Feb 13 • 21:28 UTC 🇲🇽 Mexico El Financiero (ES)

Solvento and BBVA Spark close financing of 25 million dollars to strengthen transport and logistics in Mexico

Solvento has secured a $25 million financing deal with BBVA Spark to enhance liquidity solutions in Mexico's transport and logistics sector.

Solvento, a Mexican platform specializing in liquidity and payment solutions for the logistics and transport ecosystem, has announced the closure of a $25 million financing deal with BBVA Spark, a unit of BBVA focused on high-growth innovative companies. This financing marks a significant milestone for Solvento as it aims to consolidate its role as a financial infrastructure provider for transport in Mexico, enhancing access to liquidity for carriers and logistics operations that are essential for the national economy.

The financing operation includes an additional preferential tranche targeted at large corporations, which will allow Solvento to extend financing schemes to the supply chains of the largest companies in the country. This will enable Solvento to operate with well-established companies while simultaneously providing liquidity to its network of transporters and suppliers. The competitive terms of this tranche are expected to help streamline operations and strengthen financial stability within logistics and transportation sectors.

BBVA Spark's involvement not only represents a financial backing but also a strategic partnership that could reshape logistics in Mexico by improving operational efficiencies and expanding market access for smaller transport entities. This collaboration highlights the growing trend of financial innovation in sectors traditionally reliant on cash flows, showcasing the power of strategic investment in an evolving economic landscape.

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