Mundi

Borderlands: Tanker carrier expands in Texas to serve industrial refineries

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: LGT Transport expands in Texas; Fintech firm raises $16M for cross-border trade; Transfar Shipping launches China-US Gulf Coast container service; and El Paso Logistics Park opens.

Nebraska-based tanker carrier expands in Texas to serve industrial refineries

LGT Transport recently expanded its facility in Baytown, Texas, to handle the growing volume of industrial gas...

https://www.freightwaves.com/news/tanker-carrier-expands-in-texas-to-serve-industrial-refineries

Borderlands: Mundi launches finance tool for Mexico-based freight forwarders

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mundi launches a finance tool aimed at Mexico-based freight forwarders; more manufacturing jobs are headed for Mexico; Dachser Mexico is providing cross-border services for a tuna shipper; and CBP releases a cross-border trade operational update.

Mundi launches finance tool aimed at Mexico-based freight forwarders

Financial services platform Mundi recently launched a...

https://www.freightwaves.com/news/borderlands-mundi-launches-finance-tool-for-mexico-freight-forwarders

Mundi raises $7.8M to help Mexican exporters shipping to US

New York-based Mundi, a financial tech platform aimed at facilitating U.S.-Mexico trade, announced Tuesday it raised $7.8 million in a seed round.

Base10 led the financing round that also included FJ Labs, which helped incubate Mundi when the company was founded by Martin Pustilnick last year.

“COVID-19 has shown that small and medium-sized businesses (SMBs) are carrying multiple financial risks when trading internationally, such as nonpayment, lack of working capital and currency exposure,”...

https://s29755.pcdn.co/news/mundi-raises-$78m-to-help-mexican-exporters-shipping-to-us

Mundi aims for low-risk cross-border financial transactions with new service

Mundi, a new financial tech startup focusing on small to medium-size Mexican exporters shipping to the United States, aims to reduce the risk and inconsistency involved with many B2B transactions in the cross-border marketplace, said Martin Pustilnick, Mundi’s co-founder and CEO.

“The problem that we see is that small and medium-sized enterprises (SMEs) end up acting like banks for their clients, and that makes no sense,” Pustilnick said. “We leverage financial rails that already exist. What we...

https://www.freightwaves.com/news/mundi-aims-for-low-risk-cross-border-financial-transactions-with-new-service