SmartLoC Revolutionizes B2B Payments in International Trade with €1.8M Seed Funding
July 2, 2024, 9:46 pm
In a bold move to transform the landscape of B2B payments in international trade, Hamburg-based startup SmartLoC has secured a substantial €1.8M in seed funding. This injection of capital, led by High-Tech Gründerfonds (HTGF) and supported by Loggerhead Ventures, the MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein mbH, and several business angels, marks a significant milestone for the innovative company.
SmartLoC, founded in 2021 by a dynamic trio comprising Britta Balden, Thomas Kuhlke, and Alessandro Vaglini, is on a mission to streamline and digitize the often cumbersome process of B2B payments in the realm of international trade. The startup's cloud platform, infused with cutting-edge technologies such as IoT, blockchain, and AI, is designed to provide businesses with a secure, efficient, and modern solution for managing cross-border transactions.
CEO Britta Balden expressed her excitement at the recent funding round, emphasizing that it will enable SmartLoC to accelerate the development of its groundbreaking platform and scale its operations. With a strong commitment to empowering businesses with a payment solution that addresses the complexities of international trade, SmartLoC is poised to drive positive change in the industry and deliver exceptional value to its customers.
The support of HTGF and other seed investors underscores the confidence in SmartLoC's ability to lead the charge in redefining B2B payments for international trade. The company's innovative approach, coupled with its team's deep expertise in finance, technology, and international trade, positions SmartLoC as a frontrunner in the rapidly evolving market.
High-Tech Gründerfonds (HTGF), known for financing tech startups with growth potential, has been a key player in supporting over 750 startups since 2005. With its fourth fund managing around €1.4B, HTGF's experienced investment managers and startup experts focus on high-tech startups in various sectors, including digital tech, industrial tech, life sciences, and chemistry.
As SmartLoC gears up to advance its platform development, expand its team, and accelerate its go-to-market strategy, the stage is set for the startup to revolutionize B2B payments in international trade. With a vision to drive innovation and efficiency in global financial transactions, SmartLoC is poised to make a lasting impact on the industry and empower businesses worldwide with a secure and modern payment solution.
SmartLoC, founded in 2021 by a dynamic trio comprising Britta Balden, Thomas Kuhlke, and Alessandro Vaglini, is on a mission to streamline and digitize the often cumbersome process of B2B payments in the realm of international trade. The startup's cloud platform, infused with cutting-edge technologies such as IoT, blockchain, and AI, is designed to provide businesses with a secure, efficient, and modern solution for managing cross-border transactions.
CEO Britta Balden expressed her excitement at the recent funding round, emphasizing that it will enable SmartLoC to accelerate the development of its groundbreaking platform and scale its operations. With a strong commitment to empowering businesses with a payment solution that addresses the complexities of international trade, SmartLoC is poised to drive positive change in the industry and deliver exceptional value to its customers.
The support of HTGF and other seed investors underscores the confidence in SmartLoC's ability to lead the charge in redefining B2B payments for international trade. The company's innovative approach, coupled with its team's deep expertise in finance, technology, and international trade, positions SmartLoC as a frontrunner in the rapidly evolving market.
High-Tech Gründerfonds (HTGF), known for financing tech startups with growth potential, has been a key player in supporting over 750 startups since 2005. With its fourth fund managing around €1.4B, HTGF's experienced investment managers and startup experts focus on high-tech startups in various sectors, including digital tech, industrial tech, life sciences, and chemistry.
As SmartLoC gears up to advance its platform development, expand its team, and accelerate its go-to-market strategy, the stage is set for the startup to revolutionize B2B payments in international trade. With a vision to drive innovation and efficiency in global financial transactions, SmartLoC is poised to make a lasting impact on the industry and empower businesses worldwide with a secure and modern payment solution.