en.Wedoany.com Reported - TruckPag plans to achieve over 3 billion reais in transactions through its fuel management business by 2026, representing a growth of more than 40% compared to 2025. The company's founder and CEO, Kassio Seefeld, disclosed this target to the media.
TruckPag is a Brazilian fleet management and payment system company headquartered in Rio Grande do Sul. Founder Seefeld previously worked at a transportation service company, where he met Ivo Ilario Riedi Filho, a partner at Transvale (a grain transport company based in Cascavel). Seefeld realized that truck fleet management in the agricultural sector is more complex due to larger volumes and longer routes, and proposed establishing a new company together. In 2028, TruckPag was officially founded, with founding partners including Seefeld, Ivo, and Marcos Carraro, a businessman previously involved in the insurance industry.
According to Seefeld, since completing its first transaction in 2019, the company has been highly focused on agriculture in its early stages. The core business involves managing and paying for truck fuel expenses. Transport companies do not pay fees to TruckPag; instead, its revenue comes from charging gas stations a "credit card" fee for fuel purchases. TruckPag connects transport companies to a network of 4,600 gas stations across Brazil, allowing clients to control each truck's refueling location, fuel limits, prices, and routes. The system also generates fuel cost management data, and according to the CEO, fuel operations account for 89% of the company's revenue.
In 2025, the company's transaction volume reached 2.2 billion reais, a 60% year-over-year increase. Seefeld stated that although the proportion of clients from other industries has grown in recent years, the company plans to expand its agricultural client base again. He has signed a contract with Vidal Transporte (which operates in Mato Grosso), a company based in Rio Grande do Sul focused on agriculture. Currently, revenue from agricultural transport companies accounts for 7% of total revenue, and Seefeld expects this share to grow as production and corporate fleet sizes increase. The company's business margin is approximately 2% of transaction volume, and since all transactions pass through the company's cash flow, it also generates financial operation gains.
Facing competitors such as banks and multinational corporations, Seefeld believes the company's differentiation lies in providing 100% personalized service and having an in-house development team to meet customized needs. He acknowledged that investors have previously expressed interest in acquiring the company, but the partners have always planned not to sell and have not sought external financing for the project. The company has established a board governance system, separating operations from the partners' other businesses. As the company has grown, Seefeld has begun to consider focusing more on market opportunities but emphasized that he does not want to lose control of the company and aims to ensure its long-term sustainability.
In addition to fuel operations, TruckPag has expanded into tolls, maintenance, insurance, and trackers, and has become a payment method for DAF, a Brazilian truck manufacturer. Solid Cash, a fintech company founded three years ago, provides accounts receivable advance services to gas stations. Recently, due to the company's database of thousands of registered gas stations with real-time price updates, its data became a tool for monitoring diesel prices following the escalation of the situation in Iran. According to reports, the diesel price was 5.78 reais per liter before the conflict, subsequently peaking at 7.43 reais per liter. Over 1,000 transporters receive real-time price information via WhatsApp groups, and this update frequency continues even after prices have fallen to updates every three hours. The quotes are considered reliable because they are based on confirmed transactions.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
