Overview
40Seas is a London-based fintech company that provides digital trade finance solutions for importers and exporters engaged in global commerce. Founded in 2022, the company operates a platform designed to streamline financing processes for international trade transactions.
The company addresses the need for accessible financing in global trade, where importers and exporters often face delays and complexity in securing funding for shipments. Trade finance traditionally involves multiple intermediaries and manual processes; 40Seas offers an alternative digital approach to this established market function.
Activities and products
40Seas operates two main products: TradeFin and SeaPay. The company provides financing solutions for trade transactions, with individual transaction limits up to $5M. The platform includes real-time tracking functionality for both shipments and payments. 40Seas works with partner banks to offer financing options, leveraging these relationships to provide competitive interest rates to clients.
Stage and funding
40Seas raised $17M in seed funding during 2023. The company is at seed stage. According to available information, the company serves over 100 clients across Europe and Asia, indicating early commercial traction following its funding round.
Company details
- Legal name
- 40Seas
- Website
- www.40seas.com
- Headquarters
- London, United Kingdom
- Founded
- 2022
- Sector
- Fintech
- Funding stage
- Seed