CoreChain provides an embedded Fintech platform for B2B payments and supply chain finance, enabling partners to offer digital payment solutions to enterprise clients. The solution simplifies vendor payables, reduces fraud risk, and eliminates reliance on paper checks for high-volume transactions. Partners can integrate the platform with existing ERP systems to drive new revenue streams and offer working capital solutions to their suppliers.
Funding
$6.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses still rely on paper checks for B2B payments, which is inefficient, costly, and prone to fraud. Existing payment processes often lack transparency and can strain relationships between businesses and their suppliers due to delayed payments and reconciliation issues. Access to working capital can also be limited for both buyers and suppliers in traditional payment ecosystems.
Solution
CoreChain Technologies provides a blockchain-based B2B payments network that streamlines and secures transactions between businesses and their suppliers. The CoreChain Pay platform digitizes the payment process, reducing fraud risk and operational costs associated with paper checks. The platform integrates with existing ERP systems, offering an easy-to-use solution for simplifying vendor payables and improving cash flow management. CoreChain also facilitates access to working capital solutions, providing lines of credit for customers and enabling suppliers to accelerate invoice payments.
Target Audience
The primary target audience includes businesses of all sizes looking to streamline their B2B payment processes, reduce fraud risk, and improve relationships with their suppliers, as well as financial institutions and ERP providers seeking to offer integrated payment solutions to their clients.
Features
- Blockchain-based network for secure and transparent B2B payments
- Digital payment processing to eliminate paper checks and reduce fraud
- Integration with ERP systems for streamlined vendor payables
- Automated reconciliation process for faster and easier reconciliation
- Working capital solutions, including lines of credit for customers and invoice acceleration for suppliers
- Rebate program for digital payments to drive additional cash flow
- SOC-2 compliance for data security and privacy