TechFlow news — On November 15, maritime fintech platform Shipfinex announced the completion of a $1.5 million seed funding round led by Gaurav Mehta, Chairman of Best Oasis Limited and SPM Shipping DMCC. This round also saw participation from Vivek Seth, Senior Vice President at ADNOC Logistics & Services, and Yasovardhan Chinni, Founder of Nanlian Ship Management LLC.
Shipfinex aims to democratize maritime finance by enabling fractional ownership of maritime assets through blockchain technology. The funds will support company growth, advance regulatory engagement with Dubai’s Virtual Assets Regulatory Authority (VARA), and develop a secure and compliant marketplace for Maritime Asset Tokens (MATs).
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