Wholesail

Payment platform for food industry vendors

San Francisco, California, United States

About Wholesail

Wholesail is a payment platform that simplifies the invoicing and payment processes for vendors in the food and beverage industry, including distributors of beer, wine, and spirits, as well as service contractors. The platform allows vendors to create clear and organized invoices, making it easier for their customers to view and pay for goods and services. This enhances the efficiency of financial transactions and improves cash flow for vendors. Wholesail operates on a subscription-based model, where vendors pay a fee to access a suite of tools designed to optimize their payment processes, and may also incur transaction fees for certain payment methods. What sets Wholesail apart from its competitors is its focus on the specific needs of the food and beverage sector, providing a user-friendly solution that reduces administrative burdens for vendors, allowing them to concentrate on their core business activities.

San Francisco, CaliforniaHeadquarters
2018Year Founded
$22MTotal Funding
LATE_VCCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Risks

Increased competition from fintech startups may erode Wholesail's market share.
Integrated financial platforms could reduce demand for standalone solutions like Wholesail.
Data security concerns from recent breaches may affect customer trust in Wholesail.

Differentiation

Wholesail focuses on the food and beverage industry's specific invoicing needs.
The platform offers a subscription model with additional transaction fee revenue streams.
Wholesail provides a user-friendly interface for efficient invoice management and payment processing.

Upsides

AI-driven analytics can enhance vendors' payment insights and cash flow forecasting.
The rise of digital wallets offers Wholesail opportunities to expand payment methods.
Real-time payment processing can improve vendor cash flow and attract more users.

Funding

Total raised$21.98 M
Latest valuation$113.00 M
StageLATE_VC
LATE VC
12/31/2021
$23
$113.00 M