# Wholesail

> Wholesail is a San Francisco fintech building the accounts receivable platform for the food and beverage supply chain. It helps food and beverage distributors onboard customers, automate collections, manage credit risk, and accept ACH and card payments so they get paid faster while keeping customer relationships intact. Founded by ex-OpenTable product and engineering leaders, the company targets the largely paper-driven, trillion-dollar US food distribution market.

- **Founded:** 2018
- **Headquarters:** San Francisco, United States
- **Founders:** Eli Chait (Co-Founder & CEO), Christopher Pennello (Co-Founder), Corey Reese (Co-Founder)
- **Team size:** ~49 employees
- **Products:** Accounts Receivable Platform, Autopay, Lighthouse / Credit Decisioning, Customer Payment Portal, Sales & Risk Monitoring
- **Notable:** Raised $22.6M Series A in January 2022 from 8VC, Foundry, Fin Capital, Thomvest and Ulu Ventures., Connected 400+ distributors to 100,000+ end customers., Accelerated payments by ~8 days on average; 82% of payments made via ACH.

## Products & services

- **Accounts Receivable Platform** — An all-in-one AR platform for food and beverage vendors to manage credit risk, automate collections, and accept ACH to get paid faster.
- **Autopay** — Automated payments that run on delivery, weekly, monthly, or when invoices are due, keeping customers within payment terms; over 55% of customers use it.
- **Lighthouse / Credit Decisioning** — Cross-vendor credit insight engine that powers real-time credit decisions, cut-off and collections actions, and Risk of Default Scores for each customer.
- **Customer Payment Portal** — A self-service portal where buyers view and pay invoices via ACH or card; around 78% of customers use it.
- **Sales & Risk Monitoring** — Real-time dashboards letting sales reps see past-due accounts, send reminders, and accept payments anywhere.
- **Accounts Payable for Buyers** — Tools that automate the accounts payable process so buyers save time and money paying vendors.

## Achievements

- Raised $22.6M Series A in January 2022 from 8VC, Foundry, Fin Capital, Thomvest and Ulu Ventures.
- Connected 400+ distributors to 100,000+ end customers.
- Accelerated payments by ~8 days on average; 82% of payments made via ACH.
- More than 55% of customers actively use autopay.
- Helped one distributor collect $163K in past-due sales within the first 30 days.

## Latest updates

- **2022-01** — Closed $22.6M Series A led by institutional investors including 8VC, Foundry and Fin Capital.
- **2024-01** — Partnered with CAI Software to enhance AR automation and credit management for food and beverage manufacturers.
- **2024-06** — Partnered with NECS to streamline accounts receivable for food distributors using the entree ERP.

## Links

- Website: https://paywholesail.com
- LinkedIn: https://www.linkedin.com/company/paywholesail
- Facebook: https://facebook.com/PayWholesail

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Profile page: https://yespress.io/wholesail
Published by YesPress — https://yespress.io
Last updated: 2026-06-27