Who is Iker Haro Escandón?
Iker Haro Escandón is an industrial engineer and the founder of Uvicuo, a Mexican fintech company aiming to revolutionize the trucking industry by integrating operational and financial flows within a single technological space. Haro Escandón’s journey began while working at the neobank Revolut in London, where he witnessed firsthand the transformative impact of financial technology across various sectors.
The Problem: High Driver Turnover
Haro Escandón discovered that 30% of driver turnover was due to accounting discrepancies, making it difficult for drivers to report daily expenses. This often led to drivers covering costs out-of-pocket or experiencing delays in reimbursements, creating a less-than-ideal working environment.
Uvicuo’s Solution: Streamlining Expense Management
Uvicuo addresses these challenges by offering a three-module operational expense solution backed by Mastercard. The modules cover outbound (or route) expenses, including accommodation, meals, tolls, repairs, maintenance, cash withdrawals when necessary, and fuel payments without commissions.
- Expense Tracking: Drivers take photos of receipts and send them via WhatsApp. Artificial intelligence extracts necessary data and processes the invoices.
- Voice Assistant:
A friendly robot assists with reminders, inquiries, and connecting drivers with support personnel if needed. In case of irregularities, the card can be blocked for security.
Uvicuo’s Impact on the Trucking Industry
Uvicuo’s innovative solutions have attracted notable clients such as Sanimex, a bath and kitchen finishings company, and Grupo 8W. By addressing the pain points of driver turnover and simplifying expense management, Uvicuo is poised to enhance the competitiveness of Mexico’s crucial trucking sector.
Key Questions and Answers
- What is Uvicuo? Uvicuo is a Mexican fintech company founded by Iker Haro Escandón, aiming to integrate operational and financial flows within the trucking industry using technology.
- What problem does Uvicuo solve? Uvicuo tackles high driver turnover caused by accounting discrepancies, making it difficult for drivers to report and manage daily expenses.
- How does Uvicuo’s solution work? Uvicuo offers a three-module expense management system backed by Mastercard. Drivers take photos of receipts and send them via WhatsApp, with artificial intelligence extracting necessary data for invoice processing. A voice assistant provides support and reminders.
- Who are Uvicuo’s clients? Uvicuo has successfully implemented its solutions for companies like Sanimex and Grupo 8W, contributing to the competitiveness of Mexico’s trucking sector.
