40Seas

Company Overview

Snapshot

Founded in April 2022 by Eyal Moldovan, Gil Shiff, Igor Zaks, and Suki GAO, 40Seas operates with 11–50 employees. The company has raised $17 million across three funding rounds from four investors, with Team8 participating as a lead investor. In August 2023, 40Seas extended its Seed round to $17 million for its cross-border digital financing solution.

Business overview

40Seas provides a digital trade financing solution tailored for the global supply chain. Leveraging artificial intelligence and data-driven technology, the company offers flexible B2B payment options to facilitate access to working capital for various supply chain participants, including importers, exporters, freight forwarders, and sourcing agencies. It operates within the Fintech & Insurtech sector, focusing on money transfer and management.

Strategic signal

In June 2023, ZIM expanded its partnership with 40Seas to provide flexible digital financing solutions to its customer base. This collaboration signals a growing market demand for streamlined trade finance and validates 40Seas's platform as a key enabler for global supply chain efficiency, indicating strong commercial traction and strategic alignment within the logistics industry.

Company Intelligence Q&A

What is 40Seas's primary focus?

40Seas specializes in digital trade financing, offering solutions for the global supply chain to provide flexible B2B payment options and working capital access.

When was 40Seas founded and by whom?

40Seas was founded in April 2022 by Eyal Moldovan, Gil Shiff, Igor Zaks, and Suki GAO.

What was a significant funding event for 40Seas?

In August 2023, 40Seas extended its Seed round, bringing its total funding to $17 million for its cross-border digital financing solution. Team8 led this extension round.

Which companies have partnered with 40Seas?

In June 2023, ZIM expanded its partnership with 40Seas to offer flexible digital financing solutions to its customer base.

What technology does 40Seas utilize in its platform?

40Seas leverages artificial intelligence and data-driven technology to provide its digital trade financing solutions.