Red Sky is a logistics platform that provides cross-border invoice factoring, allowing food processors and manufacturers to convert unpaid international invoices into cash within 24 hours. By offering flexible credit limits based on buyer assessments rather than collateral, Red Sky enhances cash flow and supports business growth in over 150 export countries.
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.
Founders
Product
Problem
Food processors and manufacturers often face cash flow challenges due to delayed payments on international invoices, hindering their ability to invest in growth and operations. Traditional financing options may require significant collateral, limiting access for businesses with valuable invoices but fewer tangible assets.
Solution
Red Sky provides a cross-border invoice factoring platform that enables food processors and manufacturers to convert unpaid international invoices into immediate cash. By assessing the creditworthiness of buyers, Red Sky offers flexible credit limits without requiring collateral, improving cash flow and supporting business expansion. The platform's digital onboarding and underwriting processes facilitate rapid funding, with disbursements often occurring within 24 hours of document submission. Red Sky provides businesses with a dedicated account manager to provide support.
Target Audience
Red Sky primarily serves food processors and manufacturers engaged in international trade who need to improve cash flow and access flexible financing options.
Features
- Invoice advances of up to 90% of the invoice value
- Digital onboarding and underwriting for fast approval
- Funds disbursed within 24 hours of document upload
- Credit limits based on buyer assessments, not collateral
- Support for exports to over 150 countries
- 24/7 support from a dedicated account manager