WaveBL

Company Overview

Snapshot

Founded in July 2015 by Or Garbash and Yair Sappir, WaveBL operates with 51–200 employees. The company has raised $52 million across 6 funding rounds from 14 investors, with NewRoad Capital Partners leading one of its rounds. In January 2024, WaveBL extended its Series B funding to $37 million to further expand its blockchain-based digital trade document platform.

Business overview

WaveBL provides a digital courier platform that digitizes the transfer of original paper documents, such as bills of lading, enabling instant, encrypted, and authenticated digital transfers. The platform leverages blockchain technology to serve the entire supply chain, including importers, shipping carriers, and banks. Operating within the Fintech & Insurtech sector, WaveBL aims to streamline trade finance operations and reduce reliance on physical documentation in logistics and financial services.

Strategic signal

In October 2024, WaveBL completed a Proof of Value (POV) with Swift, involving five global banks and a leading ocean carrier, MSC. This collaboration demonstrates WaveBL's capability to integrate its blockchain-based electronic Bill of Lading (eBL) platform into established financial messaging networks, signaling strong validation for its technology and potential for broader adoption in global trade finance.

Company Intelligence Q&A

What was a significant recent partnership for WaveBL?

In June 2024, Asia Shipping selected WaveBL as its digital partner for electronic House Bills of Lading, enhancing the adoption of digital documentation in the shipping industry.

What was a key financial milestone for WaveBL in early 2024?

In January 2024, WaveBL extended its Series B funding round to $37 million, with participation from NewRoad Capital Partners.

What was a notable achievement for WaveBL in December 2025?

In December 2025, Lloyds and WaveBL successfully completed a digital Letter of Credit (LC) transaction between India and the UK on the WaveBL platform, demonstrating the platform's utility in international trade finance.

What operational efficiency improvement did WaveBL facilitate in April 2025?

In April 2025, CZ, a supply chain services company, reduced its trade financing processing time with Mizrahi Tefahot Bank in the UK by 95% using WaveBL's digital documentation, highlighting the platform's impact on streamlining operations.

When was the last Series B funding round for WaveBL?

In June 2023, WaveBL secured a Series B funding round with investments from NewRoad Capital Partners and Marius Nacht.