Flexport, the supply chain technology firm, has partnered with funds and accounts managed by BlackRock to provide up to $250m in supply chain financing, with a particular boost for customers relying on air freight.
The funding will be delivered through Flexport Capital, enabling shippers to access working capital for air cargo operations – from inventory and tariff financing to asset-based credit lines and term loans.
By embedding financial services directly within its logistics platform, Flexport said it can reduce reliance on traditional lenders and help keep goods moving more smoothly across global trade lanes.
Stuart Leung, Flexport’s chief financial officer said: “Global trade runs on cash flow, and too many great businesses fall behind simply because they can’t fund the gap between when they buy inventory and when they sell it.
“Together with BlackRock, Flexport Capital offers businesses more access to flexible capital to help them scale.”
For the air cargo market, where speed and reliability are critical but costs are high, the funding is expected to help shippers secure capacity, manage tariff shocks, and avoid disruptions caused by cash-flow constraints.
Since its launch in 2017, Flexport Capital has provided more than $2bn in financing, much of it to businesses dependent on international freight.
The new partnership with BlackRock will allow Flexport to expand the size and scope of its financial support, giving air cargo users greater flexibility to adapt to volatile markets and shifting demand.