of money in the supply chain. However, the company will need to navigate the challenges of building logistics-specific AI models and disrupting entrenched manual processes to fully realize its vision.