According to Jaime Tabachnik, co-founder and CEO of Solvento, the funds will be used for the development and expansion of the firm, focusing on meeting the growing demand for financing and technological tools in the sector.
Nearshoring generates greater demand for transportation to move goods, exacerbating capacity issues and the need for financial integration solutions. According to Tabachnik, shippers are looking to work with companies that offer fast payments and digitized processes for better visibility into their payments.
Solvento joins other financial technology platforms that focus on lending to the logistics sector and are looking to capitalize on the opportunities presented by nearshoring, such as Mundi and Finkargo, which have also closed significant investment rounds for this purpose.
