Human beings have proven themselves to be good at many different things, but at the same time, there is nothing we do better than growing on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it should become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to deliver the right goods. The same has turned more and more evident in recent times, and assuming one fintech development shakes out just like we envision, it will only put that trend on a higher pedestal moving forward.
Uber Freight has officially partnered with AtoB, the first ever integrated fintech platform to modernize the fleet industry’s financial system, to help carriers conduct a more effective management of their finances. Under the agreed terms, AtoB will let these carriers access exclusive fuel discounts at participating truck stops. Next up, the company will deliver the promised value by offering free same-day payouts on Uber Freight loads for eligible carriers. AtoB’s technological framework will even make a point to streamline expense reporting and controls, while simultaneously building the business’s credit worthiness with purchases. In case it still doesn’t sound like a proposition attractive enough for you, then it must be mentioned that the whole package won’t carry any annual or hidden fees whatsoever.
“We’re proud to partner with Uber Freight to support their nationwide carrier network. This partnership demonstrates the strength and scalability of AtoB’s platform and products,” said Vignan Velivela, CEO of AtoB. “AtoB aligns fleet finances with powerful banking, lending and credit tools that, until now, have been out of reach for many operators. This announcement is an important growth moment for both our company and fleet operators across the U.S.”
Having started its journey in 2017, Uber Freight has swiftly turned into one of the biggest logistics platform in the world. The provider’s bid to make freight booking and management a transparent business has earned it the trust of 100,000 digitally-enabled carriers and thousands of shippers. Boasting over $18 billion in FUM, Uber Freight has, so far, served every segment from small businesses to various global brands, including AB Inbev, Nestle, Land O’Lakes, and more.
Moving on to AtoB, it was the ideal partner here because of its comprehensive experience in equipping drivers, and fleet operators with easy-to-use financial products such as fleet cards; instant direct-deposit payroll, and dedicated saving tools that allow a more intelligible finance management. The company’s excellence in what it does can be further validated from how it has also made the Forbes’ Next Billion-Dollar Startup 2022 list.
“Carriers need innovative tools and solutions to build thriving businesses, maximizing their time and earnings potential on the road,” said Lior Ron, CEO of Uber Freight. “Since our beginning, Uber Freight has brought much-needed transformation to the industry. We’ve introduced driver-first carrier solutions that improve the economics of truck ownership for the thousands of drivers on our platform. Now more than ever, carriers need a solution that simplifies finances, brings same-day payments to wallets, and supports better cash flow management for the future.”
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