Seafax Inc., founded in 1985 and headquartered in Portland, Maine, is a premier provider of business credit reporting and receivables management services for the food industry and related sectors across North America. With decades of experience in financial risk assessment and trade data intelligence, Seafax has become an essential resource for suppliers, distributors, and manufacturers looking to mitigate credit risk, collect outstanding receivables, and grow their customer base through verified insights.
Core Business and Offerings
Seafax delivers a comprehensive suite of financial data solutions tailored to the unique needs of the perishable commodities industry. Its core services include:
- Business Credit Reports: Detailed profiles on over 1.5 million companies, including payment trends, financial indicators, and trade history.
- Monitoring Services: Real-time alerts and account monitoring tools to track changes in customer risk profiles.
- Receivables Management: Collection services and strategic account recovery programs.
- Credit Consulting: Customized credit policy planning and portfolio risk assessments.
- Marketing and Prospecting Tools: Access to verified leads and buyer information to support sales efforts.
- Custom Data Solutions: Integration of Seafax data into internal ERP or CRM systems.
These tools empower food industry professionals to make confident, data-driven decisions regarding extending credit, managing collections, and identifying new opportunities.
Specialization and Unique Selling Propositions (USP)
- Food Industry Focus: Seafax is one of the only credit bureaus in North America exclusively focused on food, seafood, beverage, and agribusiness sectors.
- Proprietary Trade Payment Database: Collecting direct trade data from suppliers, giving unmatched visibility into payment behaviors across the supply chain.
- Real-Time Decision Tools: Instant access to up-to-date credit reports and alerts via their online portal and mobile platforms.
- Strong Recovery Rates: Highly experienced in collections within perishable goods markets where timing and relationships are critical.
Financial Strength and Market Presence
Seafax Inc. is privately held and does not publicly report financial statements. However, industry positioning suggests:
- Over 4,000 active client companies in the U.S., Canada, and Mexico.
- Services trusted by top 50 U.S. food distributors, seafood processors, and retail supply chains.
- Coverage of 1.5 million+ business entities with active payment data from over 70,000 contributing suppliers.
Its reach spans wholesalers, foodservice operators, manufacturers, logistics providers, and financial institutions serving the food industry.
Shipment and Trade Intelligence
While not a logistics provider, Seafax offers shipment and trade-related insights that help suppliers analyze:
- Invoice payment behavior by SKU, sector, or geography
- Regional buyer credit exposure using dynamic risk scores
- Creditworthiness of importers and exporters in real-time, enabling better trade terms
Through strategic partnerships with logistics and trade analytics platforms, Seafax enhances risk profiles with operational visibility.
Target Market
Seafax serves a diverse customer base within the food supply chain:
- Seafood and Meat Processors
- Wholesale Food Distributors
- Produce and Dairy Suppliers
- Beverage Manufacturers
- Food Brokers and Importers
- Financial Institutions with Food Industry Portfolios
These clients rely on Seafax to evaluate buyer creditworthiness, reduce DSO (days sales outstanding), and protect margins in volatile markets.
Capabilities
- Web-Based Portal Access to credit and collections data 24/7
- Customized Dashboard Reporting for portfolio monitoring
- Skip-Tracing and Legal Recovery partnerships for delinquent accounts
- Integrated Data Feeds into accounting and ERP platforms
- Trade Reference Network built on decades of proprietary relationships
Seafax’s infrastructure supports real-time updates and data security across all customer touchpoints.
Certifications and Compliance
- Adherence to FDCPA (Fair Debt Collection Practices Act)
- GLBA (Gramm-Leach-Bliley Act) Compliant
- SOC 2 Certified Data Systems
- Maintains compliance with U.S. privacy and data security regulations
These standards ensure client data confidentiality and regulatory trustworthiness.
Customer Testimonials
“Seafax gives us an edge. Their industry-specific data is far more useful than generic credit bureaus. We depend on their insights before onboarding new clients.”
— Credit Manager, National Seafood Distributor
“The collections team is outstanding. They understand the dynamics of food and perishables — we've had better recoveries with them than any other firm.”
— CFO, Midwest Meat Processor
Major Achievements
- Over 1.5 million credit reports issued annually across North America
- Recognized as a trusted data provider by the National Fisheries Institute
- Developed the first seafood-specific credit scoring system used by wholesalers and brokers
- Launched mobile platform for credit alerts and on-the-go decisions in 2022
- Maintains over 30 years of continuous payment trend data — one of the longest-running databases in the food credit industry
Seafax Inc. remains a critical partner for financial risk management and customer intelligence in the food and agribusiness industries, combining specialized data with actionable tools to drive smarter, safer commerce.