Freightos operates a booking and payments platform for international freight,[1] using a SaaS-Enabled Marketplace model.

[3] It also provides rate management and quoting software for freight forwarders and carriers through WebCargo by Freightos, a subsidiary acquired in 2016.

In September 2018, Freightos announced a $44.4 million Series C funding round, led by the Singapore Exchange and together with previous investors, including Aleph and More VC.

[19] During the interview, Freightos founder Zvi Schreiber also mentioned the company's aspirations to connect carriers, like airlines, directly to forwarders and shippers.

In January 2021, Freightos announced the acquisition of 7LFreight, an air and trucking rate management software solution with a core customer base in the United States.

[20] In August 2024, Freightos also announced the acquisition of Shipsta, an enterprise-grade tender procurement solution used by multinational importers and exporters.

[22][23] Over time, a number of partnerships related to this endeavor were announced, including direct booking with CMA CGM,[24] a top-five ocean liner.