Traxain
Traxain's CDC guarantees of payment for logistics and transport.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
N/A | - | ||
| Total Funding | 000k | ||
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Traxain is a fintech startup that operates in the logistics and transportation sector. The company provides a specialized financial service known as CDC (Credit Default Coverage), which guarantees payments for logistics and transport services. This means that Traxain ensures that businesses involved in transporting goods get paid, even if their clients fail to pay. This service is particularly valuable in the logistics industry, where payment delays and defaults can significantly disrupt operations.
Traxain serves a variety of clients, including customers who need goods transported, intermediaries who arrange these services, and contractors who perform the actual transportation. By offering payment guarantees, Traxain helps these clients manage financial risks and maintain cash flow, which is crucial for their operations.
The market Traxain operates in is the B2B (business-to-business) financial technology sector, specifically focusing on the logistics and transportation industry. This market is characterized by high transaction volumes and the need for reliable payment solutions.
Traxain's business model revolves around providing CDC services for a fee. The company makes money by charging clients for the financial guarantees it provides. This fee can be seen as a form of insurance premium, where clients pay to mitigate the risk of non-payment. By ensuring that transport and logistics companies receive their payments on time, Traxain adds significant value to its clients, helping them to operate more smoothly and efficiently.
The leadership team at Traxain includes experienced professionals with extensive backgrounds in both financial technology and road freight transport. Ignacio Pardo, the Technical Founder and CEO, has five years of experience in B2B financial tech, while Manuel Pardo, the Legal Founder and Technical Director, brings 28 years of experience in road freight transport.
Keywords: fintech, logistics, transportation, payment guarantees, CDC, B2B, financial risk, cash flow, transport services, financial technology.