Hamburg-based SmartLoC secures €1.8 million to streamline international trade B2B payments
Summary
SmartLoC, a pioneering startup focused on developing a cutting-edge, fully digital B2B payment solution based on the monitoring of shipments and specifically tailored for international trade, announced the successful closure of its seed round, raising a total of €1.8 million. Britta Balden, CEO of SmartLoC, expressed her excitement about the successful completion of the seed round: “We are thrilled to have secured this significant investment, which will enable us to accelerate the development of our groundbreaking platform and scale the business. With the support of HTGF and our other seed investors, we are confident in our ability to drive positive change in the industry and deliver exceptional value to our customers.” Founded in 2021, SmartLoC’s innovative cloud platform aims to streamline and digitize the cumbersome process of B2B payments in international trade, providing businesses with a seamless, secure, and efficient solution to manage cross-border transactions. With a focus on leveraging advanced technologies, including IoT, blockchain and AI, SmartLoC is poised to revolutionize the way businesses conduct financial transactions globally following the paradigm of the Physical Internet. The team’s deep expertise in finance, technology, and international trade, combined with their innovative approach, positions SmartLoC as a leader in this rapidly evolving market.
Funding
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