Alternative investment manager Leste Group announced it entered into an agreement to buy a minority stake in Billor, a vertically integrated freight and fintech platform for U.S. truck drivers. The deal also includes setting up a $335 million credit facility to accelerate the company’s growth. Additional financial terms of the deal were not disclosed.
Based in Orlando, Florida, Billor helps truck drivers become owners through its tech-enabled platform, offering end-to-end support, including Lease-to-Own, Maintenance Finance, Low-Cost Insurance, and Freight Factoring among its services. And Billor is building the largest lease-to-own truck ecosystem in the U.S. and is on track to expand its fleet to over 800 trucks by the end of this year. Plus, Billor also recently announced the addition of Billor CoPilot, which leverages AI to help drivers achieve their financial goals, find better loads and routes, ensure safety compliance, increase road security, and provide faster payment processing.
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“Our investment will enable Billor to acquire new trucks that generate consistent revenue streams, enhance its technological capabilities, and continue to grow the business. We also look forward to helping advance the (Billor’s) driver-centric model that provides a path to truck ownership, and its fintech and freight management platform designed to simplify any challenges drivers may face.”
“By ‘democratizing’ trucking, Billor benefits not only the industry and the economy, but also the drivers themselves. We look forward to playing a role in helping Billor build out its driver-centric model with an investment that makes a significant difference for the company going forward.”
– Fabricio Bossle, Private Equity Partner at Leste Group
“Leste’s financial and operational expertise will help accelerate our mission of democratizing the transportation market by building the largest fleet of independent trucks in the U.S. The partnership will also enable us to continue our culture of sustainability at Billor, the first transport company to neutralize 100 percent of carbon emissions in transported cargo.”
“It’s been exciting to watch Billor grow so quickly. In 2025, the company is set to achieve sixfold revenue growth, surpassing $200M while being profitable and generating cashflow, thanks to an innovative business model now in its third iteration. The first iteration of this model was implemented with Versi, a company focused on the real estate industry in Brazil, followed by CredPago, a company specializing in landlord insurance, which was successfully acquired by Loft. CredPago remains the largest real estate tech M&A transaction in Latin America to date. We anticipate even greater success with Billor, as we are scaling a business in a trillion-dollar industry that forms the backbone of the American economy.”
– Jardel Cardoso, founder and chairman of Billor
“Leste’s investment in Billor continues our strategy of supporting Brazilian entrepreneurs looking to expand their operations in the U.S. As the founder of CredPago, which was recently sold for approximately $650 million, as well as other successful Brazilian fintech businesses, Jardel is an ideal partner for us to work with.”
“Leste’s investment in Billor continues our private equity strategy of investing in companies with a high potential to IPO in the next two to three years U.S. As the founder of CredPago, which was recently sold for more than $600 million, as well as other successful Brazilian fintech businesses like Versi, the team at Billor is the perfect partner for Leste.”
– Eduardo Karrer, Private Equity Partner at Leste Group
“When I joined Billor last April, one of my mandates was to find and sign institutional investors to bring Billor to its next stage of growth. Leste is the right partner to help us to that point — essentially providing the last piece of the plan to bring Billor to a public listing in the next few years.”
– Vincent Goetten, CEO, Billor
“Partnering with Billor is deeply rewarding. Its innovative approach—integrating technology, logistics, and financial inclusion—empowers drivers and strengthens the economy. At GHT4, we support ventures that create lasting value, and our collaboration with Billor reaffirms our commitment to driving progress, autonomy, and social transformation.”
– Laércio Cosentino, founding partner of Grupo GHT4 and founder of TOTVS, Latin America’s largest technology company
