Solvento lands $12.5M Series A led by Cometa

Mexican fintech Solvento raised a $12.5M Series A led by Cometa, with participation from Quona Capital, Ironspring Ventures, Dynamo Ventures, Proeza Ventures, Zenda Capital, and Endeavor Fwd Fund. This funding follows Solvento’s $53.5M debt and venture round in December 2023, totaling $75.5M in funding to date.

Solvento provides liquidity to the trucking industry by automating freight payments and financing invoices, enabling truckers to access instant payments and maintain cash flow.

“Even though Mexico is the most profitable region in the world for many big banks and finance companies, they still do not have the interest or the distribution muscle to serve an industry as fragmented and particular as the trucking industry. This is why today’s carriers often have no choice but to rely on loan sharks who exploit their situation with predatory, highly unfavorable terms,” said Jaime Tabachnik, CEO of Solvento.

Solvento will use the funds to scale its software and financial solutions across Mexico and expand its services to the U.S., with plans to grow from 500 to 5,000 active carriers by the end of 2025.

“As nearshoring reshapes global trade, Mexico’s strategic importance grows, and Solvento’s cutting-edge technology is redefining supply chains, optimizing cross-border operations, and enhancing the region’s logistics efficiency,” said Pepe Bolaños, Managing Partner at Cometa.

Founded in 2021, Solvento has financed over $180M in loans to 1,400 trucking companies and processed more than 100K freight invoices.