Bolero International

What Bolero International does

Bolero International Limited, founded in 1998 by SWIFT together with the global logistics and insurance industry, operates a cloud-native digital trade finance platform branded Galileo. The platform enables the issuance, exchange, and lifecycle management of electronic Bills of Lading (eBLs) alongside end-to-end digital trade finance workflows — letters of credit, documentary collections, and matched purchase order financing — connecting banks, carriers, freight forwarders, and beneficial cargo owners (BCOs) on a single multi-party network governed by the Bolero Rulebook under English common law. Bolero's flagship solutions include Galileo eBL-as-a-Service (the first IGP&I-approved electronic bill of lading), Galileo Multi-Bank for Corporates (a collaborative portal linking corporates to multiple banks), and Galileo TPaaS for Banks (a white-labelled trade finance portal-as-a-service, anchored by UBS).

The business is monetized through a combination of recurring SaaS subscription fees, per-transaction charges for eBLs and document presentations, white-label licensing to banks, and integration/professional services. Following its July 2022 acquisition by WiseTech Global, Bolero's eBL capabilities are embedded natively inside the CargoWise logistics platform, extending distribution to thousands of freight forwarders and complementing Galileo with integrations into the broader WiseTech ecosystem (including INTTRA and e2open). The platform currently processes approximately $80 billion in annual trade transaction volume across more than 46 countries, with 65+ banking groups, 6+ million trade documents, and 550,000+ monthly transactions.

Bolero's GTM combines enterprise field sales, channel partnerships (Virtusa, DXC, 360tf, TBK Systems), technology integrations (R3 Corda, TradeLens, Marco Polo, Traydstream, Surecomp, Intellect, China Systems), and white-label OEM deployment. Headquartered in London with regional offices in Hong Kong and Singapore, the company serves tier-one global banks, major shipping carriers (HMM, Evergreen, Wan Hai, Swire), large corporates (Cargill, Home Depot, Reliance, Codelco, CHIMEI), and trade financiers, and is ISO 27001:2013 certified.

Name

Bolero International

Legal name

Bolero International Limited

Website

https://bolero.net

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

51–100 employees

Short description

Bolero International operates the Galileo cloud-native platform for electronic Bills of Lading and digital trade finance, serving global banks, shipping carriers, freight forwarders, and beneficial cargo owners across 46+ countries. Acquired by WiseTech Global in 2022, it is embedded natively within the CargoWise logistics ecosystem.

Ownership category

akta.pro rank

Product category

Digital Trade Finance Platform

NAICS

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

akta.pro primary industry

Invoicing, Billing & Accounts Receivable Automation (FSAGAJAC)

akta.pro secondary industries

Trade & Invoice Payments (Cross-Border B2B) (FSAMAIAL), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK)

Keywords

• Electronic trade finance
• Electronic bills of lading
• Trade documentation platform
• Multi-bank trade portal
• Digital shipping documents

Headquarters

HQ city

Hersham

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Subscription - Platform Fees: Cloud-based platform services with subscription fees for access to Bolero's digital trade finance platform including eBL issuance, document exchange, and multi-bank connectivity.
2. Transaction-based Fees: Per-transaction fees for processing electronic bills of lading, document presentations, and trade finance instrument executions through the platform.
3. White-label TPaaS Licensing: White-labelled portal licensing fees for banks deploying Galileo TPaaS (Trade Finance Portal as a Service) to serve their corporate customers.
4. Integration and Professional Services: Implementation, integration, and consulting services supporting customer onboarding and platform customization.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Bolero International provides a cloud-native digital trade finance platform (Galileo) that enables the secure exchange, management, and lifecycle control of electronic Bills of Lading (eBLs) and related trade finance documents. The platform serves banks, shipping carriers, freight forwarders, and beneficial cargo owners (BCOs) through three main offerings: eBL-as-a-Service, Multi-Bank for Corporates, and white-labelled TPaaS for Banks, underpinned by the Bolero Rulebook legal framework.

Differentiator

Problem solved

Functional benefit

Brands

• Galileo: Bolero's cloud-native digital trade finance platform that enables secure execution of trade finance instruments alongside lifecycle management of electronic Bills of Lading and related trade documents. Powers Multi-Bank for Corporates, TPaaS for Banks, and Electronic Bills of Lading solutions.

