Freight paments platform PayCargo has appointed Christian Dornhaus as Managing Director for Europe, the Middle East, India, and Asia (EMEIA) as the cargo payment platform rides on rapid global growth.
Dornhaus brings over two decades of experience in the logistics and freight industries, most recently as vice president of sales Europe at UPS company Coyote, as well as having held previous senior roles at FedEx, Panalpina, Bolloré, and Dachser.
Dornhaus will be based in Madrid, Spain, from where he will lead a team dedicated to delivering PayCargo solutions across EMEIA.
Eduardo Del Riego, PayCargo Global Chief Executive Officer said, “We have seen continuous growth in users and are currently on track to process US$10 billion of freight-related payments; a 250 percent increase from 2020.”
“We envision a substantial portion of our future growth to come from the EMEIA region under Christian’s leadership.”
“His hands-on local market knowledge, experience, and network will undoubtedly enable us to expedite this objective, and strengthen our commitment to providing digital payment solutions that add efficiency and transparency to the global supply chain.”
“This is an exciting time to be joining PayCargo’s leadership team as we witness a huge uptick in adoption of digitalisation across the freight industry, which is supporting our platform’s rapid global growth,” said Dornhaus.
“Companies across the EMEIA region are increasingly seeing the value of adopting modern digital solutions that enable efficient, sustainable operations, and with our scalable platform, we are able to support them to achieve just that.”
In June 2021, PayCargo announced a series B investment of US$125 million by global venture capital and private equity firm Insight Partners which is being used to fuel the EMEIA expansion as well as digital payment tools and services for platform users. The series B investment came nine months after a series A investment for US$35 million also by Insight Partners.