Piston is building a closed-loop payment network for the U.S. trucking industry, a sector valued at over $250 billion. The company focuses on digitizing transactions between commercial fleets and fuel stations. Its founders are former fleet operators, a background that informs its focus on operational pain points within the industry.
The company's primary product is PistonPay, a cardless, QR-based fuel payment platform for fleets. The system connects commercial vehicles directly to gas stations, offering features like dynamic underwriting, real-time transaction visibility at the pump, and fleet management controls.
Piston operates across the United States, targeting the verticals of trucking, fleet management, and fuel retail. By replacing traditional payment cards with a digital network, the company aims to provide greater transparency and control over fuel spending.
