Updated: Dec 22, 2020
There's no question that 2020 has hit all of us hard, life as we know it has completely changed and the current situation has not only affected our daily routines but also threatened our health and our economy.
During the past months, we haven't stopped. Quite the contrary. The ConsolFreight team has been working tirelessly to find and prove innovative solutions to give quicker and more efficient access to liquidity to the freight forwarding industry.
Focused on freight forwarding SMEs, we partnered with top technology companies such as Centrifuge and Maker, that are revolutionizing the economy and creating products that paired with our vision, allow us to provide never before seen opportunities to help the growth and liquidity of logistics providers.
We have been conducting very successful pilots that allow traditional freight forwarders to use their receivables to improve their working capital, enabling growth and better payment terms for their customers.
How does it work?
It is a private investment fund that doesn't need the intervention of traditional financial institutions and that uses alternative streams of money to be to able to use collateralized assets to receive quick loans to help with operations, pay invoices and generate liquidity to continue investing and amplifying volumes to in improving operations and accessing new clients in freight forwarding SMEs.
Freight Forwarder needs to improve liquidity
Freight Forwarder joins the Forward Together Network to have access to out to the ConsolFreight platform
Invoices are loaded to the Consolfreight Platform to be assessed, No bank intervention, or lengthy credit check.
Our system reviews the collateral and provides terms and conditions (payment, terms, for the service.
Freight Forwarder accepts the terms and conditions.
Funds are transferred to the Freight Forwarder’s bank account.
Freight Forwarder repays the service to Consolfreight.
As our CEO Ernesto Vila says:
"We are creating a sleek and simple process that reduces the friction between humans and Blockchain technology to provide liquidity to logistics providers by working with the most innovative solutions to transform digital economies. Our commitment is to eliminate the burden from difficult processes and make them available as ready-to-use solutions that will help the logistics industry to become more efficient in allowing international trade transactions."
With the partnership and technology today available to us thanks to our strategic partners at Centrifuge, we have been able to fund almost 100 freight invoices surpassing $500K, using freight invoices as collateral.
If you have any questions, please feel free to contact firstname.lastname@example.org.