Wholesail logo — Building a trading network to modernize payment and communic...

Wholesail

Building a trading network to modernize payment and communication between wholesale sellers and buyers.

Founded 2018 United States San Francisco, United States 52 employees Venture round Total: $22.59M Fintech, Internet +1

General Information

Company Name Wholesail
Founded Year 2018
Location United States San Francisco, United States
Employees 52
Industries Fintech, Internet, Payments
Funding Stage Venture round
Social

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About Wholesail

Wholesail is a fintech startup focused on modernizing wholesale trade by creating a trading network that facilitates payment and communication between wholesale sellers and buyers. Its flagship product is an automated invoicing, payment, and communication platform designed to integrate with wholesale sellers' accounting systems, enabling faster payments and reducing losses. For buyers, Wholesail streamlines the accounts payable process, saving time and money. The company targets the $1+ trillion US food and beverage distribution market, aiming to disrupt the predominantly manual and paper-based invoicing and payment methods currently in use.

Founded in 2018 by a team of serial entrepreneurs, product managers, engineers, and designers with a wealth of collective experience, the company has secured substantial funding from various venture capital firms and angel investors. Notably, early executives and team members from prominent tech companies such as Stripe, Square, Dropbox, Yelp, OpenTable, and Everlane have backed Wholesail. With its headquarters in the United States, the company recently received a significant $22.59M Venture Round investment on January 4, 2022.

Wholesail presents an intriguing opportunity for venture capitalists, given its innovative approach to modernizing wholesale trade, a substantial addressable market, and a seasoned leadership team with a proven track record. The company's strong investor backing and notable industry connections further contribute to its appeal. As the wholesale industry undergoes digital transformation, Wholesail's tailored solutions and experienced team position the company as a promising player in the evolving landscape of B2B payments and trade technology.

Business keywords: Payment Automation, Wholesale Trade, Network Effect, Venture Backed, Accounting Integration, Serial Entrepreneurs, Technology Startup, Food and Beverage Industry, Automation Software, Venture Capital, Marketplace Platform, Financial Technology

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round $22.59M -
04 Jan 2022
Series A Undisclosed 2
Quiet Capital, Rose Park Advisors
10 Dec 2021
Seed Round Undisclosed 1
Quiet Capital
06 Nov 2019

Wholesail Alternatives & Competitors

View All Alternatives
Wholesail vs
Acctual
Acctual United States

Get paid same day by sending customers the most flexible invoice on the planet. Used by 5k+ business...

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Wholesail vs

Virtual Banking, Multi-Currency IBAN and Multi-currency accounts.

Non Equity Assistance
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Wholesail vs
Payaut
Payaut The Netherlands

Unlocking marketplace success!

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5 employees
Financial Services, Fintech

FAQ About Wholesail

Building a trading network to modernize payment and communication between wholesale sellers and buyers.
Wholesail was founded in 2018.
Wholesail is headquartered in San Francisco, United States.
Wholesail operates in Fintech, Internet and Payments. Its work centres on Payment Automation, Wholesale Trade, Network Effect and Venture Backed.
Wholesail has approximately 52 employees.
Wholesail has completed 3 funding rounds, raising a total of $22.59M. The latest funding stage is Venture round.
Top alternatives and competitors to Wholesail include Acctual, B2B Pay, powered by Barclays, Nordea and Techstars, Payaut, Expend, Loan Frame. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Wholesail and Acctual are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Wholesail, https://bouncewatch.com/company/wholesail, updated 25 November 2024. When citing, please name BounceWatch and link this page.

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