SmartLoC, a pioneering startup focused on developing a cutting-edge, fully digital B2B payment solution, has secured €1.8m in seed funding.
The round was led by High-Tech Gründerfonds (HTGF), with additional investments from Loggerhead Ventures, MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein mbH, and several business angels.
SmartLoC’s innovative cloud platform aims to streamline and digitise the cumbersome process of B2B payments in international trade. By leveraging advanced technologies such as IoT, blockchain, and AI, the company seeks to provide businesses with a seamless, secure, and efficient solution for managing cross-border transactions.
The newly raised funds will be used to accelerate the development of SmartLoC’s groundbreaking platform and scale the business. The company is committed to empowering businesses with a modern and efficient payment solution that addresses the complexities of international trade.
Britta Balden, CEO of SmartLoC, said, “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. In SmartLoC, we are committed to empowering businesses with a modern, fubefficient, and secure payment solution that addresses the complexities of international trade. 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.”
Martin Möllmann, senior investment manager at HTGF, commented, “We are excited to partner with SmartLoC on their journey to redefine B2B payments for international trade. 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. We believe that SmartLoC has tremendous potential to disrupt the status quo and deliver significant value to businesses worldwide. We look forward to supporting them as they continue to innovate and grow.”
The completion of the seed round positions SmartLoC well to advance its platform development, expand its team, and accelerate its go-to-market strategy. The company remains focused on its mission to empower businesses with a modern and efficient payment solution that enables seamless transactions across borders.
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