CTA Smart, a Porto Alegre-RS, Brazil, and Miami, USA-based technology company operating in the fuel sector, raised US$3m in funding.
The round was led by Invisto and Indicator Capital.
The company intends to use the funds for expansion into the American market and globally.
Founded in 2012 and led by Bruno Lopes, CEO, CTA Smart utilizes intelligent systems technology for fleet fueling, operating on a Software as a Service (SaaS) model. The platform offers remote installation for fuel management across various industries globally, previously available only to large enterprises. Its real-time, cloud-based management reduces waste and deviations, lowering operational costs while enhancing productivity, profitability, and competitiveness.
CTA Smart’s international brand, Link2Pump, led by CEO Filipe Borges, has grown over 100% annually for two years and operates in seven countries, including Argentina, Uruguay, Paraguay, the Dominican Republic, Mexico, Canada, and the UAE. The technology serves over 40 U.S. states, attracting large-scale clients.
The startup manages more than 2.5 billion liters of diesel annually.
FinSMEs
20/07/2024