According to Odaily, SmartLoC, a B2B payment solution leveraging blockchain and AI technologies, has announced the completion of a 180 million Euro funding round. The funding round was led by High-Tech Gründerfonds (HTGF), with participation from Loggerhead Ventures, MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein mbH, and several angel investors.
SmartLoC is dedicated to optimizing the way businesses conduct financial transactions globally using technologies such as the Internet of Things (IoT), blockchain, and artificial intelligence. The newly raised funds will be used to accelerate its market entry strategy. The company's innovative approach to B2B payments could potentially revolutionize the way businesses handle their financial transactions, offering a more efficient and secure method of payment.
The investment in SmartLoC signifies a growing interest in the integration of advanced technologies like blockchain and AI in the financial sector. This funding round will provide SmartLoC with the necessary resources to further develop its technology and expand its operations, potentially leading to a significant impact on the global B2B payment landscape.