Torqi, a Brazilian financial technology (fintech) specializing in agribusiness logistics, has received a $12 million investment round led by Galapagos Capital. This funding will enable Torqi to explore new opportunities in the transportation market and enhance credit and collection processes.
As Brazil's transportation market undergoes a digital transformation, Torqi stands out with its transparent and agile approach, addressing the historically neglected needs of the industry. Financial technology has gained the trust of agribusiness customers in Brazil by significantly reducing ownership costs.