CoreChain provides a white-label, API-centric blockchain payments network that lets ERPs, B2B software platforms, banks, and payment networks offer digital B2B payments and financing to enterprise customers. The platform supports ACH, eChecks, Virtual Cards and digital assets such as stablecoins, and automates transaction data and fund exchange via enterprise DLT. CoreChain also unlocks lending opportunities to finance working capital tied up in approved but unpaid invoices. Since launching in September 2020, the company has processed over $1 billion in B2B payments for enterprise buyers, including channel transactions. It has a partnership with Scanco Software to integrate CoreChain into warehouse, manufacturing and supply-chain management solutions. Management intends to use the new funding to accelerate product development, sales and marketing and continue growing payments volume. CoreChain is a digital B2B payments network built on enterprise blockchain that automates exchanges of transaction data and funds for enterprise buyers and suppliers. The company offers an API-centric, white-label platform that allows ERP and business process automation providers, banks, and payment networks to offer blockchain-based B2B payments. Its platform reduces manual reconciliation, mitigates fraud risk, and natively supports settlement via digital assets and exchanges with cryptographic networks such as Ethereum. Launched in September 2020, CoreChain has processed over $300 million in B2B payments for enterprise buyers, including transactions for channel partners like PaymentWorks. The company is integrating a trade finance "instant pay" solution to allow suppliers to accelerate invoice payments and unlock lending opportunities for working capital tied up in unpaid invoices aging 30–120 days. CoreChain raised $1.25 million in pre-seed funding to accelerate enterprise customer adoption and expand its payments and financing network.

Total raised

$5M

Funding rounds

2

Latest round

Seed

Latest activity

Apr 2022