Digital B2B Payments Startup CoreChain Technologies Raises $4.2m in Seed Round

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Blockchain-based integer B2B payments startup CoreChain Technologies has announced a $4.2 cardinal effect circular led by Ulu Ventures.

Other investors see Connecticut Innovations, Bloccelerate VC and New Form Capital, Motivate Venture Capital, SaaS Venture Capital, Next Coast Ventures, and different investors.

CoreChain Technologies, founded successful September 2020, is simply a business-to-business payments web built connected blockchain technology.

To date, implicit $1 cardinal successful B2B payments person been processed for businesses.

The CoreChain Network enables elemental and unafraid integer B2B payments for immoderate buyer/supplier network, offering a wide prime of integer payments solutions – ACH, eChecks, Virtual Card, arsenic good arsenic Digital Assets specified arsenic Stablecoins.

Steve Reale, CFO and Partner from Ulu Ventures-A seed-stage task steadfast focused chiefly connected enterprise IT said that:

“Blockchain and distributed ledger exertion has rewritten the B2B payments and financing script, ushering successful caller ways of doing business. CoreChain is connecting businesses with the modern fiscal mechanisms that are faster and much unafraid than what’s being utilized successful today’s linear environments.”

According to Juniper Research, blockchain-enabled B2B cross-border payments volition beryllium totalling successful worth of much than $4.4 trillion by 2024.

CoreChain Technologies has raised a full of $5.5M successful backing implicit 2 rounds. Their latest backing was raised connected Apr 281 from a Seed round.

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