Credit financing · Fintech
Solvento closes $25m financing with BBVA Spark
The Mexican platform will expand liquidity and payments services for transportation supply chains.
Solvento has closed $25m in financing with BBVA Spark to expand credit and payment solutions for the Mexican transportation and logistics sector.
The company provides working-capital support for carriers and suppliers that face delayed customer payments. The funding will help sustain fleet operations, routes and other logistics services.
The transaction also includes a preferred tranche aimed at large corporate shippers, extending financing into their supplier networks. Solvento plans to use the facility to serve more participants across the transport ecosystem.
Use of funds
Expand transport-provider financing
Increase liquidity for logistics supply chains
Funding history
Credit financing · This round$25M