According to TechFlow, on November 15, the maritime fintech platform Shipfinex announced the completion of a $1.5 million seed round of financing, led by Gaurav Mehta, Chairman of Best Oasis Limited and SPM Shipping DMCC. Vivek Seth, Senior Vice President of ADNOC Logistics & Services, and Yasovardhan Chinni, Founder of Nanlian Ship Management LLC, also participated in this round of investment.

Shipfinex is committed to democratizing maritime finance by enabling fractional ownership of maritime assets through blockchain technology. This round of financing will be used to support the company's growth, advance the regulatory process of Dubai Virtual Asset Regulatory Authority (VARA), and develop a secure and compliant maritime asset token (MATs) trading market.