PROBLEM
The two main growth barriers for a Transportation Company are:
1. The lack of working capital to finance its operation and the high financial cost for companies in the sector. While the average portfolio period for a transport company is 45 days from the moment the service is delivered and gathers all the supporting documentation that is necessary to prepare the invoice to the Client, advance payment to their independent contractor suppliers must be made before starting the trip and can represent between 60% and 70% of the freight value.
2. The manual and laggard operational processes they use daily to coordinate the hiring and payment of their independent contractors. Vehicle availability is still requested via WhatsApp and advance payments are made using Excel files and traditional banking portals. These processes take an average of 2 hours until the driver receives the payment necessary to start their trip.
SOLUTION
By addressing these critical problems, AVENFOR WAVF empowers organizations to achieve seamless compliance, robust cybersecurity, and superior quality management, driving operational success and building trust with stakeholders.
VALUE PROPOSAL
Through our B2B2C platform in a SAAS contracting model of "payments initiation", we process thousands of transactions monthly with a single click by the Transportation Companies, reducing up to 70% their financial cost by sharing it with independent contractors.
TWEET PITCH
The Fintech that automates payments and financing for small transportation independent contractors, with a receivable turnover up to 4 times a month. Our technology (SAAS) allows Transportation Companies to substantially reduce the time for payments processing from 2 hours to 2 minutes and reduce up to 70% their financial costs.
TARGET MARKET
CargaYa is the right mix between automation & financial cost reduction. Our target are Transportation companies using independent contractos which represente more than 80% of trucks in lLatam. Our competitors are 1. traditional Exchange Houses, no technology at all and high cost; 2. other fintechs/loans, technology focused on lending, not on payment process; and 3. Traditional Banking lower cost but no automation of payments. The opportunity is USD$120B in Latam.