Frete.com, Latin America's largest digital freight marketplace, has secured a significant $28 million (R$ 150 million) investment to expand its financial services division. The capital was raised through a receivables investment fund (FIDC) structured by XP, one of the region's leading financial institutions. This strategic infusion of funds is earmarked to scale the company's credit program, providing vital working capital to thousands of transport companies operating within its ecosystem.
Strategic Partnership to Fuel Growth
The partnership with XP marks a new phase of expansion for Frete.com's credit initiatives, which already include collaborations with BTG Pactual and Polígono Capital. This new investment will significantly enhance the company's ability to offer financing solutions to its vast network of logistics partners. The primary objective is to improve cash flow and operational efficiency for the more than 25,000 transport companies registered on the Fretebras platform.
Expanding Financial Access in Logistics
This funding directly addresses a critical need for accessible credit within Brazil's extensive road freight sector, a vital component of the national economy. Frete.com's platform, which connects carriers with approximately 900,000 truck drivers, is uniquely positioned to distribute this capital effectively. The initiative is designed to empower small and medium-sized transport operators, increasing their competitiveness and fostering a more resilient supply chain.
Company leadership views the deal as a powerful endorsement of its business model and its impact on the industry. Eduardo Jotha, head of fund management at Frete.com, stated the investment validates the strength of their credit model. Meanwhile, XP's Structured Credit Manager, Jorge Risques, emphasized the partnership's potential to deliver scalable and diversified credit to a strategic economic sector through Frete.com's advanced technological platform.
Ambitious Projections and Proven Performance
With this new capital, Frete.com has set ambitious targets for its credit operations, building on a strong foundation of growth. The company projects it will extend approximately $120 million (R$ 600 million) in credit by the end of 2025. Looking further ahead, it aims to surpass the $300 million (R$ 1.5 billion) mark in credit volume during 2026, demonstrating its commitment to long-term expansion.
The company's rapid growth, reported at 400% annually, is underpinned by a sophisticated technology and risk management framework. By leveraging machine learning algorithms and a robust anti-fraud system, Frete.com maintains controlled default rates and provides consistent returns. This technological advantage enables precise risk assessments, allowing the company to serve professionals and businesses often overlooked by traditional financial institutions.
A Broader Ecosystem for Road Transport
Frete.com's vision extends beyond financing for transport companies to create a comprehensive financial and logistical ecosystem. The company also offers exclusive credit lines to over 2,000 independent truck drivers each month, tailoring products to their specific needs. Recent platform innovations, such as the integrated Chat Fretebras feature, further digitize and secure freight transactions while enriching the company's data for improved service delivery.
Ultimately, this $28 million investment from XP is a pivotal step in Frete.com's mission to revolutionize Latin America's road transport industry. The partnership not only provides financial fuel but also solidifies the company's standing as a leader at the intersection of logistics and fintech. By continuing to integrate technology with financial solutions, Frete.com is well-positioned to drive greater efficiency, security, and opportunity throughout the sector.