4Trans secures major pre-Series A investment
by Startacus Admin
Supply chain and logistics fintech secures backing from Zero Gravity Capital as it records 350% year-on-year growth and partnership with Allianz Trade.
4Trans, a fintech specialising in financial products for supply chain and logistics companies, has announced a significant but undisclosed pre-Series A from Zero Gravity Capital.
The funding will be used to strengthen the Czech fintech’s presence in Poland and Slovakia, expand its team and make further technological enhancements to its platform. It follows a Czech-record €18 million Seed Round 4Trans secured last year and the recent announcement of a major partnership with Allianz Trade.
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4Trans provides a range of financial products to SME logistic companies and independent hauliers. This allows them to access outstanding cash flow from unpaid invoices, enabling them to use their own funds to improve their daily operations and invest in growth plans, while also protecting them against cash flow challenges. The partnership with Allianz trade also gives 4Trans the ability to offer insurance products to its clients.
To date, 4Trans has financed 90,000 invoices with a total of over €80 million for supply chain and logistics SMEs, marking a 350% year-on-year growth.
Jaroslav Ton, CEO of 4Trans, said: "This investment from Zero Gravity Capital represents more than just financial backing. It's about aligning with a partner who shares our vision and can bolster our expansion plans and technological innovation. With Zero Gravity's Zero One Hundred Conferences platform, we're positioned to access a wealth of knowledge, experience, and networking opportunities that will propel our growth. We're incredibly excited about the promising future this partnership heralds."
Alexandr Lagazzi, CMO of 4Trans, said: "We are addressing a critical need in the fintech market, and our solutions are resonating with our target audience. This is evident from the significant, 350% YoY traction we have already demonstrated."
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Published on: 13th June 2023
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