WaveBL
WaveBL is a blockchain-based platform that issues and transfers electronic Bills of Lading and trade documents in minutes via patented peer-to-peer technology, serving ocean carriers, freight forwarders, beneficial cargo owners, and global banks across 100+ countries with claimed 65% eBL market share.
- Company typePrivate
- Founded2015
- HeadquartersKfar Saba, Israel
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What WaveBL does
WaveBL, legally OGY Docs Inc. (Delaware-incorporated), is a blockchain-based electronic trade documentation platform founded in 2015 and headquartered in Kfar Saba, Israel. Its core product is an electronic Bill of Lading (eBL) solution built on patented distributed ledger technology using a peer-to-peer architecture, AES+RSA cryptography, an anonymity layer, and non-detachable digital signatures. The platform transfers eBLs in approximately 8 minutes — versus 10–14 days for paper — while WaveBL never acts as a commercial or legal principal in the transaction. Around the eBL core, WaveBL has built a Digital Hub that extends blockchain-anchored authenticity to the full set of trade documents (invoices, packing lists, shipping instructions, certificates of origin, bank presentations) with AI-powered extraction, automatic error detection, smart search, and document generation. Add-on modules include WaveBL for Customs (AI-powered customs intelligence for government agencies), Structured Bank Presentations for letters of credit and collections, LightWave mobile app, Wave Pouch document storage, and Zero-Carbon eBLs offset via Gold Standard carbon credits.
WaveBL serves four primary customer segments: ocean carriers (MSC, ZIM, ONE, Hapag-Lloyd, PIL, Evergreen, Saco), freight forwarders and NVOCCs (Savino Del Bene, Hecny Group, KPM Logistics, Asia Shipping, Interglobo, Safe Logistics, RS Logistics, MTS Logistics), beneficial cargo owners (importers/exporters), and banking institutions (Lloyds, U.S. Bank, HSBC, ICICI Bank, Federal Bank, Mizrahi Tefahot). The platform reports 65% eBL market share, 1M+ eBLs issued, and operations across 100+ countries. Revenue is generated through a Pay-as-you-Grow tiered, usage-based per-transaction pricing model for eBLs combined with tiered SaaS subscriptions for platform access; a free trial of 10 eBLs supports product-led onboarding for smaller customers, while enterprise sales, ocean carrier distribution, banking partners, and technology integration partners (Temenos, Surecomp, e2open, TradeGo) drive enterprise adoption. A SWIFT proof-of-value (October 2024) with five global banks and MSC positions the platform for distribution to all SWIFT-connected banks worldwide. The company has raised approximately $52M in venture funding across multiple rounds, including a $37M Series B led by NewRoad Capital Partners.
WaveBL firmographics
Firmographics- Name
- WaveBL
- Legal name
- OGY Docs Inc.
- Website
- https://wavebl.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- WaveBL is a blockchain-based platform that issues and transfers electronic Bills of Lading and trade documents in minutes via patented peer-to-peer technology, serving ocean carriers, freight forwarders, beneficial cargo owners, and global banks across 100+ countries with claimed 65% eBL market share.
- Ownership category
- akta.pro rank
WaveBL industry classification
Industry- Product category
- Digital Trade Documentation
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Software Publishers (513210)
- SIC
- Deep Sea Foreign Transportation Of Freight (4412), Water Transportation (4400)
- akta.pro primary industry
- Document Digitization, eDocs & eBL/eAWB Enablement (Platforms/Compliance) (TLACAHAI)
- akta.pro secondary industries
- Maritime Single Window & Regulatory Reporting Systems (TLAHAOAB), Ocean Export Forwarding (Booking/VGM/SI/BL) (TLACABAF), E-Signature & Digital Transaction Management (DTM) (HDAEAGAF)
Keywords
Where WaveBL is headquartered
LocationHeadquarters
- HQ city
- Kfar Saba
- HQ country
- Israel
- HQ region
- Middle East
Markets served
WaveBL business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Electronic Bill of Lading (eBL) transactions: WaveBL charges per eBL transaction. The pricing follows a Pay-as-you-Grow tiered model where costs decrease as monthly eBL usage increases. Billing occurs at the end of each month.
