Reaching this new milestone underscores the
value of Ship4wd's new financial solution as it opens additional
avenues of global trade and improves cash flow for underserved
importers and exporters with a new source of capital
NEW
YORK, Sept. 12, 2023 /CNW/ -- Ship4wd, a
leading global digital freight forwarding solution platform,
celebrates a new milestone in its journey to disrupt the status quo
within the international shipping and logistics sector while
supporting small and medium-sized businesses (SMBs). Ship4wd is
proud to announce that the company's customers were provided with
over US$3 million in credit lines
during the inaugural month of its financing solution's launch,
providing direct funding access to SMBs to pay for shipments up to
90 days from the cargo delivery date, so they can better compete
and succeed in today's challenging global economic situation.
Debuted in June 2023, this vital
credit line service1, combined with Ship4wd's recently
introduced 'Buy Now, Pay Later' offer, opens essential avenues for
importers and exporters to enhance cash flow and combat the
significant supply chain and financial frictions hindering business
growth.
Amidst a fluctuating economic environment causing the amount of
loans being given to SMBs to decrease while their interest rates
increase2, traditional financing opportunities continue
to diminish for these enterprises, impacting their ability to have
the necessary cash flow to succeed and thrive. In response to this
challenge, Ship4wd's credit services have provided flexible capital
to SMBs at various growth stages of their lifecycle, enabling them
to unlock both cross-border importing and exporting opportunities
for their business. The loan sizes have included microloans of less
than US$5,000 to loans of more than
US$100,000.
"SMBs are the backbone of the global economy, and we're proud to
provide US$3 million in credit lines
in the first few weeks following the launch of our financial
offering," said Carmit Glik, CEO of
Ship4wd. "Our online credit line service provides a launching pad
to support SMBs as they tap into the global supply chain so that
they can successfully operationalize and manage their shipments
more effectively, aiding them in meeting their businesses demands
and deadlines of their customers."
Ship4wd's one-stop-shop platform provides international shipping
solutions for SMBs to manage their imports and exports. With only a
few clicks, SMBs can easily view and compare a range of fully
detailed and transparent shipping quotes, book their shipments,
secure container allocation for door-to-door or port-to-port
delivery, and track shipment status over the platform's dashboard.
Ship4wd's team of experts provides 24/7 customer support, enabling
SMBs to clarify any doubts they might have while having 100%
visibility of the shipping process over the platform's
dashboard.
Ship4wd was founded by ZIM Integrated Shipping Services Ltd.
(NYSE: ZIM), a market leader in global shipping with nearly 8
decades of industry experience and a reputation for
industry-leading reliability and excellence.Ship4wd is
committed to the highest standards, registered by the U.S.
Federal Maritime Commission (FMC), and reported zero cargo loss in
2022.
For more information, please visit www.ship4wd.com.
About Ship4wd
Ship4wd is a best-in-class digital-first freight solution that
gives small businesses the personal freedom, ease and transparency
to better manage their imports and exports. With full end-to-end
visibility and built-in flexibility, Ship4wd is helping businesses
to progress and thrive.
1 Offered in collaboration with Ship4wd's business
partner 40Seas.
2 Credit Standards Tighten as Small Business C&I
Lending Declines - Federal Reserve Bank of Kansas City
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SOURCE Ship4wd