Bolero International
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.
- Company typePrivate
- Founded1998
- HeadquartersHersham, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
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.
Bolero International firmographics
Firmographics- 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
Bolero International industry classification
Industry- 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
Where Bolero International is headquartered
LocationHeadquarters
- HQ city
- Hersham
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Bolero International business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- 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.
- Transaction-based Fees: Per-transaction fees for processing electronic bills of lading, document presentations, and trade finance instrument executions through the platform.
- 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.
- Integration and Professional Services: Implementation, integration, and consulting services supporting customer onboarding and platform customization.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise SaaS platform pricing tailored to bank, corporate, and carrier client needs |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels7 records
Bolero International product offering
Product offeringCore 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
Companies that use Bolero International
Customer profileNamed customers20 records
Segments4 records
Ideal customer profiles3 records
Bolero International technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
AI capability3 records
Feature7 records
Bolero International partnerships and signals
Strategic signalPartnerships
22 partnerships are on record, tiered core, strategic, minor and regional.
- CHIMEI CorporationcoreTaiwan-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.
- HMMcoreSouth 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)strategicCollaboration with TradeLens blockchain-based global shipping platform to accelerate electronic bill of lading adoption across global shipping industry.
- VirtusastrategicGlobal 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.
- IncomlendstrategicGlobal invoice marketplace expanding Bolero's trade finance ecosystem through joint project enabling alternative financing access.
- CommChainstrategicPartnership to provide electronic bill of lading as-a-service to R3 Corda based trade platforms in Latin America.
- EnvoystrategicPartnership to provide electronic bill of lading as-a-service to R3 Corda based trade platforms in Australia.
- MitigramstrategicPartnership 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.
- 360tfcore360tf 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)coreAWS 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 GlobalstrategicAustralian 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 SystemsstrategicWorld'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 TechnologystrategicWorld'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)strategicWorld 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 ArenastrategicGlobal 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.
- ITFAminorAssociation with ~300 members from banks and financial institutions engaged in trade-related risk. Bolero is a proud Fintech member of ITFA.
- R3coreEnterprise 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.
- SurecompstrategicMarket 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 SystemsregionalSoftware 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.
- TraydstreamstrategicTrade 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.
- UBScoreGlobal 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)coreBolero 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
Bolero International competitors and assessment
Company assessmentDirect 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
Bolero International social profiles
Digital presenceBolero International compliance and trust
Trust signalCompliance1 record
Bolero International financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bolero International leadership team
Management profileNumber of profiles
Profiles11 records
Bolero International funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bolero International 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 Bolero International
What does Bolero International do?
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.
Is Bolero International a public or private company?
Bolero International is a private company. It is classified as corporate owned and is currently operating.
When was Bolero International founded?
Bolero International was founded in 1998. It employs 51 to 100 people.
Where is Bolero International based?
Bolero International is headquartered in Hersham, United Kingdom, in the Europe region.
How does Bolero International make money?
Four revenue lines are on record. SaaS Subscription - Platform Fees are the primary driver. The others are transaction-based Fees, white-label TPaaS Licensing and integration and Professional Services.
Who are Bolero International's main competitors?
Direct peers on record are CargoX, WaveBL, essDOCS, Enigio (trace:origin / eTitle) and edoxOnline. Broad incumbents are Surecomp, Intellect Design Arena and Finastra. Komgo is listed as an emerging player. China Systems is listed as a regional player.
Does Bolero International have an API?
No public API is recorded for Bolero International.
What industry is Bolero International in?
Bolero International's product category is Digital Trade Finance Platform. Its primary akta.pro industry code is FSAGAJAC, Invoicing, Billing & Accounts Receivable Automation, with a secondary code of FSAMAIAL, Trade & Invoice Payments (Cross-Border B2B). Its NAICS code is 522320.