Increased internet connectivity and usage have led to rapid growth in Mexico’s e-commerce sales; global tensions have increased the United States’ reshoring efforts in the region; and major highway projects have resulted in a Mexican road freight market valued at $82 billion with a forecast compound annual growth rate of 9.91% through 2027.
But Latin American trucking companies and freight brokers “have been incredibly ignored by the financing sector,” according to Jaime Tabachnik, CEO of...
Solvento, a Mexico City-based digital platform providing trucking companies with access to capital, announced Monday it has raised $4.5 million in a fundraising round led by Dynamo Ventures.
Other participants included Wollef Ventures and Zenda Capital, along with a $3 million debt facility from Marco Financial.
Jaime Tabachnik, co-founder and CEO of Solvento, said the funds will be used to hire more employees as well as provide capital for the loans it gives out to Mexican trucking companies.
“A...
https://www.freightwaves.com/news/solvento-raises-capital-to-help-mexican-trucking-industry