Velo Payments and Loadchief, have recently announced a new partnership to modernize driver payments in the final-mile delivery marketplace. The agreement will offer a flexible payment service for delivery companies to compensate independent drivers.

Loadchief connects delivery companies with professional, independent drivers to provide contract delivery services. With Loadchief, companies can post delivery work to the marketplace and only credentialed drivers matching their job requirements can accept the work. Working with Velo, Loadchief customers will be able to utilize a broad range of payment options that meet their unique needs, as well as the needs of the drivers.

"Delivery companies increasingly rely on independent contractors but typically have limited options of how and when they pay them," said, JC Burnett, President of Loadchief. "This partnership provides a new level of flexibility and will allow even more companies to enjoy the Loadchief Advantage of professional independent drivers for routed and on-demand work.”

Velo provides a payments orchestration platform that automates payouts from businesses to their vendors and independent workforces. Velo onboards and captures the payment preferences of buyers, vendors and contract workers, then finds optimized payout outcomes that consider the speed, cost and predictability of available payment methods. Couriers and independent drivers make payments and get paid in ways that are unique to their individual needs via Loadchief.

About Loadchief

Loadchief is a revolutionary platform connecting delivery companies with credentialed, independent drivers to provide on-demand and routed delivery services. Using the platform, courier companies can increase their delivery reach and open new markets with an on-demand pool of carefully vetted and professional contractors. Loadchief was created by logistics professionals with more than 50 years of combined experience in the delivery industry.

About Velo

Velo solves complex business payment problems by orchestrating money movement for business customers. Velo lowers the burden on accounting teams by capturing the payment preferences of buyers and suppliers. Velo intelligently automating payouts saves time and money while simultaneously reducing errors and uncertainty. Velo exceeds the enterprise-grade, high-security expectations of the most demanding banks, financial institutions and large enterprises.