Israel based cross-border trade financing company raised $111m in new funding led by Team8.
"In the 25 years since, the trade financing landscape hasn't evolved in any meaningful way or kept pace with the needs of SMEs operating in the digital era. Given today's harsh macroeconomic conditions, now more than ever, SMEs need easy access to financing to have the best chance of survival. 40Seas wants to drive a sea change in how companies access finance, with a unique solution that makes life easier for importers and exporters, serving both directions of a cross-border trade."