Seawise Capital
Seawise Capital, previously known as LendVerse, is a fintech company based in New Delhi, India, specializing in providing collateral-free trade finance services to Indian exporters.
Services
Seawise Capital provides trade finance services aimed at Indian exporters. The company offers collateral-free capital through invoice discounting from large overseas customers. This service helps small and medium-sized enterprises (SMEs) gain working capital based on the strength of their international clients. By providing these financial solutions, Seawise Capital supports businesses in optimizing their cash flow and expanding their operations.
Industry and Sub-industry
Seawise Capital operates within the Fintech industry, specifically focusing on the Credit and Lending sub-industry. The company is dedicated to innovating financial services for Indian exporters by offering advanced funding solutions. Their niche lies in trade finance, which facilitates international trade by providing necessary capital to businesses against their receivables.
History and Evolution
Seawise Capital, initially launched as LendVerse in December 2018, has undergone significant changes since its inception. The company was a part of the Y-Combinator W19 batch, which helped it gain valuable exposure and resources. Originally started in New Delhi, India, Seawise Capital has grown to target broader regions, including South Asia. Over time, the company has established itself as a prominent player in the trade finance sector.
Geographical Focus
Seawise Capital focuses its operations on India and the broader South Asian region. With its headquarters located in New Delhi, DL, India, the company leverages its regional expertise to better serve local exporters. By understanding the unique needs of businesses in these areas, Seawise Capital is able to provide tailored financial solutions that help SMEs succeed in international markets.
Y-Combinator Participation
Seawise Capital was part of the Y-Combinator W19 batch. Participation in this renowned startup accelerator provided the company with strategic mentorship, funding opportunities, and a network of industry connections. This involvement has been pivotal in shaping the company’s growth trajectory and enhancing its financial service offerings.