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Digital Bank for Freight Carriers in Africa.
Africa has experienced robust macroeconomic growth over the last five years and was the second fastest growing region in 2019 with a GDP of $2.6T, a 3.7% increase on 2018. Nigeria makes up $0.5T, 50% of which comes from Small and Medium Enterprises (SMEs) – a huge number of these operate within large manufacturing supply chains. Starting with Freight Carriers Pivo makes financial services easily accessible for truck owners and truck drivers by providing a bank account, debit card and digital invoicing tools so they can get paid faster and avoid cash flow problems. This will be further augmented by more fundamental financial products such as credit, transaction management, and expense management, to improve their cashflow.
Meet Pivo, a platform that centralizes the way freight carriers collect, make and track payments.
Pivo offers a financial platform for freight carriers starting with a smart bank account, debit card, and digital invoicing that tracks payments to help them get paid faster. It aims to extend with credit and expense management to improve SME cash flow, building an end-to-end financial operating system for supply chain vendors.
From the original launch (Aug 2022) — may be outdated.
Digitizing and processing Microtransactions in Africa
Modern financial infrastructure for the trucking industry.
