The Latvian start-up “CargoPoint”, by investing almost one million euros, has created a digital platform that connects shippers with their carriers, the company reports.
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“CargoPoint” started active operations in Latvia last January, later also in Lithuania and Estonia. Currently, the company’s goal is to become a leader in its niche in the Baltic states. By polishing the functionality and external appearance of the platform, “CargoPoint” plans to conquer the markets of other European countries in the near future.
According to the head of the start-up, Mārtiņš Lucaus, several digitized solutions are being introduced in the transport sector, just like elsewhere, but the goal of “CargoPoint” is to digitize and automate standard processes, thus creating a product that is equally useful for a wide range of different users.
This platform facilitates time-consuming daily processes for both parties: finding a suitable carrier and coordinating cooperation for shippers, and customer attraction and payment coordination for transport companies, he explains. “All these processes are done automatically and promptly by the platform on behalf of both parties. Furthermore, shippers receive only one invoice from us, no matter how many orders they have placed and how many different carriers they have used. part, instead of the freight carriers, we automatically create an invoice for all completed orders and pay it ourselves. Therefore, in cooperation with “CargoPoint”, transport companies will need significantly less accounting services,” says the head of the start-up company.
One of the largest partners of “CargoPoint”, which initially believed in his vision, is the construction equipment rental company “Storent”. The beginning of this collaboration was a turning point in the development of “CargoPoint”, which led to the development of the first version of “CargoPoint”.
Guntis Grīnbergs, head of sales and business development at ‘Storent Group’ says that the idea of this platform seemed persuasive, because ‘Storent’ is always looking for ways to streamline their business processes and digitize routine daily tasks , replacing them with advanced technologies. “We have various non-standard situations in our daily life; currently,” CargoPoint “is able to provide up to 90% of our transportation needs,” he says.
Currently, “CargoPoint” cooperates with various Baltic companies, among which there are more than 30 freight forwarders and more than 100 transport carriers.
The manager of “CargoPoint”, M. Lucaus, explains that the initial setting of the start-up was to create a transparent and transparent platform that would make daily work as easy as possible for companies. The sender places his order on the “CargoPoint” platform, indicating the preferred type of transport for the transport of the goods. Meanwhile, this request is received by several transport companies that meet the specified criteria, whose task is to express their offer. After receiving the offers, “CargoPoint” automatically evaluates the best solution and offers the most advantageous option to the forwarder. There are currently 20 different types of transport on the platform and in the near future it is also planned to provide private individuals with the opportunity to send their private shipments through the platform.
The CargoPoint app is available for iOS and Android users.
