TruckSmarter, a San Francisco, CA-based digital platform designed to assisting owner-operators and trucking companies in optimizing their operations, received $50M in Debt financing, with the option to scale to $100M, led by CoVenture.
The company intends to use the funds to continue to scale its suite of financial services to further empower truck drivers to build, manage, and grow their businesses.
Led by CEO Daniel Kao, TruckSmarter is a company offering driver-first solutions, serving as a one-stop shop of financial services for truck drivers, owner-operators, and fleets. With it, truck drivers have access to a 100% free load board, transparent freight factoring, fuel discounts, and banking services. Designed and built for truck drivers, the app streamlines their workflows, quickens payment processes, and gives owners easier access to the capital they need to run their businesses.
Commenting on the news, Daniel Kao said: “In order to transform the logistics industry, we must focus on its backbone – truck drivers. TruckSmarter is committed to providing tailored products and tools to truck drivers that streamline their day-to-day operations, increase earnings, make their lives easier, and, in turn, improve all of our lives.”
FinSMEs
15/07/2024