eBL provides supply chain financing to commodity exporters using electronically secured Bills of Lading. Their platform shortens payment cycles and tightens document control, ultimately lowering capital costs for exporters.
Funding
Funding not disclosed
Founders
Product
Problem
Commodity exporters often face lengthy payment cycles and cumbersome document control processes, leading to increased capital costs and hindering their ability to efficiently manage cash flow. Traditional trade finance methods can be slow and require extensive paperwork, creating bottlenecks in the supply chain.
Solution
eBL Finance provides supply chain financing solutions to commodity exporters, leveraging electronically secured Bills of Lading to expedite payment cycles and enhance document control. Their platform offers rapid access to credit facilities, enabling exporters to receive payments within 24 hours of invoice generation for internationally shipped cargo. By digitizing the Bill of Lading process, eBL Finance reduces reliance on traditional paper-based documentation, streamlining operations and lowering capital costs for exporters. The integrated dashboard provides real-time visibility into shipment status, account data, and historical settlements, empowering exporters to make informed decisions and optimize their trade finance activities. eBL's proprietary eBL Credit and Risk Algorithms facilitate agile and competitive financing, supporting shipments ranging from $500,000 to $20,000,000.
Target Audience
The primary target audience consists of commodity exporters seeking to optimize their supply chain financing, reduce capital costs, and improve document control processes.
Features
- Credit facilities accessible within 24 hours for accelerated invoice payments
- Integrated dashboard for electronic Bill of Lading registration and endorsement
- Real-time shipment status tracking and access to account data
- Proprietary eBL Credit and Risk Algorithms for agile financing
- Support for mid-shipment resales
- Electronic Bills of Lading issued and managed through SECRO Inc.
- Compliance with BIMCO templates and formal approval by the International Group of Protections and Indemnity Clubs