Corechain Technologies, a digital B2B payments startup, has raised $4.2 million in a seed round led by Barclays Ventures, with participation from S&P Global Ventures and Scale VC.

The startup provides an integrated payments platform for businesses, connecting buyers and suppliers so that payments can be accepted, tracked and reconciled in real-time. Corechain Technologies says the platform simplifies the whole digital payment process and makes it easier for companies to manage their accounts payable and receivable.

How Corechain Technologies Will Use the Funding

The funds will be used to expand the platform’s infrastructure, strengthen the team and further develop its product. Corechain Technologies plans to use the new funds to:

  • Scale operations: Corechain Technologies plans to use the new funds to scale its operations, allowing it to offer more services to more customers.
  • Hire Talent: Corechain Technologies will use the new funds to hire more talented professionals for its engineering, sales and marketing teams.
  • Develop New Features: Corechain Technologies plans to use the new funds to develop new features, such as better analytics and enhanced security.

Conclusion

Corechain Technologies’ seed round of $4.2 million is the latest in a series of successful fundraisings for the startup. This funding will help Corechain Technologies to continue to develop its product and expand its operations, enabling more businesses to use its digital payments platform.