CoreChain, a digital B2B payments network and fintech built on blockchain, has received $4.2 million in seed funding. Ulu Ventures led CoreChain’s funding round, with contributions from current investors Connecticut Innovations, Bloccelerate VC, and New Form Capital, as well as new investors Motivate Venture Capital, SaaS Venture Capital, Next Coast Ventures, and Angeles Investors. CoreChain has raised a total of $5.5 million to date, including $1.25 million in pre-seed funding disclosed in August 2021. CoreChain has processed over $1 billion in B2B payments for enterprise clients as well as channel customer transactions since its introduction in September 2020. The CoreChain Network facilitates simple and secure digital B2B payments between buyers and their suppliers, leveraging enterprise Blockchain Distributed Ledger Technology (DLT) to help organizations function more efficiently. CoreChain simplifies business procedures and helps firms raise profitability through automation and enhanced security by migrating companies away from inefficient traditional “paper check” based solutions to a contemporary digital payments tech stack.
CoreChain Finalizes $4.2M Seed Round, Exceeds $1B In B2B Payments Volume – Crowdfund Insider