The company intends to use the funds to accelerate all areas of the business from product development to sales and marketing and continue to grow its payments volume.Led by CEO Chris Aguas, 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 its API-centric, white-label platform.The company supports a broad choice of digital payments solutions, including ACH, eChecks, Virtual Cards, and digital assets such as stablecoins. Since its launch in September 2020, CoreChain has processed over $1 billion in B2B payments for enterprise buyers, including channel customer transactions. In October 2021, the company announced a partnership with Scanco Software, the leader in warehouse, manufacturing and supply-chain management solutions for Sage, to co-develop an integration of the CoreChain payments network with Scanco’s software products.To date, CoreChain has raised $5.5m in total funding, including $1.25m in pre-seed funding announced in August 2021.
28/04/2022
