Maritime Fintech Startup Shipfinex Raises $1.5M to Revolutionize Asset Ownership

Shipfinex, the pioneering maritime fintech company, has raised $1.5 million in seed funding to bring blockchain based fractional ownership to the maritime industry.

The funding was led by Gaurav Mehta, chairman of Best Oasis Limited and SPM Shipping DMCC, with Vivek Seth, senior vice president at ADNOC Logistics & Services and Yasovardhan Chinni, founder of Nanlian Ship Management LLC participating.

The company’s mission is to democratize access to maritime assets by creating a blockchain based marketplace for fractional ownership. This will bring transparency, efficiency and investment to an industry dominated by big capital players.

“Shipfinex is going to change the face of maritime finance and this funding will fast track our efforts to open up more investment opportunities and redefine asset ownership” says CEO Vikas Pandey.

Leveraging Blockchain for Maritime Asset Tokens

Shipfinex will use the funds to build a secure and compliant platform to tokenise maritime assets. Investors will be able to buy fractional shares of ships and related assets and modernise the maritime finance industry. The platform will be VARA compliant to align with Dubai’s vision to be a global hub for digital finance.

Gaurav Mehta’s knowledge of shipping and energy industry will be instrumental in shaping the company. “Shipfinex is the future of maritime finance” says Mehta, “it will open up asset ownership and increase market transparency”.

Industry Support Signals Growth Potential

The fact that industry leaders are participating in the funding round is a testament to Shipfinex’s potential. Mehta, Seth and Chinni have years of experience in logistics and ship management and brings credibility to the company’s big vision.

Key objectives for Shipfinex include:

• Developing a Blockchain Marketplace: The platform will tokenize maritime assets for secure, fractional ownership.
• Enhancing Regulatory Compliance: Partnering with Dubai’s VARA ensures adherence to global standards.
• Expanding Investment Opportunities: Democratizing maritime finance opens doors for retail and institutional investors alike.