Fishtail

Fishtail is a company that provides trade financing in the form of cash advances for both goods and freight services. It offers products tailored for financial institutions, forwarders, and importers & exporters, including trade finance tools named Threadfin and Poseidon. The company provides freight financing and trade document processing tools specifically for forwarders, along with partner programs for forwarders and other partners. Fishtail also offers embedded finance products with white-label solutions and API integrations, leveraging big data and machine learning to analyze global supply chain networks and unlock capital. The company ensures fast onboarding and approval for trade financing, with funding available in as little as 48 hours, and provides automated carrier and supplier payments in any country and currency. Additionally, Fishtail offers automated invoicing and streamlined collections to improve efficiency. The company supports trade financing globally, including jurisdictions such as the US, Mexico, and the EU, and is expanding into LATAM. The Fishtail application currently supports English, with Spanish becoming available later this year. Fishtail raised $4.5 million in seed funding, led by Thursday Ventures, and was accepted into the Plug and Play Sustainability Accelerator Program in the APAC region. The company offers a sustainability-linked trade finance product that ties the interest rate of loans to the sustainability of the shipment. Fishtail provides a unified platform that integrates physical and financial flows into one view, allowing multiple parties to see the same information in real-time. Its trade finance automation includes credit risk analysis, underwriting, supplier payments, and collections. The company offers end-to-end supply chain visibility and predictive intelligence to manage risks and make better decisions, as well as purchase order financing for goods and freight for customers and suppliers. Fishtail also provides trade finance automation for small and medium-sized businesses (SMBs) in emerging markets.