Core Insights - Freightos is transitioning from a booking marketplace to a full-stack freight-commerce platform, with embedded payments as a key growth driver [1][12] - The company is experiencing strong platform growth, with record transactions and a significant increase in gross booking value (GBV) [2][5] - Despite growth, Freightos faces profitability challenges and increasing competition from both traditional and digital logistics players [1][8] Company Performance - Freightos reported a 54% year-over-year increase in gross booking value (GBV) to $336 million [5] - The number of transactions on the platform reached a record 429,000, marking the 23rd consecutive quarter of record transactions, with a 27% year-over-year growth [5] - The company is seeing a shift in enterprise customers towards multimodal solutions, moving from air-only to global multimodal deployments [4] Market Context - The global freight forwarding market is valued in the hundreds of billions of dollars, yet many booking and payment workflows remain offline and manual [6] - Ongoing trade volatility has increased demand for agile digital solutions, although conversion from legacy practices remains a challenge [7] - Competition is intensifying as larger players invest in digital offerings and pure-play digital logistics platforms raise capital [8] Strategic Initiatives - Freightos aims to enhance its platform by embedding payments, which could lead to increased customer loyalty and revenue growth [11] - The strategy includes treating payments as a core feature rather than a side offering, aiming to create a comprehensive ecosystem for booking, settlement, and financing [12] - By owning the payment layer, Freightos can collect valuable data that can drive analytics and potentially lead to additional services [13]