Products and services

• Bolero eBL-as-a-Service Industry's first IGP&I approved electronic bill of lading (eBL) solution enabling digitalization at scale. Supports carrier-issued and forwarder-issued eBLs with full legal validity under the Bolero Rulebook, serving shipping carriers, banks, and corporates needing standalone eBL capabilities.
• Galileo Multi-Bank for Corporates A powerful, collaborative, and secure multi-banking trade finance portal connecting corporate clients with trade partners and banks on one secure platform with end-to-end visibility. Designed for importers, exporters, and beneficial cargo owners managing multi-bank trade finance relationships.
• Galileo TPaaS for Banks The industry's first white-labelled trade finance portal-as-a-service for banks to accelerate digitization and transform customer experience. Banks deploy a branded portal with full customization to serve their corporate customers.
• Galileo Platform Bolero's cloud-native platform that brings trade finance and electronic document workflows together, enabling the secure execution of trade finance instruments alongside the lifecycle management of electronic Bills of Lading and related trade documents. Replaces paper-based trade processes with a single, trusted digital platform connecting banks, carriers, freight forwarders, and beneficial cargo owners on one secure global network.
• Matched electronic Purchase Order (Me-PO) Financing A supply chain financing solution that dramatically improves the release of working capital by automating processing of purchase orders and invoices. Developed for HSBC and adopted by Home Depot for global trade operations.

Quantifiable outcome

• eBL transactions complete in 2.6 days average vs 30 days for paper documents - 10x faster
• +6 more outcomes

Named customers20 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

AI capability3 records

Feature7 records

Partnerships

22 partnerships are on record, tiered core, strategic, minor and regional.

