SmartLoC, a Hamburg, Germany-based startup focused on developing a digital B2B payment solution, raised €1.8M in Seed funding.
The round was led by High-Tech Gründerfonds (HTGF). Other investors included Loggerhead -Ventures, the MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein mbH and several business angels.
The company intends to use the funds to advance its platform development, expand its team, and accelerate its go-to-market strategy.
Led by CEO Britta Balden, SmartLoC provides a cloud platform that aims to streamline and digitize the process of B2B payments in international trade, providing businesses with a secure, and efficient solution to manage cross-border transactions. Leveraging advanced technologies such as IoT, blockchain and AI, the system aims to streamline and digitize the process of cross-border transactions, empowering businesses with a payment platform.
FinSMEs
27/06/2024