Vixtra is a fintech platform that provides digital credit and currency exchange solutions specifically for Latin American importers, utilizing the cargo in transit as collateral without impacting existing credit lines or incurring IOF taxes. The platform streamlines the import financing process, enabling businesses to pay international suppliers upfront and manage their operations through an integrated, user-friendly interface.
Funding
$21.4M 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
Latin American importers face challenges in accessing credit and managing currency exchange, often relying on traditional financing methods that impact existing credit lines and incur IOF taxes. These businesses need flexible financial solutions to pay international suppliers upfront and streamline import operations.
Solution
Vixtra is a fintech platform that provides digital credit and currency exchange solutions tailored for Latin American importers. The platform utilizes cargo in transit as collateral, offering credit without affecting existing credit lines or incurring IOF taxes. Vixtra enables businesses to pay international suppliers in advance and manage operations through an integrated platform. The platform offers two credit modalities: "Crédito Pré" for supplier payments before cargo shipment and "Crédito Flex" for general use upon cargo transit.
Target Audience
Vixtra primarily targets importers in Brazil and Latin America who utilize maritime shipping and seek flexible financing and currency exchange solutions.
Features
- Credit lines secured by cargo in transit, without impacting existing SISBACEN limits.
- "Crédito Pré" option to pay suppliers before merchandise is shipped, with up to 180-day payment terms.
- "Crédito Flex" option to receive funds in local currency for operational expenses, using cargo as collateral.
- Currency exchange services integrated into the platform, with support from specialists.
- Real-time cargo tracking and management tools within the platform.
- Streamlined credit approval process, with decisions within three business days.
- Digital platform providing a consolidated view of import operations.