• CHIMEI CorporationcoreStrategic or Co-development Partner · 15 August 2022Taiwan-based performance materials company partnering with Bolero for trade finance digitisation. CHIMEI uses Bolero's Galileo platform for electronic Bills of Lading and multi-bank trade finance transactions, reducing document risk and supporting ESG practices.
• HMMcoreStrategic or Co-development Partner · 27 April 2022South Korea's national flagship carrier and leading container shipping company partnering with Bolero to accelerate eBL growth in Asia. HMM provides electronic Bill of Lading services to customers through Bolero platform.
• TradeLens (IBM/Maersk)strategicTechnology or Integration · 29 March 2022Collaboration with TradeLens blockchain-based global shipping platform to accelerate electronic bill of lading adoption across global shipping industry.
• VirtusastrategicImplementation/ SI/ Consulting Partner · 14 April 2021Global provider of digital strategy, digital engineering, and IT services and solutions. Partnership for white-labelled trade finance portal-as-a-service solution Galileo TPaaS for Banks.
• IncomlendstrategicStrategic or Co-development Partner · 27 January 2021Global invoice marketplace expanding Bolero's trade finance ecosystem through joint project enabling alternative financing access.
• CommChainstrategicTechnology or Integration · 22 October 2020Partnership to provide electronic bill of lading as-a-service to R3 Corda based trade platforms in Latin America.
• EnvoystrategicTechnology or Integration · 22 October 2020Partnership to provide electronic bill of lading as-a-service to R3 Corda based trade platforms in Australia.
• MitigramstrategicStrategic or Co-development Partner · 5 August 2020Partnership for one-stop trade finance, risk mitigation and digital transaction service. Bolero joined Marco Polo Network to bring e-Bill of Lading and e-documents capabilities.
• 360tfcoreGTM or Marketing Partner360tf is a Nimai group digital trade finance platform present in UAE, Qatar, Kenya, Nigeria, Bangladesh, Sri Lanka, India with 250+ relationships with financial institutions. Partnership expands Galileo Multi-Bank for Corporates in Asia, Middle East, and other geographies.
• AWS (Amazon Web Services)coreTechnology or IntegrationAWS is the world's most comprehensive cloud platform with 175+ services. Bolero's platform is hosted on AWS, providing scalable, secure cloud infrastructure for global trade documentation services.
• BSM GlobalstrategicTechnology or IntegrationAustralian company specializing in trade execution business process optimization including communication, compliance and document management. Partnership enables mutual clients to benefit from Bolero's product suite combined with BSM expert services.
• China SystemsstrategicTechnology or IntegrationWorld's largest trade services solutions vendor with offices in Europe, USA, Asia, Middle East serving 150+ banks in 75 countries. Partnership enables banks to integrate Bolero functionalities into their back office environment.
• DXC TechnologystrategicImplementation/ SI/ Consulting PartnerWorld's leading independent end-to-end IT services company serving 6,000+ clients across 70 countries. DXC provides technology services and solutions supporting Bolero platform operations.
• ICC (International Chamber of Commerce)strategicStrategic or Co-development PartnerWorld business organization with 6 million+ members in 100+ countries promoting international trade. Bolero participates in ICC Digital Work Group and co-chairs ICC Fintech Adoption Stream.
• Intellect Design ArenastrategicTechnology or IntegrationGlobal leader in applying digital technology for banking and insurance with 25+ years domain expertise. Partnership enables banks to benefit from end-to-end integration of Intellect Trade application with Bolero.
• ITFAminorGTM or Marketing PartnerAssociation with ~300 members from banks and financial institutions engaged in trade-related risk. Bolero is a proud Fintech member of ITFA.
• R3coreTechnology or IntegrationEnterprise blockchain software firm with 300+ ecosystem participants developing applications on Corda platform. Partnership delivers eBL service on Corda, providing electronic Bill of Lading capabilities to R3's blockchain network.
• SurecompstrategicTechnology or IntegrationMarket leader in global trade finance solutions for banks and corporations with 30+ years experience. Global footprint of 8 offices serving customers in 80+ countries.
• TBK SystemsregionalChannel Partner/ Reseller/ DistributorSoftware and systems integrator headquartered in Tokyo. TBK is Bolero's sales, service and support partner in Japan providing local support for customers in the region.
• TraydstreamstrategicTechnology or IntegrationTrade document scrutiny using artificial intelligence automating document checking, clause matching, rules and compliance checking. Partnership provides automatic document checking service for corporate and bank customers.
• UBScoreStrategic or Co-development PartnerGlobal banking giant as first major customer for Galileo TPaaS for Banks, the industry's first white-labelled trade finance portal-as-a-service solution.
• WiseTech Global (Parent)coreOthersBolero acquired by WiseTech Global, developer of leading cloud-based logistics execution software CargoWise. Acquisition extends digital documentation offering and embeds Bolero eBL natively into CargoWise platform.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• CargoX: Blockchain-based electronic Bill of Lading platform targeting the same carriers, forwarders and BCOs; competes head-on with Bolero's Galileo eBL offering on digital title transfer.
• WaveBL: Electronic Bill of Lading and digital trade documentation provider serving shipping lines and BCOs; similar go-to-market through carriers and freight forwarders.
• essDOCS: Direct competitor in electronic Bills of Lading and trade document exchange, serving similar banks, carriers and BCOs with eBL and related digital trade documentation.
• Enigio (trace:origin / eTitle): Provides digital original documents (including electronic Bills of Lading) with a focus on title transfer; directly comparable to Bolero's eBL and title-registry functionality.
• edoxOnline: Specialised SaaS for electronic Bills of Lading and trade documentation used by carriers and BCOs; competes in the same niche digital trade documentation category.

Broad incumbents

• Surecomp: Established trade finance back-office software vendor for banks and corporates across 80+ countries; an incumbent platform that often integrates with or competes against Bolero's TPaaS for Banks.
• Intellect Design Arena: Global banking software vendor (Intellect Trade) with overlapping LC and trade finance functionality; partners with but also competes against Bolero for bank clients.
• Finastra: Large banking software suite including trade finance modules; competes with Bolero's TPaaS at large banks and could bundle trade finance functionality against stand-alone offerings.

Emerging players

• Komgo: Bank-led consortium (including major trade banks) for digitalising trade finance workflows including LCs; overlaps with Bolero's ePresentation and bank connectivity solutions.

Regional players

• China Systems: World's largest dedicated trade services solutions vendor serving 150+ banks in 75 countries; deeply embedded in EMEA/Asia bank back-offices and a direct channel competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Bolero_InterLtd
• LinkedInlinkedin.com/company/bolero

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds1 record

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 Bolero International