SmartLoC Raises €1.8M in Seed Funding for Digital B2B Payment Solution

Hamburg-based startup SmartLoC has secured €1.8m in Seed funding to develop its digital B2B payment solution. The round was led by High-Tech Gründerfonds and included Loggerhead-Ventures, MBG Mittelständische Beteiligungsgesellschaft Schleswig-Holstein mbH and several business angels. The funds will be used to advance platform development, expand the team and accelerate the go-to-market strategy. SmartLoC's cloud platform aims to streamline and digitise cross-border B2B payments, using IoT, blockchain and AI to provide businesses with a secure and efficient solution.

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