Nowports

Nowports is a Mexican digital freight forwarding company founded in 2018 by Alfonso de los Ríos and Maximiliano Casal. The company specializes in automating the entire supply chain process, enabling cargo movement via maritime, aerial, and ground transportation across Latin America. Nowports collaborates with leading airlines, shipping companies, railroads, and trucking firms to facilitate its operations. The company offers a range of services, including a digital platform that provides real-time visibility into shipment locations, status, and any potential issues. Additionally, Nowports provides inventory financing solutions, allowing customers to acquire merchandise for import and pay for it at a later date. The company also offers cargo insurance to protect clients' shipments during transportation.

In December 2022, Nowports achieved a valuation of USD 1.1 billion after raising USD 150 million in a Series C funding round led by SoftBank Latin America Fund. This funding will be utilized to expand Nowports' financing services across Latin America and establish additional offices in Brazil, Mexico, and Chile. The company also plans to increase its engineering workforce to drive technological advancements. Since its inception, Nowports has experienced remarkable growth, with its revenue increasing by over 12 times year-over-year in 2022, accompanied by a tenfold increase in the number of containers shipped and customers served during the same period.