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Stracker

Founded in 2018, Stracker is a young French start-up specialized in the development of fleet tracking and management solutions for transportation companies. Stracker offers an innovative software platform that tracks and optimizes transportation operations in real time, using live data.

Its 100% digital solution enables transportation companies to better manage their fleets, reducing operating costs, optimizing routes and improving driver safety. With advanced features such as real-time route planning, unauthorized stop detection and fuel consumption monitoring, companies can better understand and optimize their transportation operations.

A need for cash flow financing

Cash flow financing is a common problem for companies that provide transportation services. This is especially true for companies that operate under a deferred billing model, where customers pay after the service is performed. This can result in a significant time lag between when the company performs the service and when it is paid by its customer.

As Stracker is a commission agent company, the time lag is even greater, as it aggregates services from several suppliers and resells them to its customers. This means that it often has to pay its suppliers before receiving payment from its customers.

Thus, due to a strong business, Stracker needed exponential cash flow in order not to be slowed down in its activity and to be able to continue to meet a growing demand. 

Our response

This is where Karmen stepped in to help Stracker turn things around. Thanks to Karmen, Stracker was able to collect payment immediately after sending its invoice to its customer, without having to wait for the usual payment terms. Karmen advances Stracker the cash needed to pay its suppliers as soon as the service is completed.

The more services Stracker provides, the more cash it has available to finance its growth and further development. 

With Karmen, young startups can focus on their core business without having to worry about cash flow issues, which can be particularly worrisome in high-growth phases. In less than 48 hours, Karmen can release funds to finance your cash flow projects in a 100% digitalized way, without collateral requirements and without capital dilution.