Federico Vega Biography

Federico Vega worked in banking for five years before setting down his own entrepreneurial path. In 2010 he founded Transportar Online a website where people could list items they needed shipped and transporters would place bids on the shipments. It allowed truckers with extra room in their trailers to take on new shipments along their route. The platform worked with eBay and Mercado Libre creating a shipping infrastructure for online sellers. In 2013 he sold the business to Sontra a Brazilian shipping company. But he had another venture brewing in the background. In 2011 a year after starting Transportar Online he got to work on CargoX. Similar in concept to his first idea CargoX is a mobile app that connects independent truckers with shipments from large brands like Kraft Heinz and Anheuser-Busch—like an Uber for trucks. But Vega wants it to be more than that. In 2019 he plans to launch a mobile wallet where drivers can receive pay from jobs take out business loans and manage their finances. To date the company has raised $94 million in investor capital from Goldman Sachs Qualcomm Ventures Blackstone and Soros among others.
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