London – 26.03.24 iCustoms.AI has raised $2.2 million in a seed round to support its AI-powered trade compliance solutions. This funding will propel the company towards groundbreaking innovations to automate and optimise customs and trade procedures.
Simplified Trading with AI
The customs clearance procedure can be extremely complicated. Outdated software, piles of manual paperwork, and heavy reliance on manpower only add to the difficulty. Everyone engaged, including traders and agents, is overwhelmed with tedious documentation and tight deadlines.
Enhancing customs clearance speed, accuracy, and cost is the goal of iCustoms. We use artificial intelligence to automate and expedite customs procedures, resulting in 50% time and cost savings.
“Our goal at iCustoms is to make trading simple for all of us,” iCustoms AI CEO Adnan Zaheer stated.
“Our AI platform eliminates tedious manual tasks, streamlines customs processes, and ensures complete compliance. This funding allows us to expand our tech team, develop new offerings, and significantly impact the trade compliance industry.”
Experienced Leadership and Proven Success
With AI reshaping industries worldwide, the iCustoms platform, led by former HMRC custom technology leaders, is pioneering innovation.
Investor Confidence in a Promising Future
Fuel Ventures, a leading venture capital firm, along with PlugnPlay, Outrun Ventures, Montblu Capital, SyndicateRoom and leading angels, are backing iCustoms’ fast growth.
Developing Trade Compliance for the Future
iCustoms intends to use this funding round to improve and hone its technology and position itself as the leading provider of seamless trade compliance.
As iCustoms develops and pushes limits, it aspires to change the industrial environment by providing a strong and vital solution for companies all over the world.
Contact:
Freya Jane
