New York, United States
40Seas, founded in 2022, is transforming how SMEs handle trade finance and global accounts receivable management. Anchored in the Financial Services and Fintech sectors, this United States-based company merges cutting-edge technology with practicality to streamline financial operations for businesses worldwide.
The company's innovative platform seamlessly integrates with ERP or accounting software, simplifying the reconciliation of invoices, purchase orders, and delivery receipts. By offering the capability to collect payments via various methods, including credit card and digital wire transfers in multiple currencies, 40Seas facilitates a global reach. Furthermore, the platform allows companies to extend payment terms up to 90 days without assuming credit risk, fostering both sales growth and operational efficiency.
Recently, 40Seas secured a $6.00M Seed Round investment on 04 August 2023, backed by notable investors such as QED Investors, Team8, ZIM Integrated Shipping Services, and Eminence Ventures. With its dual offering as an API or standalone platform, 40Seas is well-positioned for growth and expanding its footprint in fintech and trade finance.
