What Voy Finance does

Voy Finance, operating under the trade name Paperless, is an Estonia-based fintech infrastructure company founded in 2019 that builds AI-powered settlement technology for global trade. Its single product, Paperless, operates as an autonomous AI settlement agent that automates the movement of documents and payments across the multiple counterparties involved in a maritime voyage — freight operators, P&I insurers, bunker fuel suppliers, port authorities, customs agencies, canal authorities, and warehouse operators. The platform uses the MLETR (Model Law on Electronic Transferable Records) compliance framework to make electronic documents legally equivalent to paper, then matches each verified document to its corresponding payment obligation and triggers simultaneous settlement via USDT under a Delivery-vs-Payment (DvP) architecture, eliminating counterparty risk and compressing settlement from approximately 45 days to 90 seconds. According to the company, the platform has been live for five years, has moved $1B in cumulative volume with zero defaults, and currently processes $200M in annual volume.

The company serves enterprise counterparties in global shipping and trade through a direct enterprise sales motion, with primary contact routed through a named individual (Lee) at [email protected]. Its revenue model is transaction-based, earning fees on each settlement processed through the infrastructure, though no public pricing or fee schedule is disclosed. The product addresses a stated $14 trillion annual global supply chain payments market and targets the manual, fragmented processing of 100,000+ payment obligations per voyage, which today consumes hundreds of hours of human effort per shipment. Voy Finance has raised approximately $2.1M across two disclosed funding rounds (2023 and August 2024, with GDA Capital leading the latter) and operates with 11–50 employees.

Leadership consists of CFO Andrew Liaw and the operating contact Lee; no further management team details are disclosed. The company is privately held with no parent company, institutional investors beyond GDA Capital, or public listing. Notably, the company description references "Tokenised RWA Finance protocol" as its short description, while operational material focuses on AI trade settlement — suggesting a possible positioning ambiguity between a RWA/tokenization narrative and a settlement-infrastructure narrative that investors should clarify.

Name

Voy Finance

Website

https://voy.finance

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Voy Finance (d/b/a Paperless) is an Estonia-based fintech that operates an AI settlement agent automating document and USDT payment settlement across global maritime trade counterparties, using MLETR compliance and Delivery-vs-Payment architecture to compress 45-day settlement to 90 seconds.

Ownership category

akta.pro rank

Product category

Trade Finance Settlement Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Trade Finance Operations (LCs, Collections, Guarantees) (FSABALAF)

akta.pro secondary industry

Open Account Trade Finance (Receivables/Payables Finance) (FSABAHAB)

Keywords

• Trade settlement infrastructure
• AI payment automation
• MLETR compliance
• USDT settlement
• Supply chain payments

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Transaction-based Settlement Fees: Revenue generated per settlement transaction processed through the AI settlement infrastructure. Each payment obligation (freight, insurance, fuel, customs, canal fees) automated and settled represents a transaction processed.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Voy Finance (operating as Paperless) provides AI settlement infrastructure for global trade. Its AI agent automatically matches trade documents to payment obligations and settles them simultaneously in USDT under MLETR compliance using a Delivery vs Payment (DvP) mechanism, replacing manual processing of 100,000+ payment obligations per shipping voyage.

Product overview

Voy Finance offers a single unified product called Paperless — an AI Settlement Infrastructure for Global Trade. The platform operates as a comprehensive settlement system that automates payment obligations and document transfers for shipping operations, handling freight, insurance, fuel, customs, canal fees, and warehouse receipts through a single AI agent. The product uses MLETR-compliant document verification and USDT for simultaneous payment settlement via DvP mechanism.

Differentiator

Problem solved

Functional benefit

Products and services

• Paperless AI-powered settlement infrastructure that automates document and payment movements for global shipping trade, enabling simultaneous DvP (Delivery vs Payment) settlements via USDT under MLETR compliance, replacing manual processing of 100,000+ payment obligations per voyage. Serves shipping companies, freight operators, insurers, fuel suppliers, port authorities, customs, and warehouse operators.

Quantifiable outcome

• 100,000+ payment obligations per ship automated (vs manual processing)
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature3 records

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Contour (formerly Voltron): Digital LC and trade document network built on Corda, used by global banks. Direct overlap in digitizing transferable trade documents and accelerating settlement in trade finance.
• Komgo: Blockchain-based platform for trade finance operations used by major commodity traders and banks. Direct competitor in digitizing and automating trade finance documents, KYC, and settlement workflows.
• TradeIX (Marco Polo Network): Enterprise blockchain network for trade and trade finance, focused on open account and supply chain finance automation. Direct overlap with Voy Finance in automating trade payment obligations and reducing settlement friction.
• We.Trade: Blockchain-based platform for open account trade finance backed by major European banks. Comparable in automating cross-border trade payment workflows for SMEs and corporates.

Emerging players

• Centrifuge: Decentralized protocol for tokenizing real-world assets including trade receivables and invoices. Comparable RWA-tokenization angle relevant to Voy Finance's 'Tokenised RWA Finance protocol' positioning.
• Goldfinch: Decentralized credit protocol for emerging market lending using tokenized RWA credit. Adjacent peer in DeFi-based RWA and trade-related credit infrastructure.
• Maple Finance: DeFi credit protocol focused on tokenized undercollateralized lending and RWA credit markets. Adjacent peer in bringing real-world credit and trade finance on-chain.

Broad incumbents

• Tradeshift: Established supply chain finance and B2B marketplace platform. Comparable in digitizing supply chain payments and trade workflows, though operating in a broader, more traditional SaaS model.
• Circle: Issuer of USDC stablecoin with deep presence in settlement and cross-border payment infrastructure. Comparable in providing stablecoin-rails for settlement, though at a much broader platform level.
• essDOCS (CyberLogitec): Long-established provider of electronic Bill of Lading and trade document solutions for shipping. Comparable in digitizing eBLs and trade documents, though in a more traditional, non-crypto framework.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/voyfinance
• LinkedInlinkedin.com/company/voyfinance

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Voy Finance