Solvento, a fintech for carriers in Mexico, announced a $5M Seed Round

Solvento, the first fintech focused on the transportation sector in Mexico, announced a US$5 million capital raise. Solvento solves many financial needs for carriers: automating payments, invoice financing, and credit. By having those issues solved, they can focus on their operation and growth. The company, which has been in operation since 2021, revealed that it has accumulated $13 million in loans, which have gone to more than 4,000 carriers.

Minteo is targeting its beta version to be released next month. The platform should be fully live to the public by the beginning of 2023. Minteo plans to differentiate itself through its infrastructure and focus on working with local artists and brands. The capital will be used to build up the platform, get artists on board from Colombia and Mexico then over time expand into other Latin American countries.

CDPI Emerging Markets

iiDENTIFii, the South African-based innovative biometrics tech firm, has raised US$15 million growth capital, in what is to date, the largest African Series A in the identity verification space. The round was led by African investment company Arise whose cornerstone investors include Rabobank Partnerships, Norfund, NorFinance, and FMO.

CDPI Emerging Markets

The U.S. Senate has passed a bill that could potentially ban TikTok in the U.S. if its Chinese owner, ByteDance, does not sell its holdings within a year. The bill now goes to the President Biden, who has said he will sign it. Court challenges are likely to follow.

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Solvento, a fintech for carriers in Mexico, announced a $5M Seed Round

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