- SaaS Platform Subscription: Access to the WaveBL platform and Digital Hub is provided via subscription plans (tiered options), with costs scaling based on usage volume. Fees are paid upon receipt unless otherwise agreed in the Order.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Volume-tiered, usage-based pricing with decreasing per-unit costs at higher monthly volumes |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
WaveBL product offering
Product offeringCore offering
WaveBL provides a blockchain-based peer-to-peer platform that enables ocean carriers, freight forwarders, beneficial cargo owners, and banks to issue, transfer, and manage electronic Bills of Lading (eBLs) and other trade documents digitally. The platform extends beyond eBLs to a Digital Document Hub covering invoices, packing lists, certificates, and shipping instructions with AI-powered extraction, error detection, and business intelligence. Transactions complete in approximately 8 minutes versus days/weeks for paper-based processes, with the platform processing 1M+ eBLs across 100+ countries.
Product overview
WaveBL is a blockchain-based digital trade document platform offering a unified solution for electronic Bills of Lading and comprehensive trade document management. The core platform consists of the Electronic Bill of Lading (eBL) solution and the Digital Hub, which extends eBL capabilities to encompass all trade documents. Add-on modules include WaveBL for Customs (blockchain-powered customs validation with AI intelligence), Wave Pouch (all-in-one document storage), Structured Bank Presentations (digital trade finance), LightWave (mobile app for quick eBL actions), and Zero-Carbon eBL (sustainability option). The platform serves ocean carriers, freight forwarders, beneficial cargo owners, and banking institutions across 100+ countries, with 65% eBL market share and operations across major shipping lines including MSC, ZIM, ONE, Hapag Lloyd, PIL, Evergreen, and Saco.
Differentiator
Problem solved
Functional benefit
Products and services
- Electronic Bill of Lading (eBL) WaveBL's blockchain-based patented solution for transmitting electronic master bills of lading (eMBL) and electronic house bills of lading (eHBL). Uses peer-to-peer technology for direct document transfer with ~8-minute transfer time per transaction, advanced cryptography (AES+RSA), privacy layer, and non-detachable digital signatures. WaveBL is never a commercial or legal principal in the transaction. Designed for ocean carriers, freight forwarders, BCOs, and banks.
- Digital Hub AI-powered trade document hub that extends the proven eBL blockchain network to encompass all trade documents, including eMBL, eHBL, invoices, packing lists, shipping instructions, bank presentations, ePhyto, and certificates of origin. Features AI-powered document extraction, automatic error detection, smart search and archive, and track-and-trace capabilities. Designed for shippers, consignees, forwarders, and banks that need to manage multiple trade document types.
- WaveBL for Customs Blockchain-powered platform for government customs authorities to prevent fraud, streamline document validation, and boost tax collection efficiency. Features KYC verification of importers/exporters, real-time document authentication, CoA verification, AI-powered trade intelligence for analyzing flagged shipments (checks SKUs, pricing, and classifications against real-time trusted database prices, alerting authorities when discrepancies exceed 30%), and automatic mismatch detection.
- LightWave Mobile App Mobile app for streamlining common eBL actions, enabling shippers and consignees to open, send, amend, or surrender eBLs with just a few clicks, eliminating the need to log in to the full platform.
- Zero-Carbon eBL Sustainable eBL solution created by purchasing and utilizing surplus carbon credits on a carbon trade exchange. Measured by international standards and offset by Gold Standard. Designed for organizations pursuing ESG and sustainability goals by eliminating paper-based document production and physical courier movements.
- Structured Bank Presentations Digital trade finance capability enabling exporters and importers to present trade finance documents digitally to banks for Letters of Credit and Collections. Documents including eBL are delivered instantly through a secure digital channel for near real-time processing. Designed for banks and their trade finance customers.
Quantifiable outcome
- 8-minute eBL transfer time vs. 10-14 days for paper-based processes
- +10 more outcomes
Companies that use WaveBL
Customer profileNamed customers22 records
Segments5 records
Ideal customer profiles5 records
WaveBL technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability6 records
Feature12 records
WaveBL partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core, flagship and minor.
- Capital4TradecoreUS-based non-bank trade finance network that completed a market-first digital trade deal with WaveBL, using eBLs, IoT cargo monitoring, and decentralized finance (stablecoin) liquidity to finance frozen food shipments from Spain to Florida for a US SME, addressing liquidity squeeze for smaller traders.
- Tech CargocoreFreight forwarder that partnered with Capital4Trade and WaveBL to complete a market-first digital trade finance deal combining eBLs, IoT monitoring, and DeFi liquidity for cross-border frozen food shipment from Spain to the US.
