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§ Private Profile · New York City, NY, USA
AI-powered fintech platform providing cross-border trade financing and B2B payments, automating customer-to-cash workflows for global trade SMEs.
40seas has raised $128.0M across 3 funding rounds.
Key people at 40seas.
40seas has raised $128.0M in total across 3 funding rounds.
40Seas is a Tel Aviv, Israel-based financial technology company that provides an AI-powered platform for digital cross-border trade financing and automated B2B payments. The platform streamlines global supply chain transactions by allowing small and medium-sized enterprise importers to defer payments while ensuring exporters receive immediate capital upon shipment. Operating with fewer than 25 employees, the company generates approximately $7.7 million in revenue through financing fees and interest charged on trade credit. 40Seas has secured $111 million in initial capital, comprising an $11 million seed equity round led by Team8 and a $100 million credit facility. The firm has integrated its digital financing solutions with strategic partners and logistics platforms, including ZIM Integrated Shipping Services, Ship4wd, and Portless. The company was founded in 2022 by Eyal Moldovan, Gil Shiff, Igor Zaks, and Suki Virdi.
40Seas is an AI-powered fintech platform that unifies the global customer-to-cash journey for SMEs in cross-border trade, automating workflows like intelligent KYB (Know Your Business), onboarding, credit management, multi-currency payments, accounts receivable, and reconciliation.[1][2][5] It serves importers, exporters, wholesalers, distributors, freight forwarders, and sourcing agencies by solving legacy trade finance inefficiencies—such as slow payments, high costs, and limited working capital access—enabling faster cash flow, reduced DSO (Days Sales Outstanding), and scalable global growth.[1][3][5] With thousands of customers processing tens of thousands of monthly transactions, 40Seas demonstrates strong momentum, backed by investors like Team8, ZIM, QED Investors, and Eminence Ventures, and has raised $117M total funding including a $17M recent round.[2][3][4]
Headquartered in Tel Aviv with offices in New York and Shenzhen, the platform offers API-ready integration for seamless embedding into order-to-cash workflows, leveraging real-time AI-driven credit assessments and risk monitoring to close the $1.7 trillion global trade finance gap for SMEs, which represent 43% of cross-border trade volume.[2][3]
40Seas emerged from stealth in 2023, founded by industry veterans with over 60 years of combined experience in cross-border payments, logistics, and trade finance, including Eyal Moldovan (initial Co-founder and CEO, formerly General Manager at Payoneer), Gil Shiff, and Suki Gao.[2][3] Built in conjunction with Team8's Fintech Foundry, the idea addressed the outdated trade finance sector by leveraging AI and data-driven tech for SMEs, starting with a soft launch in October 2022 that financed dozens of transactions and scaled to tens of millions in financing shortly after.[1][3]
Leadership evolved in August 2025 with Or Kapelinsky appointed CEO and Asaf Halfon as CTO, joining co-founders Shiff and Gao to drive expansion amid surging global trade volumes; this transition capitalized on their expertise in financial services and digital transformation.[2] Early traction included partnerships with sourcing and logistics leaders, automating AR and digitizing invoice management for China imports.[4]
40Seas rides the fintech tipping point where AI commoditizes payments, data, and workflows, enabling context-aware automation for global SMEs amid rising cross-border trade volumes.[2] Timing aligns with post-pandemic supply chain digitization and the $1.7T trade finance gap, fueled by market forces like OECD-noted SME trade dominance (43% volume) and demand for embedded finance in e-commerce platforms.[3] It influences the ecosystem by partnering with logistics giants (e.g., ZIM) and sourcing agencies, supercharging digital-first SMEs with tools that optimize working capital and reduce international transfer frictions, fostering broader adoption of AI in B2B trade.[1][4]
40Seas is poised for hypergrowth, scaling its category-defining platform to millions of SMEs via leadership upgrades and partnerships, with AI advancements driving deeper embedding in global trade stacks.[2] Trends like AI contextual operations, surging China import volumes, and commoditized fintech will amplify its edge, potentially expanding to new verticals like digital health supply chains or cyber-secure payments. Its influence may evolve from niche disruptor to infrastructure layer, empowering SMEs to trade "with confidence" and reshaping the $1.7T gap—unifying customer-to-cash as the backbone of frictionless global commerce.[1][2][3]
40seas has raised $128.0M across 3 funding rounds. Most recently, it raised $6.0M Seed in August 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2023 | $6M Seed | — | QED Investors, Team8, Peter Cheng, ELI Glickman | Announced |
| Jan 11, 2023 | $111M Debt Financing | Team8 | ZIM | Announced |
| Jan 1, 2023 | $11M Seed | — | Team8 | Announced |
40seas has raised $128.0M in total across 3 funding rounds.
40seas's investors include QED Investors, Team8, Peter Cheng, Eli Glickman, ZIM.
Key people at 40seas.
