WaveBL Overview
WaveBL is a digital courier platform that mirrors the traditional process for transferring original paper documents, enabling the instant, encrypted, authenticated transfer of bills of lading and other unique digital documents. The platform is designed to meet the needs of every member along the supply chain, from the smallest importers to the largest shipping carriers and banks.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
/PRNewswire/ -- The Opportunity As a leading supply chain services company operating in the UK, CZ, sought to streamline its trade finance operations and...
CZ, a leading supply chain services company in the UK, has significantly improved its trade finance operations by adopting digital trade documentation through the WaveBL platform. This transition to electronic Bills of Lading (eBLs) has reduced processing times by 95%, enhanced security, and cut costs associated with traditional paper-based processes. The partnership with Mizrahi Tefahot Bank in the UK facilitated this digital transformation, enabling faster access to working capital and seamless collaboration with the Mediterranean Shipping Company (MSC). This move positions CZ as a pioneer in digital trade solutions, setting a benchmark for efficiency and competitiveness in global trade.
Partners
growth-positive
/PRNewswire/ -- WaveBL, the leading blockchain-based electronic Bill of Lading (eBL) platform, has completed a groundbreaking Proof of Value (POV) with Swift...
WaveBL, a leading blockchain-based electronic Bill of Lading (eBL) platform, has successfully completed a Proof of Value (POV) with Swift and several global banks, including Lloyds, Emirates NBD Bank, and Federal Bank Limited. The POV demonstrated the efficient transfer of electronic trade documents using WaveBLs platform and Swifts secure network, significantly enhancing the speed and efficiency of trade finance transactions. This initiative is part of WaveBLs mission to integrate its network with the financial system, promoting the adoption of eBLs. The collaboration with Swift and participating banks highlights a commitment to advancing trade finance digitization. The successful POV is expected to drive further adoption of digital solutions in trade finance.
Partners
growth-positive
Asia Shipping Chooses WaveBL as Their Digital Partner for Electronic House Bills of Lading
Asia Shipping, a global logistics company, has expanded its partnership with WaveBL to include the use of electronic house bills of lading. This move is part of Asia Shippings commitment to efficiency, security, and sustainability in global trade. The company transferred over 17,000 master eBLs in 2023 alone. WaveBLs eBL blockchain-based solution has transformed Asia Shippings document management, ensuring top security, efficiency, and sustainability. The solutions have notably reduced processing times, eliminated document losses, and expedited transactions, all while promoting eco-friendly practices and facilitating seamless communication with partners.
PartnersExpand
growth-positive
WaveBL extends Series B to $37 million to expand blockchain-based digital trade document platform | CTech
Israeli startup WaveBL, which develops digital trade document solutions, has raised an additional $11 million, taking its Series B to $37 million. The funding round was led by NewRoad Capital Partners and included participation from existing investors ZIM, Marius Nacht, Contour Venture Partners, Frank Sica, and Techstars Central LLC, as well as new investor Reefknot Investments. WaveBLs platform uses blockchain technology to enable the instant, encrypted, and authenticated transfer of electronic Bills of Lading and related trade documents.
Investment
growth-positive
WaveBL Secures $26 Million Series B Funding Round
WaveBL, a market-leading provider of electronic Bills, has raised $26 million in its latest funding round. The funding will fuel WaveBLs global growth and market expansion in the digital trade documents sector. The round was led by NewRoad Capital Partners, with participation from existing investors and a new investor, Reefknot Investments. WaveBLs proprietary blockchain technology enables the secure and authenticated transfer of electronic trade documents. The investment will be used to expedite growth by increasing the employee base, primarily in sales, marketing, and R&D. WaveBLs strong alliances with leading customers and stakeholders are driving faster digitalization and adoption of electronic trade documents.
InvestmentPartners
| Sector | Fintech & Insurtech |
Funding
| Total funding | $52M |
| Last funding | $11M |
| Stage | B |
| Rounds | 6 |
| Investors | 14 |
Team Members
6
Employees: 51-200
Web & Social Links
| Website | wavebl.com |
| Careers | Careers page |
Locations
Ha-Gavish St 5, Kefar Sava, Israel
1313 N. Market Street, Suite 5100 Wilmington, Delaware 19801, USA
Photos & Videos
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