Fishtail provides accessible trade finance solutions specifically designed for small and medium-sized businesses globally. The platform finances purchase orders and invoices, overcoming the limitations of traditional working capital financing. This service unlocks growth capital for shippers and forwarders by streamlining the underwriting process and offering transparent financing terms.
Funding
$4.5M 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.
TVFounders
Product
Problem
Freight forwarders often struggle with extending net terms to customers due to the complexities of international payments, varying currencies, and the need for efficient document digitization. This can lead to delayed payments, strained cash flow, and missed business opportunities.
Solution
Fishtail offers a financing solution that allows freight forwarders to provide net terms to their customers, facilitating immediate payments in any currency to any supplier. The platform automates document digitization, extracting data directly into the TMS, and leverages supply chain data to provide insights into customer activity and potential business opportunities. By streamlining payment processes and providing access to financing, Fishtail enhances operational efficiency and profitability for freight forwarders.
Target Audience
Fishtail primarily targets freight forwarders looking to improve cash flow, streamline operations, and offer competitive financing options to their customers.
Features
- Automated document digitization for bills of lading, booking requests, and invoices.
- Supply chain data insights to identify potential customers and understand their business activity.
- Instant payment capabilities in any currency to any supplier.
- Net term extension for customers within 48 hours.
- Integration with existing Transportation Management Systems (TMS).