Brazilian freight marketplace Frete.com buys transportation software provider

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SAO PAULO, July 19 (Reuters) - Brazilian freight marketplace Frete.com has completed its first acquisition, of transportation management software provider InterSite. InterSite issues documents for around 4 million truck trips a year, which generate around 11 billion reais in freight payments. Frete.com has among its investors Tencent, Softbank Group (9984.T), Goldman Sachs, Farallon Capital and individuals including buyout firm KKR founder Henry Kravis and Oscar Salazar, Ubers co-founder. CEO Federico Vega said the startup is now looking for potential acquisitions of other software providers, data science firms and fintechs. Data analysis of truck drivers and companies sharply reduces cargo theft, Vega added.

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Fintech & Banking
applications
Accounting and Taxes

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