Mexico’s economic growth, fueled by nearshoring, has created a fertile environment for startups, despite potential risks from a U.S. trade policy shift under President-elect Donald Trump. Jaime Tabachnik, CEO of Mexican trucking finance startup Solvento, remains optimistic, emphasizing Mexico’s strong logistical and economic ties to the U.S.
Even if trade relations deteriorate, Tabachnik believes the growing Mexican market can sustain his company’s ambitions. He highlighted that the domestic and port-related economic activities in Mexico are substantial enough to support large-scale business growth.
Solvento recently closed a $12.5 million Series A funding round led by Cometa, with participation from Ironspring Ventures. Founded in 2021, the company provides financial solutions for trucking companies, replacing less reliable lenders.
Its services include invoice financing, automated payments, and tools that improve transparency and liquidity in the transportation sector. Tabachnik views these offerings as essential for modernizing and empowering Mexico’s trucking industry.
Mexico’s Startup Growth Thrives Amid Nearshoring, Despite Potential Risks from Trump’s Trade Policies
With plans to expand its customer base from 500 to 5,000 carriers by the end of 2025, Solvento aims to dominate a market it perceives as a “winner takes most” scenario.
Rapid growth is central to its strategy, as the company seeks to establish scale quickly. Future plans include launching fuel cards, offering truck financing, and creating a freight insights platform to help carriers and shippers compare rates, leveraging its extensive invoice data to inform decisions.
Solvento has also focused on forging partnerships with banks and global firms like Uber Freight, which have traditionally been cautious about the Mexican market. By helping customers expand their fleets and revenue streams, Solvento aims to drive a “flywheel” effect—spurring further economic activity that enhances its business model. This strategy is designed to position the company for a successful Series B funding round.
The broader context of nearshoring and the rising economic prominence of Mexico underscore Solvento’s prospects. Tabachnik considers the nearshoring trend a key factor driving growth in industries like logistics and manufacturing.
While acknowledging the term’s buzzword status, he affirms its significance for companies like Solvento that are capitalizing on the shifting global supply chains and Mexico’s strategic advantages.
