Cleargo launched an AI trade compliance platform built for food importers and exporters.
The platform puts the importer and exporter in one shared, end-to-end encrypted workspace for each shipment, where AI checks every document against every other while the goods are still at origin.
"I spent more than 12 years importing food into the U.S., and the most expensive mistakes I made were never on a single document," says Fares Horchani, founder and CEO of Cleargo. "A wrong HTS code on date sugar cost us about $150,000. One missing zero on a bill of lading, 20,000 kg written as 2,000 kg, cost $2,000 in demurrage. Every document looked right on its own. The error lived in the gap between them, and nobody looked until the container reached the port. Cleargo moves that check to the moment the documents are created."
Key takeaways:
· This platform is said to be the first layer of a platform that will add one-click customs clearance and cross-border trade financing, both built on the same verified shipment data.
· The platform includes a shared shipment workspace, cross-document validation, HTS classification and duty estimates for imports, live container tracking for every shipment, security by design, one-click customs clearance, and cross-border trade financing.
· Cleargo Finance will combine verified shipment data with an importer's financial health to unlock capital for individual shipments or ongoing working capital.
