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Cloudtrucks
Logistics & Supply Chain
CloudTrucks is a fintech and software company providing financial and back-office tools, including instant payments and expense management, for independent truck drivers and small trucking fleets.
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CloudTrucks was founded in 2019 by Miguel Fernandez, Ryan Rounkles, and others with backgrounds in fintech and marketplace technology, based on the observation that independent owner-operator truckers and small trucking fleets, a segment that makes up a very large share of the U.S. trucking industry, have historically operated with limited access to the kind of financial tools, business software, and administrative support that larger trucking fleets can afford to build or license, leaving many independent truckers managing their business finances through a patchwork of manual processes, paper invoices, and slow-paying freight brokers. CloudTrucks's platform provides independent truckers and small fleets with tools including a business bank account and payment card designed for trucking-specific expenses, instant or same-day payment options for completed freight loads rather than waiting the standard 30 or more days many freight brokers and shippers typically take to pay invoices, expense tracking and categorization aimed at simplifying tax preparation and business financial management, and load-booking and dispatching tools that help independent truckers find and manage freight opportunities more efficiently. The company's core value proposition centers on giving independent truckers, who often operate essentially as small business owners without the administrative and financial infrastructure larger companies have, access to financial tools and faster payment options that improve their cash flow and reduce the administrative burden of running an independent trucking operation, an underserved segment given how fragmented and operationally intensive small trucking businesses can be to serve profitably for many traditional financial services providers. CloudTrucks has raised venture funding from investors including Founders Fund, Fin VC, and Bling Capital, positioning itself within a broader wave of fintech and software companies targeting the trucking and logistics industry, alongside competitors such as AtoB and various trucking-focused factoring and payment companies.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
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