Cross Border Trade 40Seas Raises Seed Funding From Eminence Ventures

Cross-Border Trading Co Raises $6M Seed

40Seas raises $17M in seed funding to expand the cross-border trade financing platform.

40Seas, a fintech platform for cross-border trade financing, has raised $17 million in seed funding. The round was led by Eminence Ventures and QED Investors, with participation from existing investors Team8 and ZIM.

The funding will be used to expand 40Seas' platform and team. The company plans to launch in new markets and add new features to its platform, such as invoice financing and supply chain finance.

40Seas provides flexible payment options for supply chain players, such as importers, exporters, freight forwarders, and sourcing agencies. The company's platform uses data-driven technology to assess credit risk and provide tailored financing solutions.

40Seas is already working with ZIM, a global container liner shipping company. ZIM's customers can use 40Seas to finance freight and inventory expenses at checkout.

The funding round is a sign of the growing demand for cross-border trade financing solutions. SMEs often face challenges in accessing working capital, and 40Seas is well-positioned to help them meet these challenges.

Altdaq.com is a venture marketplace providing members access to marketing and investor relations solutions to attract capital and talent. Altdaq.com is not an investment or financial advisory service and nothing published or made available by or through Altdaq.com should be considered personalised investment advice, investment services or a solicitation to buy, sell, or hold any securities in any jurisdiction. All information on the website provided “as is” basis without representations.