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