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DieselBank raises a US$157K follow on while finalizing a US$1.3M seed round with new investors in Brazil

April 26, 2023
Por
Fintechsbrasil
Fintechsbrasil
Notícias e negócios
📷
FintechsBrasil
The information is from partner and CEO Lucas Rodolfo. The follow on was a "bridge" round, because the fintech needed a few months to be able to do the due diligence and go through the whole process of the new round.
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According to Rodolfo, the money will be used to expand credit for truckers and trucking companies. "Last year we already offered R$37 million in credit to truck drivers and trucking companies.
In the next 12 months we will reach R$ 500 million".

The CEO reveals that he managed to bring, for example, one of the founders of iFood, one of the founders of Zé Delivery, one of the founders of a startup called Loadsmart, which is the largest logistics startup in the United States: "They are already a unicorn (the startup received more than US$ 200 million in investments last year)", he informs, adding that they also managed to bring to the board "other successful entrepreneurs".

With more than 20 thousand account holders and a transaction volume that exceeded the R$ 300 million mark last season, the fintech from Campinas - which started by offering free digital accounts, debit cards, and cashback for fueling at accredited gas stations for independent truck drivers - has recently reinforced its operations with transportation companies and launched services for gas stations.

"The goal, with the incorporation of companies to the clientele, is to increase fivefold the volume of operations in 2023 to about R$1.5 billion," said Rodolfo.
Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

According to Rodolfo, the money will be used to expand credit for truckers and trucking companies. "Last year we already offered R$37 million in credit to truck drivers and trucking companies.
In the next 12 months we will reach R$ 500 million".

The CEO reveals that he managed to bring, for example, one of the founders of iFood, one of the founders of Zé Delivery, one of the founders of a startup called Loadsmart, which is the largest logistics startup in the United States: "They are already a unicorn (the startup received more than US$ 200 million in investments last year)", he informs, adding that they also managed to bring to the board "other successful entrepreneurs".

With more than 20 thousand account holders and a transaction volume that exceeded the R$ 300 million mark last season, the fintech from Campinas - which started by offering free digital accounts, debit cards, and cashback for fueling at accredited gas stations for independent truck drivers - has recently reinforced its operations with transportation companies and launched services for gas stations.

"The goal, with the incorporation of companies to the clientele, is to increase fivefold the volume of operations in 2023 to about R$1.5 billion," said Rodolfo.
Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.

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País de origen:
Headquarters:
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