ZIM Invests in Fintech to Provide Easy Financing for SMEs

Israeli carrier ZIM has teamed up with venture capital firm Team8 to invest in Tel Aviv-based fintech company 40Seas, with $111 million in funding. 40Seas is creating a global commerce solution for SMEs (small and medium-sized enterprises) to access digital financing.

ZIM will embed 40Seas into its digital freight forwarding platform, which will create additional streams of revenue for the shipping line.

Source:
1. ZIM backs compatriot fintech platform 40Seas, Splash, January 11, 2023. Accessed Jan 17, 2023.