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Corechain Raises $1.25M To Revolutionize B2B Payments For The Enterprise With Blockchain Technology

Aug 04, 2021•almost 4 years ago

Amount Raised

$1.25 Million

Round Type

seed

New Haven

Description

CoreChain Technologies, the digital B2B payments network built on blockchain, today announced it has raised $1.25 million in pre-seed funding from investors that include Ulu Ventures, Connecticut Innovations, Bloccelerate VC and New Form Capital. The funding will be used to accelerate enterprise customer adoption and aggressively expand its payments and financing network.

Company Information

Company

Core Chain

Location

New Haven, Kentucky, United States

About

Launched in September 2020 and led by proven FinTech and blockchain entrepreneurs, CoreChain is the first digital B2B payments network built on blockchain, and is building a network of networks, which enables businesses to pay other businesses securely, quickly, and efficiently compared to legacy methods, while unlocking lending opportunities for suppliers to finance working capital tied up in approved, but unpaid invoices. CoreChain uses enterprise blockchain technology to automate the exchange of transaction data and funds within a secure environment, using a trust network-of-networks, empowering B2B Marketplaces and B2B Software Platforms with $5 to $50 billion per year in existing commerce volume to offer payments and financing services to their buyers and suppliers via our API-centric, white-label platform. For more information, visit: www.corechain.tech