- B2B
- Early StageStartup in initial stages
- Website
- Locations
- Company size
- 11-50 people
- Total raised
- $4.5M
- Company type
- Startup
- Markets
Fishtail careers
We are a super un-sexy, VC-backed, revenue-generating, Trade Finance automation company (think Pipe for the real world) that's bringing the the $10tn Trade Finance space in to the 21st century.
The problem we're solving:
When Walmart gives La Croix a $100k order for seltzer, not only does Walmart not pay after receiving goods for 3-4 months but La Croix has to cover the cost of actually making their goods for a bunch of time (months). As a small business, this sucks hard. Fishtail will lend to La Croix when they get an order from Walmart so they can satisfy demand without tying up huge amounts of working capital. Usually banks will lend to folks only when the product makes it to Walmart (and only to large companies, who don't traditionally need $) -- the net effect of Fishtail is that we lend earlier in the chain to smaller businesses (which is a super duper hard problem).
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Fun fact:
We have a sustainability-linked trade finance product where we can tie the interest rate of our loans to the sustainability of the individual shipment (i.e. the greener the shipment, the better your interest rate) -- this is super nifty when you consider that transportation is responsible for ~30% of the world's green house gas emissions and there's really no good way to identify the best option to get from A to B.
The problem we're solving:
When Walmart gives La Croix a $100k order for seltzer, not only does Walmart not pay after receiving goods for 3-4 months but La Croix has to cover the cost of actually making their goods for a bunch of time (months). As a small business, this sucks hard. Fishtail will lend to La Croix when they get an order from Walmart so they can satisfy demand without tying up huge amounts of working capital. Usually banks will lend to folks only when the product makes it to Walmart (and only to large companies, who don't traditionally need $) -- the net effect of Fishtail is that we lend earlier in the chain to smaller businesses (which is a super duper hard problem).
***
Fun fact:
We have a sustainability-linked trade finance product where we can tie the interest rate of our loans to the sustainability of the individual shipment (i.e. the greener the shipment, the better your interest rate) -- this is super nifty when you consider that transportation is responsible for ~30% of the world's green house gas emissions and there's really no good way to identify the best option to get from A to B.
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Total raised
$4.5M
Funded over
1 round
Latest round
Seed (Dec 2020)
Scribie • Bangalore Urban • ₹60,000 – ₹80,000 • No equity • 2 days ago
EnerKnol • United States • $72k – $75k • 0.01% – 0.05% • 7 days ago
LINK • Pune • ₹13L – ₹32L • 0.01% – 0.05% • 1 week ago
Fynd • Bengaluru • ₹15L – ₹35L • No equity • 2 weeks ago
Matterport • United States • $142k – $222k • 2 weeks ago