Fishtail
Fishtail provides trade financing and freight services, offering tools like Threadfin and Poseidon, and supports global trade finance with fast onboarding and automated processes.
Services
Fishtail provides trade financing solutions focusing on cash advances for both Goods and Freight services. The company offers fast onboarding and approval processes, allowing funding to be available in as little as 48 hours. Their services also include automated carrier and supplier payments in any country and currency, automated invoicing, and streamlined collections to enhance efficiency. Fishtail supports trade financing globally, including the US, Mexico, and the EU, and is expanding into LATAM.
Products
Fishtail offers a range of products tailored for financial institutions, forwarders, and importers & exporters. These include trade finance tools such as Threadfin and Poseidon. The company also provides freight financing and trade document processing tools specifically for forwarders, as well as purchase order financing for goods and freight. Additionally, Fishtail's embedded finance products come with white-label solutions and API integrations. Their sustainability-linked trade finance product ties interest rates to the sustainability of shipments.
Technology
Fishtail leverages big data and machine learning to analyze global supply chain networks and unlock capital. Their technology supports end-to-end supply chain visibility and predictive intelligence, which helps manage risks and make informed decisions. The company offers a unified platform, integrating physical and financial flows into one view, providing real-time information to multiple parties. Trade finance automation features include credit risk analysis, underwriting, supplier payments, and collections.
Partner Programs
Fishtail offers extensive partner programs for forwarders and other partners. These programs provide embedded finance products with white-label solutions and API integrations, supporting financial institutions, forwarders, and importers & exporters. The partner programs aim to foster collaboration and streamline financial operations across different stakeholders within the supply chain ecosystem.
Expansion and Funding
Fishtail has garnered $4.5 million in seed funding, led by Thursday Ventures. The company was accepted into the Plug and Play Sustainability Accelerator Program in the APAC region. Fishtail's trade finance services are currently available globally, including jurisdictions like the US, Mexico, and the EU, with plans to expand further into LATAM. Their application supports English, with Spanish becoming available later this year, catering to a broader market.