Mexican fintech Solvento planning cross-border services to US, Colombia, Brazil
Solvento, a fintech for carriers in Mexico, expressed its interest to expand their business in the US, Colombia and Brazil by working with operating and transportation lines that provide cross-border services to US companies.
Solvento co-founder and CEO Jaime Tabachnick exclaimed that they are looking at where to expand their model and that their time frame is to do it in 18 to 24 months.
“In many conversations we found that a similar solution was needed in the transportation industry, because just as they could provide access to pay through technology, the transportation industry needed a solution so they could access their bills for trips,” Tabacknik said to DFSUD.com.
Solvento recently raised US$5 million in a business round led by IronSpring Ventures Fund.
Further, a group of angel investors joined in, such as Felipe Capella (CEO and co-founder of LoadSmart), Craig Fuller (CEO and founder of FreightWaves) and Alexis Patajane (CEO and founder of 99 Minutes).
This figure adds to the US$1.5 million that had already been received in the pre-seed round.
