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AtoB Fixes Broken Trucking Financial System, Addresses Supply Chain Failures, and Empowers Operators and Drivers
AtoB, whose breakthrough payments platform is fixing the trucking industry’s broken financial system, today announced that it has joined the World Economic Forum’s Global Community of Innovators, an invitation-only group of start-ups. most promising ups in the world at the forefront of technological and commercial innovation.
The trucking industry’s financial system is broken. Today, the majority of fleet operators rely on under-regulated and exploitative fuel cards, pay drivers using inefficient legacy systems (such as paper checks), and lack access to low-cost capital for fleet maintenance.
AtoB’s payment platform solves these problems by providing a suite of products to fleet operators and truckers, including no-fee fleet cards; instant pay by direct deposit; and access to bank accounts and savings tools. AtoB makes trucking more transparent, efficient and fair, building the infrastructure needed to lead the industry into the future.
“Trucking is the foundation of the 21st century economy, but it has been ignored by many of the technological innovations behind e-commerce,” said AtoB CEO and co-founder Vignan Velivela, who attends the Economic Forum. worldwide this week. “It is time to close this gap. We are honored to participate in the World Economic Forum, to raise this important issue and offer a practical solution.”
AtoB’s unique fuel analysis system flags fuel theft and opportunities to increase fuel efficiency, two of the biggest challenges facing the industry, while helping fleets reduce emissions and support the transition to cleaner fuels and electric vehicles.
“Trucking needs better tools now. AtoB is tackling the industry’s labor shortage, high turnover rates and high maintenance costs with modern financial tools that empower both fleet operators and truck drivers,” said AtoB co-founder Tushar Misra.
Later this year, AtoB will announce programs to support low-cost fleet maintenance financing and cash-flow-friendly billing tools.
AtoB was founded in 2020 with a mission to transform the trucking industry’s financial management infrastructure. AtoB’s revolutionary platform provides drivers and fleet operators with easy-to-use financial products such as no-fee fleet cards; instant pay by direct deposit; and access to bank accounts and savings tools to facilitate travel and network efficiency. For more information, visit atob.com.