Greetings 40Seas community! We hope your 2025 is off to a good start! 2024 was a banner year for us, marked by an extensive phase of expansion that included several important milestones and product releases. Today, we’d like to reflect on some of the highlights from the past year of growth and development and look ahead at what’s to come.

Ongoing Global Expansion

Since going live, we have financed millions of dollars in transactions and onboarded thousands of customers in dozens of countries throughout the EU, APAC and the Americas. Throughout 2024, we achieved 4x volume growth and 10x transaction growth – underpinned by strong market validation for our expanding suite of solutions. We also extended our global footprint, opening additional offices in the US, Europe, and APAC.

The Launch of our Global Accounts Receivable Solution

One of the most significant announcements from last year was the launch of our all-in-one Global Accounts Receivable solution, which centralizes invoice data in a user-friendly dashboard, allowing companies to easily track payment statuses, manage due dates, and expedite invoice approvals, mitigating the risk of payment delays. 

By connecting their ERP or accounting software, companies can enjoy a streamlined reconciliation process, matching invoices with purchase orders and delivery receipts in real-time, while collecting payments via credit card, direct debit or digital wire transfers in different currencies worldwide. The platform also enables companies to offer extended payment terms of up to 90 days to their customers, without absorbing any credit risk, so they can focus on driving sales volumes rather than debt collection and underwriting payments. 

Expanding Our Partnership Network

Following the launch of our Global Accounts Receivable platform, we announced a new strategic partnership initiative geared towards alleviating the complexities of importing goods from China – partnering with some of the country’s leading sourcing agencies and e-commerce fulfillment platforms including JingSourcing, Portless,  NextSmartShip, and China Freight. 

Businesses across the industry spectrum have been experiencing surging sales demand in the past 12 months, with record-breaking sales for last year’s Black Friday and Cyber Monday events. This has been increasing the pressure on brands to provide timely deliveries to consumers who now expect nothing less than fast and efficient shipping.

Last year, JingSourcing, Portless, NextSmartShip, and China Freight joined the dozens of companies worldwide that are already using our Global Accounts Receivable platform – allowing them to elevate their offering to customers, with multiple payment methods, different currencies, as well as our Order-Now-Pay-Later solution to extend payment terms. With this solution, we are proud to empower the rapidly expanding global ecosystem of 3PLs and logistics operators who share our vision to digitize and streamline key steps in B2B global trade. 

40Seas in the Media

We made international headlines over the course of 2024, including in Yahoo Finance, while our leadership team showcased their expertise by contributing thought leadership articles exploring key trends around automation, B2B e-commerce and logistics, offering actionable insights to industry professionals. 

Our CEO Eyal Moldovan authored an opinion article on the growing trade financing gap, which was published by AiThority, and took part in an exclusive interview with Crowdfund Insider on our mission to become the Salesforce of Accounts Receivables. He was also interviewed by Use Tech and Valiant CEO, where he discussed a host of topics including the 40Seas origin story, our rapid growth trajectory, and our upcoming pipeline of activity. Over the course of the year, Eyal also shared his insights periodically with The Fintech Times, Tech Round, and The Financial Brand on a range of industry topics. 

Our Co-founder and COO Gil Shiff also penned a thought leadership on how automation can alleviate port congestion for Global Trade Magazine and Crowdfund Insider which were very well received in our network.

Suki Gao, Co-founder and China GM of 40Seas also shared an exclusive opinion piece with Crowdfund Insider, providing insights on how to bridge the $1.7 trillion credit gap for female-led SMEs.

2025 Plans

Looking ahead, 2025 is shaping up to be a monumental year in the 40Seas journey, as we continue to explore collaboration synergies with industry leaders on innovative deployments of our technology. We are very excited to continue working with our growing partnership network to accentuate their offerings to customers with our proprietary AI-powered AR platform, B2B cross-border BNPL and digital payment solutions.

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Keep an eye on our official channels regarding new products and features that will digitize key steps in global trade. Onwards!

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