- TradeGocoreDigital trade platform achieving full system interoperability with WaveBL for electronic bills of lading (February 2026). Integration allows WaveBL customers to access Chinese banks and corporates while giving TradeGo users connectivity to major container carriers on WaveBL's network, cutting transaction times from days to minutes using DCSA API standards.
- U.S. BankflagshipU.S. Bank completed its first fully digital trade finance transaction using WaveBL (July 2025), serving as presenting bank with MSC issuing eBL and ICICI Bank processing the other side. A consistent stream of live transactions has continued with plans to expand globally.
- Mizrahi Tefahot Bank UKcoreUK subsidiary of Israeli bank that partnered with WaveBL for a digital trade finance transaction with CZ, cutting trade financing processing time by 95% (from weeks to hours).
- SWIFTflagshipWaveBL completed a groundbreaking network connectivity proof-of-value with SWIFT involving five global banks and MSC as eBL issuer (October 2024). WaveBL is building a process with SWIFT to allow every bank to accept electronic presentations via the SWIFT system, which is connected to banks worldwide.
- PIL (Pacific International Lines)coreSingapore-based Pacific International Lines partnered with WaveBL (July 2024) in the digital trade document revolution, offering advanced eBL solutions to customers to streamline transactions, reduce costs, and improve productivity.
- SurecompcoreTrade finance technology provider that partnered with WaveBL to reinforce paperless maritime trade adoption with a collaborative eBL process, enabling seamless integration between trade finance and shipping systems.
- Federal Bank (India)flagshipFederal Bank partnered with WaveBL to streamline digital trade (announced August 2024). India's first fully digital export collection transaction was executed on WaveBL. Also participated in first UK-India digital eBL transaction with Lloyds Bank.
- e2opencoreEnd-to-end transportation management partner collaborating with WaveBL to deliver enhanced electronic bills for more efficient end-to-end transportation management, as part of e2open's CONNECT initiative.
- Lloyds BankflagshipLloyds Bank formed the UK's first trade digitalisation partnership with WaveBL (February 2024). Lloyds became the first UK bank to join the WaveBL platform. Subsequently completed multiple digital LC and eBL transactions including first India-UK digital LC with ICICI Bank (December 2025).
- HSBC / First International Bank of Israel (FIBI)coreHSBC, in collaboration with FIBI, completed a Letter of Credit transaction on WaveBL demonstrating cross-bank electronic document presentation in real trade flows, completing in under 3 days instead of the typical 21 days.
- MSC (Mediterranean Shipping Company)coreLeading ocean carrier and one of the world's largest container shipping lines. MSC issues electronic bills of lading on WaveBL's platform and participated in WaveBL's SWIFT network connectivity proof-of-value alongside five global banks.
- ZIMcoreIsraeli ocean carrier that partnered with WaveBL early (2017) for groundbreaking blockchain-based bill of lading. ZIM issues eBLs on WaveBL's platform and has reduced document transfer times from days to seconds.
- ONE (Ocean Network Express)coreGlobal ocean carrier partner that issues electronic bills of lading on WaveBL's platform, contributing to WaveBL's broad carrier network.
- Hapag-LloydcoreMajor global container shipping line partner issuing eBLs on WaveBL's platform.
- Evergreen LinecoreOcean carrier partner issuing electronic bills of lading on WaveBL's platform.
- SacominorOcean carrier partner on WaveBL's platform.
- ICICI BankcoreIndian bank that has processed multiple digital trade finance transactions on WaveBL's platform with U.S. Bank and Lloyds Bank, supporting exports from the US and UK to India via eBL-based presentations.
- TemenoscoreBanking technology partner in partnership with WaveBL and Surecomp to ensure seamless connections with global banks for digital trade finance transactions, integrating WaveBL's eBL platform with Temenos' banking systems.
Scale indicators13 records
Recent moves6 records
Expansion highlights7 records
WaveBL competitors and assessment
Company assessmentDirect peers
- CargoX: CargoX is a direct competitor offering blockchain-based electronic Bill of Lading and other trade document transfer services. Both companies target the same ocean carriers, freight forwarders, and BCOs with similar P2P blockchain architectures, and compete head-to-head for market share.
- essDOCS: essDOCS provides electronic Bill of Lading and other electronic trade document solutions to ocean carriers, banks, and shippers. It is one of the longest-standing eBL providers and competes directly with WaveBL for carrier and bank contracts globally.
- Enigio: Enigio offers trace:original, an electronic original document solution for bills of lading and other trade documents using a DLT-based P2P architecture. It competes with WaveBL in the same eBL market and serves many of the same ocean carrier and freight forwarder customers.
