Maritime fintech start-up Shipfinex has announced that it has secured $1.5 million in seed funding to develop its platform, which aims to widen access to maritime finance by enabling fractional ownership of assets through the blockchain.
The funding round was led by Gaurav Mehta, Chairman of Best Oasis Limited and SPM Shipping DMCC, with additional investment from Vivek Seth, Senior Vice President at ADNOC Logistics & Services, and Yasovardhan Chinni, Founder of Nanlian Ship Management.
“Shipfinex represents the next era in maritime finance, expanding asset ownership and enhancing transparency and efficiency,” said Mr Mehta.
“We’re excited to support this transformative journey and redefine how the world invests in maritime assets.”
The funding will be used to support Shipfinex’s growth, manage regulatory alignment with Dubai’s Virtual Assets Regulatory Authority (VARA), and finance the development of a marketplace for Maritime Asset Tokens (MATs).
