• The maritime fintech startup raised USD 1.5 million to develop its blockchain-based platform enabling fractional ownership of maritime assets.
• The funding round was led by Gaurav Mehta of Best Oasis Limited, with backing from Vivek Seth of ADNOC Logistics & Services and Yasovardhan Chinni of Nanlian Ship Management.
• Shipfinex’s platform will introduce Maritime Asset Tokens (MATs), aiming to democratize maritime finance by lowering barriers to entry and enhancing investment transparency.

Shipfinex, a maritime fintech startup, has announced raising USD 1.5 million in seed funding to further develop its platform, which aims to transform the maritime finance sector, according to Media reports.

By leveraging blockchain technology, Shipfinex is set to enable fractional ownership of maritime assets. The startup is creating a more inclusive and efficient investment model in an industry traditionally dominated by large-scale investors.

This innovative approach will lower barriers to entry, allowing a broader range of investors to participate in maritime finance.

Key Investors Backing the Funding Round

The funding round was led by Gaurav Mehta, Chairman of Best Oasis Limited and SPM Shipping DMCC. It also saw participation from prominent maritime and logistics leaders, including Vivek Seth, Senior Vice President at ADNOC Logistics & Services, and Yasovardhan Chinni, Founder of Nanlian Ship Management.

This diverse group of industry experts reflects strong confidence in Shipfinex’s potential to reshape the maritime finance ecosystem.

Shipfinex Blockchain Technology 

“We’re excited to support this transformative journey and redefine how the world invests in maritime assets,” said Gaurav Mehta.

The maritime sector is known for its capital-intensive nature, often presenting significant hurdles to attracting diverse investors.

By offering blockchain-based Maritime Asset Tokens (MATs), Shipfinex seeks to democratize investment in maritime assets. It will help making it easier to buy and sell fractional ownership.

The platform simplifies asset management and facilitates more transparent, secure transactions, addressing long-standing inefficiencies in the industry.

Funds to Support Shipfinex Growth

The seed funding will be instrumental in supporting the development of Shipfinex’s platform, particularly in areas of regulatory alignment.

The company plans to work closely with Dubai’s Virtual Assets Regulatory Authority (VARA) to ensure compliance in the evolving regulatory landscape. Additionally, the funding will be toward building a marketplace for MATs, allowing maritime investors and stakeholders to trade assets more efficiently.

Leading Innovation in Maritime Finance

This investment comes at a time when the maritime finance sector is experiencing a shift toward innovative financial models.

The traditional funding methods face limitations. Shipfinex’s blockchain-powered platform positions the company to be a change-maker in this new era of maritime finance.