Xpede
An application service provider (ASP) that helps lenders quickly establish an online loan presence under their own brand.
| Date | Investors | Amount | Round |
|---|---|---|---|
$43.0m | Series B | ||
| Total Funding | 000k | ||
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Xpede Inc. operates as a specialized, app-based delivery and logistics company focusing on the Southern California market. Founded in 2022 by Dave Vo, the Garden Grove-based firm addresses a niche for on-demand delivery of personal and business items, distinguishing itself from food and grocery delivery services. The company's core business revolves around providing rapid, affordable courier services for items such as documents, keys, packages under 60 pounds, and other essential goods for both individual consumers and small businesses.
The business model is built on an app-based platform that connects users with a network of independent contractor drivers. Revenue is generated through flat delivery fees charged per order, with options for add-on services like insurance. The company emphasizes transparency in its pricing, with no hidden fees, and offers features like real-time tracking, secure verification codes, and the ability for the recipient to pay for the delivery. Operations currently span six Southern California counties, including Los Angeles, Orange, and San Diego, with services available seven days a week from 7 AM to midnight.
Seeking to diversify its revenue streams, Xpede is developing a dual-platform business that integrates mobile vehicle advertising. This model will utilize its delivery vehicles as moving billboards for local businesses, powered by artificial intelligence for route and ad optimization. Rather than pursuing traditional venture capital, founder Dave Vo has opted for a community-focused approach, launching a crowdfunding campaign on Wefunder to allow local customers and supporters to invest and own equity in the company. The funds are intended to expand infrastructure and accelerate the rollout of its AI-enhanced advertising platform, aiming to provide small businesses with accessible marketing and logistics tools.
Keywords: on-demand delivery, local logistics, courier service, small business delivery, Southern California, package delivery, document delivery, mobile advertising, logistics platform, AI route optimization, last-mile delivery, crowdfunding, Dave Vo, community commerce, independent contractor drivers, app-based delivery, personal item delivery, legal document courier