Matt McKinney was a data science manager at Uber, helping launch Uber Freight, along with software engineer Shaosu Liu.
One of the main problems the pair saw there was that while they were able to grow the top line, they found it difficult to grow the bottom line because they were “losing a bunch of money” to bad debt and late payments.
When digging in to understand why, the duo realized that “there’s so much complexity in a single freight bill.”
For example, they found out that 20% of all freight invoices have an error. They also discovered it takes 50 days on average to process and pay