Roads? Where we're going, we need Solvento.

I'm excited to announce my involvement in Solvento, a Mexican fintech founded in 2021 that is building the payments infrastructure for LATAM's trucking industry.

This announcement is timely as the company is entering a rapid phase of growth on the back of closing a $50 million debt facility with Lendable and a $3.5 million seed extension led by Quona Capital, bringing total equity raised to $10 million.

Special thanks to Jon Bradford and Santosh Sankar of Dynamo Ventures for inviting me to join this journey - you're some of the best early stage investors out there at the intersection of supply chain and fintech.

Solvento operates in a large and growing market?

The LATAM trucking market is worth $200 billion and is projected to grow at an annual rate of 10% over the next five years, further accelerated by nearshoring.

Yet, when it comes to credit and technology, the trucking market continues to be underserved by incumbents. Transport is an intricate web of customers, shippers, 3PLs and carriers interacting to move goods from location A to location B. During this process, an incredible amount of documents and data is exchanged, making it a very admin-heavy industry.

This complexity is exacerbated by the highly fragmented nature of the industry (many small trucking SMBs), making it hard for incumbent banks and technology providers to serve the market profitably.

LATAM is the most advanced region in the world for e-invoicing

LATAM boasts the most advanced e-invoicing and tax compliance regulations globally, contributing to the fight against tax evasion and support for tax transparency.

E-invoicing has helped Solvento's vertical integration in the trucking industry with technology to digitize admin and payment processes, as well as inject much-needed working capital.

Solvento's SaaS and Payments products allow to digitize, manage, and automate the administration in the trucking industry, making invoice payment, reconciliation and settlement next-day instead of weeks. At the same time, because of Solvento's embedded nature, it can provide access to credit to carriers while optimizing payment terms for 3PLs.

A category leader in the making

As long as humanity requires goods, there will be a need for transport. Solvento is the perfect fintech play, and I'm excited about the impact it can have by equipping small transport companies with the tools they need to operate efficiently and expand their businesses.

Keep On Truckin'

CC: Jaime Tabachnik ( Solvento ), Pedro Bosch , Guillermo Bosch , Rafa de la Guia , Ty Findley ( Ironspring Ventures ), Proeza Ventures , Susa Ventures , Zenda Capital , 9Yards Capital , Supply Chain Collective, Felipe Capella ( Loadsmart ), Craig Fuller ( FreightWaves ), Alexis Patjane ( 99minutos.com )