Harbor offers a platform that utilizes data-driven risk assessment and automated application processes to provide small and medium-sized enterprises (SMEs) with efficient trade financing. This solution reduces the high costs and complexity associated with securing financing, enabling SMEs to enhance cash flow and support operational growth.
Funding
$7.5M 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.
Founders
Product
Problem
Small and medium-sized enterprises (SMEs) face challenges in accessing affordable trade finance due to complex application processes and risk assessments, which can hinder their ability to manage cash flow and grow their operations, especially in international markets. Traditional financing options often fall short of meeting the specific needs of SMEs engaged in global trade.
Solution
Harbor provides a digital platform designed to streamline trade finance for SMEs, offering solutions for both buyers and suppliers. The platform uses data-driven risk assessment and automated application processes to simplify access to working capital. For buyers, Harbor offers extended payment terms up to 120 days, improving days payable outstanding and complementing existing financial arrangements. For suppliers, Harbor accelerates receivables, boosts sales by offering attractive payment terms, and supports a global supplier base with multi-currency funding options. By optimizing the cash conversion cycle, Harbor enables SMEs to improve their working capital efficiency and liquidity.
Target Audience
Harbor primarily serves small and medium-sized enterprises (SMEs) engaged in international trade, including both buyers and suppliers across various industries such as automotive, pharmaceuticals, industrial & mechanical, agriculture, electronics, and food & beverages.
Features
- Digital platform for managing international trade and working capital
- Multi-currency funding to support business activities across geographies
- Buyer solutions: Extended payment terms up to 120 days
- Supplier solutions: Early payments and accelerated receivables
- Data-driven risk assessment for quick and accurate credit limit approvals
- Client and admin portals for seamless communication and task management
- Dedicated portals for brokers and client advisors to streamline onboarding