- TradeGo: TradeGo is a Chinese digital trade platform offering electronic bills of lading and trade finance infrastructure. WaveBL and TradeGo are now interoperable via DCSA APIs but also compete in adjacent regional markets for carrier and bank eBL issuance.
- Bolero International: Bolero provides electronic trade documentation and digital trade finance solutions for banks, carriers, and corporates. It is a long-established competitor in the electronic Bill of Lading and digital trade finance space, particularly strong in Europe.
Emerging players
- Digital Container Shipping Association (DCSA): DCSA is an industry standards body created by major carriers that publishes digital standards and APIs for container shipping. While not a commercial eBL issuer, its interoperability standards directly shape WaveBL's product roadmap and competitive landscape.
- Marco Polo Network: Marco Polo is a trade finance blockchain network connecting corporates, banks, and trade partners. It overlaps with WaveBL in the digital trade finance domain but focuses more on open-account and payables finance workflows rather than eBL issuance.
- Contour (formerly Voltron): Contour is a blockchain-based digital trade finance network for letters of credit and bank-issued trade instruments. It overlaps with WaveBL in the digital LC and structured bank presentation space, particularly competing for bank digital trade finance mandates.
Broad incumbents
- ICE Digital Trade (Traydstream/ICE): Intercontinental Exchange operates digital trade and trade finance platforms serving banks and corporates. As a large financial infrastructure provider, it represents broader incumbent competition in digital trade finance where WaveBL also operates.
Regional players
- Surecomp: Surecomp is a trade finance software provider serving banks globally with back-office trade finance platforms. WaveBL has a partnership with Surecomp for bank integrations, but Surecomp also competes in adjacent digital trade finance workflows for bank customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
WaveBL social profiles
Digital presenceWaveBL compliance and trust
Trust signalCompliance9 records
WaveBL financial estimates
Financial estimateRevenue estimate
Valuation estimate
WaveBL leadership team
Management profileNumber of profiles
Profiles12 records
WaveBL funding detail
Funding detailFunding overview
Funding rounds6 records
Investors14 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WaveBL M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WaveBL
What does WaveBL do?
WaveBL provides a blockchain-based peer-to-peer platform that enables ocean carriers, freight forwarders, beneficial cargo owners, and banks to issue, transfer, and manage electronic Bills of Lading (eBLs) and other trade documents digitally. The platform extends beyond eBLs to a Digital Document Hub covering invoices, packing lists, certificates, and shipping instructions with AI-powered extraction, error detection, and business intelligence. Transactions complete in approximately 8 minutes versus days/weeks for paper-based processes, with the platform processing 1M+ eBLs across 100+ countries.
Is WaveBL a public or private company?
WaveBL is a private company. It is classified as venture growth investor backed and is currently operating.
When was WaveBL founded?
WaveBL was founded in 2015. It employs 51 to 100 people.
Where is WaveBL based?
WaveBL is headquartered in Kfar Saba, Israel, in the Middle East region.
How does WaveBL make money?
Two revenue lines are on record. Electronic Bill of Lading (eBL) transactions are the primary driver. The others are saaS Platform Subscription.
Who are WaveBL's main competitors?
Direct peers on record are CargoX, essDOCS, Enigio, TradeGo and Bolero International. Emerging players are Digital Container Shipping Association (DCSA), Marco Polo Network and Contour (formerly Voltron). ICE Digital Trade (Traydstream/ICE) is listed as a broad incumbent. Surecomp is listed as a regional player.
Does WaveBL have an API?
Yes. WaveBL offers an API that enables customers to integrate their software and databases to the WaveBL platform for API Integration purposes. The API allows access and use of data obtained through the OGY API from the customer's data directory stored on the Platform. Users can connect their TMS (Transportation Management System) to WaveBL for seamless eBL notifications. The API is subject to terms and conditions outlined in the Terms and Conditions, with updates requiring 7 days prior notice. Documentation is available via API Documentation. SWIFT integration is in development to enable every bank to accept electronic presentations via the SWIFT system.
What industry is WaveBL in?
WaveBL's product category is Digital Trade Documentation. Its primary akta.pro industry code is TLACAHAI, Document Digitization, eDocs & eBL/eAWB Enablement (Platforms/Compliance), with a secondary code of TLAHAOAB, Maritime Single Window & Regulatory Reporting Systems. Its NAICS code is 518210 and its SIC code is 4412.