Nuvocargo, the first all-in-one digital platform focused on U.S.-Mexico cross-border trade, announced today the launch of its Carrier Platform, which helps streamline invoicing and payments for motor carriers.
Nuvocargo also announced that Jonathan Rojas, a former vice president at Transfix, has joined the company as Head of Supply to lead the Carrier Sales and Operations team and execute the rollout of its Carrier Platform to customers.
In Dec 2021, Nuvocargo announced its first carrier product, QuickPay for Carriers, a cash advance product for the carriers in Nuvocargo’s marketplace. It was very well received: QuickPay's annualized run rate of transaction volume grew over 900 percent from Q4 2021 to Q1 2022, with average weekly growth since the launch of over 50 percent, and now accounts for over 40 percent of Nuvocargo transactions. Building on that success, Nuvocargo’s Carrier Platform helps carriers get paid faster, save time on invoicing and reduce friction from multiple communication points and data sources, all from a centralized and easy-to-use single source.
“After talking in-depth with our carriers, we discovered that the existing billing processes in the industry were a major point of inefficiency in their operation, leading to payment delays,” said Anaid Chacón, Head of Product at Nuvocargo. “Nuvocargo’s Carrier Platform keeps track of all invoices and load details all in one place, helping carriers streamline invoicing. On average, carriers that have adopted this solution are seeing time savings of 1-3 hours per day, giving them more time to grow their business.”
Available in English and Spanish, Nuvocargo’s Carrier Platform provides carriers with a single place to:
• Upload invoices, additionals, and proof of delivery
• Review all necessary information to issue an invoice and the Bill of Lading Supplement to comply with tax regulations in Mexico and the US
• Access QuickPay (payment in 48 hours) in just one click
• Search and manage loads serviced over a period of time
• View invoices that are pending and paid
Rojas fills key new role at fast-growing Nuvocargo
In his new executive team role at Nuvocargo, Rojas reports to Nuvocargo cofounder and CEO Deepak Chhugani, leading the company’s growing Carrier Sales and Operations team as it launches the new Carrier Platform to customers. With 10+ years of transportation expertise and a background in both startups and freight, Rojas knows how to build a trucking startup for exponential growth and scale. Most recently, he was Vice President of Carrier Management and Operations at Transfix, where he helped the company scale to hundreds of employees and a ~$1B+ valuation as well as hundreds of millions of dollars in revenue. He holds a degree in Finance from the University of Central Florida.
“Carriers are at the very center of what we do at Nuvocargo and our efforts have been very focused on giving them a more streamlined experience than they can find anywhere else. Carriers are essential not only to grow our marketplace, but also delivering best-in-class service to our shippers,” said Chhugani. “On top of building user-friendly technology to streamline their operations, Nuvocargo is constantly seeking to bring unique talent to lead our efforts. Jonathan is the perfect person to lead this effort - his background in both startups and freight will undoubtedly give us an edge as we build out Nuvocargo for exponential growth and scale.”
“The US/Mexico trade lane is one of the most important in the world, but has a lot of fragmented and outdated processes,” said Rojas. “Nuvocargo’s technology is transforming the flow of goods between the two countries, and our leadership team has a unique mix of high-caliber experts from different industries and start-ups that are focused on driving innovation to this space. That combination is what drew me to the company.”