Delaware, USA, June 2024 — The U.S. freight sector recorded over $940 billion in revenue by the end of 2022. Despite this growth, truckers often face significant challenges in maintaining positive cash flow due to hidden fees, complex contract terms, and delayed payments from traditional freight factoring services. Maxx Capital Solutions is here to change that by introducing a blockchain-based approach to freight factoring, offering faster funding, transparent processes, and more control for owner-operators and small trucking businesses.
Simplifying Freight Factoring
Maxx Capital Solutions uses blockchain technology to provide straightforward, efficient, and transparent freight factoring services. By eliminating common frustrations associated with traditional factoring, such as hidden fees, delayed payments, and convoluted contracts, Maxx Capital ensures truckers can manage their operations smoothly and efficiently.
How Maxx Capital Works for Truckers
- Invoice Upload: After completing a move, truckers upload their invoice through Maxx Capital’s Web2 mobile application.
- Smart Contract Creation: The invoice is converted into a smart contract on the Web3 platform. Simultaneously, a new invoice is generated and sent to the broker for payment.
- Instant Funding: The smart contract is funded by decentralized finance (DeFi) stakeholders. The funds are then immediately released to the trucker via debit/credit card, which can be used or transferred to their personal bank account.
- Payment Collection: When the broker pays the invoice, the funds are collected and distributed to the DeFi stakeholders who funded the invoice, including their profit share.
Fixed Rates and No Hidden Fees
Unlike traditional factoring companies, Maxx Capital offers a transparent, fixed rate with no hidden fees. Truckers know exactly how much they will receive before submitting any documents, ensuring peace of mind and financial predictability.
No Contracts or Recourse
Maxx Capital removes the red tape by offering a no-contract, no-recourse solution. Truckers can use the service without long-term commitments or penalties, making it an ideal choice for both regular and occasional factoring needs.
Immediate Funding and Transparency
Thanks to blockchain technology, truckers can receive immediate funding at any time of day. Every transaction is recorded on a distributed ledger, ensuring full transparency and accountability.
Stable Currency Transactions
Maxx Capital uses USDC to back invoices, providing a stable and liquid option for truckers. This ensures that truckers receive their exact invoice amount less a 5% fee, without the volatility associated with other cryptocurrencies.
User-Friendly Platform
The specialized platform is simple and straightforward, making it easy for truckers to upload invoices and receive funding. The platform also provides detailed statistics for each trucker and broker, including average funding requests and payment speeds, to help users make informed decisions.
The Future of Freight Factoring
Maxx Capital Solutions is committed to revolutionizing the trucking industry by providing innovative, blockchain-based freight factoring services. The company is inviting truckers to join its pilot program, set to begin at the end of Q3 2024.
For more information, visit https://www.maxxcapitalsolutions.com
