Loop Payments, Inc.
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Loop Payments, Inc. - overview
Established
2021
Location
Chicago, IL, US
Primary Industry
Software
About
Based in Illinois, US, and founded in 2021, Loop Inc. , f. k. a.
Qualli Inc. , operates as a developer of financial service software that offers payment solutions for logistics companies. In April 2026, Loop Payments, Inc. raised USD 95 million in series C funding led by Valor Equity Partners, with participation from another new investor Tao Capital Partners, 8VC, Founders Fund, Index Ventures, and JP Morgan Asset Management.
Loop Inc. ’s client base includes Great Dane, J. P. Morgan, Convoy, Loadsmart, Primo, and Gillig.
The company provides a financial platform built on technology that instantly and accurately integrates data from freight artifacts, enabling third-party logistics businesses to coordinate their payment workflow through features such as early pay, extended payments, and revenue sharing. The platform also allows users to customize their payment process by optimizing invoice aging and setting payment preferences and thresholds. Loop uses NLP (natural learning processing) and computer vision artificial intelligence technology to extract data from documents to power an efficient payment process. Loop generates revenue by charging a percentage of total payment volume, which is a fixed percentage based on tier, and as a company advances tiers, the percentage they pay goes down.
The company will use the April 2026 funding to hire engineering talent and further develop artificial intelligence systems that help customers predict and mitigate supply chain disruptions.
Current Investors
Expa, Susa Ventures, 8VC
Primary Industry
Software
Sub Industries
Logistics Software
Website
www.loop.com/
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Series C
Total Amount Raised
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