Torqi offers a digital platform that allows Brazilian road transport carriers to quickly convert their electronic transport invoices (CT-e) into cash, providing funds within minutes of request. This service addresses the cash flow challenges faced by transport companies by enabling immediate access to receivables without complex paperwork or high fees.
Funding
$12M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Brazilian road transport carriers often face cash flow challenges due to delays in receiving payments for their electronic transport invoices (CT-e). This can hinder their ability to cover operational expenses and invest in growth. Traditional financing options may involve complex paperwork, lengthy approval processes, and high fees, making it difficult for carriers to access funds quickly.
Solution
Torqi provides a digital platform that enables Brazilian road transport carriers to convert their CT-e invoices into cash rapidly. Carriers can upload their invoices to the platform and receive funds within minutes of the request, improving their cash flow. The platform streamlines the financing process, eliminating complex paperwork and reducing the time it takes to access receivables. By providing quick access to funds, Torqi helps transport companies manage their finances more effectively and supports their operational needs.
Target Audience
The primary target audience is road transport carriers in Brazil, particularly small and medium-sized enterprises (SMEs) that require quick access to working capital.
Features
- Digital platform for uploading and managing CT-e invoices
- Rapid conversion of invoices into cash, with funds disbursed within minutes
- Automated risk assessment and credit approval process
- Integration with major financial institutions for secure and efficient transactions
- Transparent fee structure with no hidden charges
- Real-time tracking of invoice status and payment history
- User-friendly interface accessible on desktop and mobile devices