Uber Freight, the logistics enterprise spun out of Uber in 2018, is partnering with transportation fintech startup AtoB to supply carriers gasoline playing cards and spend administration software program.
AtoB, a four-year-old firm that has been described as Stripe for transportation, presents an built-in monetary platform based mostly round its core product of a gasoline card for truckers. In contrast to different gasoline playing cards provided by opponents like Brex and Fleetcor, AtoB’s gasoline card relies on the Visa platform, so funds usually tend to be accepted at a wider vary of gasoline retailers. There are additionally no hidden or annual charges, in keeping with the corporate.
Whereas the service gasoline card and spend administration software program will likely be built-in instantly with Uber Freight’s product and platform, will probably be powered by AtoB. Truckers will be capable to entry unique gasoline reductions at taking part truck stops, free same-day payouts on Uber Freight hundreds and streamlined expense reporting and controls, in keeping with AtoB.
AtoB presents two variations of its gasoline card: the Flex Card and Limitless. The previous is a cost card with a credit score line, and the latter is a pay as you go card. The startup says the pay as you go card will get authorized no matter credit score rating, and may also help companies construct credit score.
AtoB’s gasoline card additionally addresses gasoline theft, which the corporate says is a significant price driver for fleets. Telematics location monitoring and fuel-level monitoring assist AtoB notice each if a card is getting used distant from the assigned automobile and if the cardboard is getting used too quickly after fueling and block transactions to forestall theft and fraud.
AtoB was based in 2019 with a mission to assist alleviate the trucker scarcity by fixing among the trade’s largest ache factors: outdated and unreliable gasoline playing cards, and outdated and damaged payroll. In simply 4 years, AtoB has scaled to a community of 25,000 companies and 100,000 truck drivers within the U.S. The partnership with Uber Freight will give AtoB entry to the logistic firm’s 100,000 carriers and 1000’s of shippers.
“Carriers want modern instruments and options to construct thriving companies, maximizing their time and earnings potential on the street,” stated Uber Freight CEO Lior Ron in an announcement. “Since our starting, Uber Freight has introduced much-needed transformation to the trade. We’ve launched driver-first service options that enhance the economics of truck possession for the 1000’s of drivers on our platform. Now greater than ever, carriers want an answer that simplifies funds, brings same-day funds to wallets, and helps higher money movement administration for the long run.”
Uber Freight has constantly tapped startups to beef up its enterprise and combine new tech options. Whereas the partnership with AtoB appears to acknowledge that human truckers aren’t going anyplace simply but, Uber Freight has additionally secured partnerships with autonomous trucking firms like Aurora and Waymo Via lately.
As carriers on Uber Freight’s platform inevitably go electrical sooner or later, AtoB says its platform can even assist fleet transitions to electrical and next-gen clear fuels.
