Solvento is a technology company.
Solvento transforms logistics with AI, data, and financing, enabling faster liquidity and risk anticipation.
Solvento has raised $24.0M across 4 funding rounds.
Solvento has raised $24.0M in total across 4 funding rounds.
Solvento is a Mexico City-based fintech company founded in 2021 that builds an AI-powered platform to automate payments, provide invoice financing, and deliver working capital solutions for trucking, logistics, and shipping companies in Latin America.[1][3][4][5] It serves over 100 clients, including major players like 99minutos, Packengers, Onest Logistics, and Liftit, by addressing cash flow bottlenecks in freight operations—such as slow collections and payments—through auditing tools, embedded financing, and full visibility into spending.[1][3] The company has disbursed over $80 million in cumulative loans to more than 1,000 trucking firms, maintains a low 2% past-due portfolio, and has raised $10 million in seed funding plus additional debt, with a Series A in progress as of 2024.[1][3][6] This has fueled strong growth, including recognition on FreightWaves' FreightTech 100 list and rapid scaling of its loan book.[6]
Solvento was co-founded in 2021 by Jaime Tabachnik (CEO), who identified critical pain points in Mexico's trucking sector during the Covid-19 pandemic, when supply chain vulnerabilities highlighted the need for faster, digitized payments and financing.[1][3][6] Tabachnik's vision emerged from observing how logistics firms struggled with analog back-office processes, delayed invoice collections, and limited access to capital, particularly smaller operators.[1][6] Early traction came quickly: within its first year, Solvento financed over 15,000 freight invoices and provided $13 million in loans to 4,000+ companies, evolving into a specialized platform amid Mexico's nearshoring boom.[6] Pivotal moments include a $4.5 million raise in 2023 backed by investors like Lendable, Quona, and angels from 99 Minutos and Loadsmart, plus placements on industry lists like FreightTech 100.[3][6]
(Note: A separate "Solvento Technology Group" in Asia focuses on IT services but appears unrelated to this fintech entity.[2])
Solvento rides the nearshoring wave to Mexico, fueled by US firms reshoring supply chains post-Covid to cut costs and complexity, alongside e-commerce growth and regulatory mandates for transparency in trucking.[3][6] Timing is ideal: LatAm logistics faces chronic cash flow issues, with trucking firms waiting weeks for payments; Solvento's automation and financing level the playing field for smaller players against larger carriers.[1][6] Market tailwinds include Mexico's proximity to the US, rising freight volumes, and fintech adoption in underserved sectors, positioning Solvento as a first-mover in a fragmented $100B+ LatAm trucking market.[1][3][6] It influences the ecosystem by enabling scale for 1,000+ firms, reducing defaults, and inspiring investor interest, potentially accelerating digital transformation in logistics fintech.[1][6]
Solvento is poised to dominate LatAm trucking fintech as the go-to working capital provider, leveraging its data moat for AI-driven underwriting and product expansion.[1][6] Next steps include closing Series A (targeted Q2 2024), US market entry, team growth in engineering, and new features like advanced analytics—riding sustained nearshoring, e-commerce, and regulatory trends.[1][3][6] Its influence could expand by powering more resilient supply chains, but success hinges on navigating credit risks in volatile economies. As a 2021 startup already financing $80M+ in invoices, Solvento exemplifies how targeted fintech solves real-world logistics friction, transforming cash-strapped truckers into scalable operators.[1][3]
Solvento has raised $24.0M in total across 4 funding rounds.
Solvento's investors include Dynamo Ventures, IrishAngels, Ironspring Ventures, Motivate Ventures, Schematic Ventures, ValueStream Ventures.
Solvento has raised $24.0M across 4 funding rounds. Most recently, it raised $13.0M Series A in November 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2024 | $13.0M Series A | Dynamo Ventures, IrishAngels, Ironspring Ventures, Motivate Ventures, Schematic Ventures, ValueStream Ventures | |
| Dec 1, 2023 | $4.0M Seed | Dynamo Ventures, IrishAngels, Ironspring Ventures, Motivate Ventures, Schematic Ventures, ValueStream Ventures | |
| Oct 1, 2022 | $5.0M Seed | IrishAngels, Ironspring Ventures, Motivate Ventures, Schematic Ventures | |
| Dec 1, 2021 | $2.0M Seed | Dynamo Ventures, ValueStream Ventures |