Solventa secures $50 million debt facility via Lendable

By Marisa Wong

Los Angeles, Dec. 6 – Solvento announced it closed a $50 million debt facility from Lendable, according to a press release.

The company said it also raised an oversubscribed equity round led by Quona Capital, with participation from Dynamo Ventures, Ironspring Ventures, Proeza Ventures and Zenda VC.

The funding will go toward the further development of Solvento’s product and expansion in commercial efforts to meet the growing needs of the Latin American trucking market.

Solvento is a Mexican fintech company that develops payment and credit infrastructure for Latin America’s trucking sector.

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