40Seas is a fintech platform that automates B2B payments and invoice management for global trade, enabling businesses to finance and manage their accounts receivable efficiently. The platform offers extended payment terms and simplifies cross-border transactions, addressing cash flow challenges and reducing the complexity of international payments.
Funding
$17M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Global businesses face challenges in managing B2B payments and invoices, especially with cross-border transactions, leading to cash flow issues and complex international payment processes. Traditional trade financing models often lack the digitization and automation needed to streamline these processes.
Solution
40Seas is a data-driven accounts receivable management platform designed for businesses engaged in global commerce. The platform automates invoice-to-cash workflows, digitizes payment terms, and simplifies FX management, enabling efficient online payments. It offers extended payment terms up to 90 days and simplifies cross-border transactions, addressing cash flow challenges and reducing the complexity of international payments. 40Seas provides a branded customer portal and dashboard for invoicing, collection, and financing of B2B payments, along with an open API for integration into existing products.
Target Audience
The primary customers are suppliers (wholesalers, distributors, logistics/3PL providers) and buyers (D2C brands) involved in global trade.
Features
- Automated invoice management for issuing, collecting, and reconciling payments
- Extended payment terms up to 90 days without credit risk
- Global payment collection via credit card, direct debit, or digital wire transfers in multiple currencies
- Real-time FX management
- Branded customer portal
- Open API for integration with existing business software
- Trade insurance management with digital KYB and customer onboarding
- Real-time buyer risk monitoring and creditworthiness evaluation across countries and currencies