Freight Technologies, Inc. (NASDAQ: FRGT) and Solvento, a leading fintech platform for the trucking and logistics sector in Latin America, announced a strategic partnership that will embed Solvento’s financial management tools—such as invoicing, collections, payments, factoring and receivables reporting—directly into Freight Technologies’ Fleet Rocket Transportation Management System (TMS). The integration will allow brokers, carriers and shippers using Fleet Rocket to automatically sync shipment and operational data with Solvento’s financial suite, while Solvento’s customers will gain access to Fleet Rocket’s end‑to‑end planning, dispatch, visibility and performance analytics, creating a closed‑loop logistics and finance ecosystem.
The partnership is designed to enhance operational efficiency and transparency for Freight Technologies’ customers. Freight’s FY24 revenue fell 19.5% to $13.7 million, and the company reported a net loss of $5.6 million, although its gross margin improved to 9.8% from 7.9% in FY23. Liquidity concerns and a Nasdaq deficiency notice underscore the urgency of new revenue streams. By integrating Solvento’s financial tools, Freight aims to broaden its product offering, increase platform usage, and generate incremental revenue that can help offset current headwinds.
Solvento, founded in 2021, has become a key player in Latin America’s logistics fintech space, processing more than 150,000 invoices, supporting over 3,000 carriers and financing more than MXN 4.5 billion in freight operations. The company raised $12.5 million in a Series A round led by Cometa in November 2024, and the partnership expands Solvento’s reach into the U.S. market while leveraging Freight’s AI‑driven software capabilities.
Javier Selgas, CEO of Freight Technologies, said, “By connecting logistics execution with Solvento’s full suite of financial services, we are closing the loop between operations and back‑office functions.” Jaime Tabachnik, CEO of Solvento, added, “Collaborating with Freight Technologies allows us to deliver that value directly inside the logistics process itself.”
The partnership was welcomed by investors, reflecting confidence in the integrated solution. Freight’s guidance for 2025 revenue of $20‑25 million signals optimism about the partnership’s potential to accelerate adoption and drive higher usage.
The collaboration positions Freight Technologies to strengthen its software and AI focus while giving Solvento access to a broader customer base. Combined capabilities could create a more comprehensive solution for logistics clients, potentially improving revenue and mitigating current financial challenges.
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