40Seas

40Seas is a fintech startup founded in 2022 and based in New York City, with additional offices in Shenzhen, Tel-Aviv, and Toronto. The company focuses on modernizing cross-border trade finance for small and medium-sized enterprises (SMEs) through AI-driven automation and embedded financial solutions. It has raised $117 million in funding, including a significant credit facility from ZIM Integrated Shipping Services. The company offers a range of services, including accounts receivable management, embedded financing with "Order Now, Pay Later" options, and cross-border payment solutions. Its platform enhances cash flow optimization and foreign exchange management, making international transactions more efficient. By leveraging AI, 40Seas assesses creditworthiness and automates risk evaluation, streamlining financing processes for its clients. The company serves various participants in the global supply chain, including importers, exporters, and distributors, with a mission to create a comprehensive accounts receivable platform for global trade.