Solvento November 2024 Series A Funding Round

Solvento, a Mexico-based platform for automating freight payments, announced a successful $12.5 million Series A funding round. The round was led by Cometa and joined by Quona Capital, Ironspring Ventures, Dynamo Ventures, Proeza Ventures, Zenda Capital, and Endeavor Fwd Fund. Solvento plans to use the funds to scale its financial and software solutions across Mexico and expand into the U.S. market. Its platform supports immediate payments for logistics providers, addressing liquidity challenges faced by SMEs in the trucking industry, which accounts for over 95% of the sector.