The digital platform transforming Mexico’s trucking industry
<p>Juan Tiburcio Martínez Arrazola has run a small trucking company in Mexico City for more than 34 years. But it wasn’t until last year, when he joined the transportation-focused financial platform <a href="https://solvento.mx/" rel="noopener ugc nofollow" target="_blank"><strong>Solvento</strong></a>, that he was able to get the liquidity he needed to pay for truck repairs and finance upfront expenses to take on a new job. Why did it take so long?</p>
<p>Truckers across Mexico and Latin America at large have long faced this same challenge. In Mexico, the US$90 billion trucking industry is extremely fragmented, including more than 200,000 trucking companies, 95 percent of which have less than 30 trucks in their fleet. Unable to secure credit from lenders, these small trucking companies operate on razor-thin margins while forced to cover large upfront expenses like fuel, tolls, driver salaries, and fleet maintenance. “When you put these two together there’s a huge mismatch in what’s going on,” says <a href="https://www.linkedin.com/in/jaime-tabachnik/" rel="noopener ugc nofollow" target="_blank">Jaime Tabachnik</a>, co-founder of Solvento. “These small truckers haven’t been able to grow their companies for decades.”</p>
<p><a href="https://quona-capital.medium.com/the-digital-platform-transforming-mexicos-trucking-industry-99f9fdfaf019"><strong>Read More</strong></a></p>