B2B Payments

Onfleet Lets All Those Uber-For-X Startups Fulfill Deliveries

After more than a year of operating across the globe in beta phase, and with more than $2 million in backing from venture capitalists, fleet management solutions provider Onfleet has emerged onto the market in full throttle.

In a blog post published Tuesday (April 21), Onfleet announced its official launch to offer key infrastructure to businesses providing on-demand delivery services. The firm offers delivery coordination and connects businesses to its fleet of couriers to carry out the actual act of delivery for businesses connecting consumers with products.

With the flurry of Uber-for-X startups popping up everywhere, Onfleet said it wants to offer a level playing field for smaller companies that need to offer their customers fast, reliable delivery.

“With consumer expectations on the rise, and larger companies like Uber and Amazon on the cutting edge of delivery, we believe it’s important to give businesses everywhere the ability to offer and improve their on-demand and scheduled deliveries,” Onfleet said in its announcement. “We want to give everyone the opportunity to keep up with the delivery standards that consumers are coming to expect.”

The tools it offers businesses include SMS notification to allow customers to track their deliveries in real-time, as well as tools to streamline internal business communication, merchandise and inventory management, automated task assignments, and delivery analytics.

Onfleet’s announcement included notice of $2 million in financial backing, led by an array of investors including CrunchFund, Winklevoss Capital, and Playfair Capital. The firm said it plans to use the support to enhance its product and expand its engineering and customer support teams.

The service offers a way for the rise of the on-demand delivery startup to actually fulfill their orders. Companies like Magic and DoorDash have all secured major backing for their ventures, signaling venture capitalists’ support of the emerging space.

Coincidentally, while these businesses have emerged among the Uber-for-X trend, Uber itself recently dropped its own delivery service, UberEssentials.



The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.

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