Frete.com raised $28M through a receivables investment fund (FIDC) structured by XP.
Founded in Brazil, Frete.com operates a digital freight marketplace through Fretebras, connecting cargo owners, transport companies, and truck drivers. It serves more than 25,000 transport companies and approximately 900,000 truck drivers, aiming to improve efficiency and access to services in the country’s road freight sector.
The funds will allow Frete.com to scale its existing credit program, increasing access to working capital for transport companies and logistics operators that rely on its marketplace.
“The investment from XP, one of the largest banks in Latin America, validates the strength of our credit model and the impact it has generated for the road transport sector,” said Eduardo Jotha, head of fund management at Frete.com.
By the end of 2025, Frete.com had extended approximately $120M in credit to transport companies and expects to surpass $300M in 2026.
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