Trust Chain Global Secures Seed Round Funding with N49P


TORONTO–(BUSINESS WIRE)–Trust Chain Global, a next-generation end-to-end transaction platform for large-scale commodities, has secured its funding round with a Toronto-based venture capital firm N49P. Participating in the tour is also entrepreneur first, a UK-based international entrepreneur growth acceleration program. This equity financing will enable Trust Chain Global to strengthen its engineering team, business development efforts and marketing activities in countries around the world.

“Trust Chain is enhancing a massive industry, commodity brokerage, by providing them with tools that improve their current workflow while reducing risk and inefficiencies. Many transactions are negotiated through informal channels and a large percentage fail due to lack of transparency and verifiable information. Trust Chain provides its customers with tools that validate information and dramatically increase the chances of closing a deal. We are excited to support founders who understand the market and already have a strong customer base,” said Alex Norman, Partner at N49P.

Complex large-scale transactions, especially in commodities and government supply chains, present a unique opportunity to improve current processes and mitigate risk by creating innovative digital solutions. For example, one of the industries with rampant fraud but also huge opportunity is personal protective equipment (PPE). Ensuring that PPE products (Cranberry Gloves, 3M Masks, Cardinal, etc.) are authentic is not a simple task. It is extremely difficult to trace the actual products of manufacturers around the world through transfers to different parties such as distributors, resellers and brokers. As a result, many buyers and sellers question the authenticity of the product and lack confidence in the ability of other parties to transact successfully.

“The name ‘Trust Chain’ reflects the core purpose of the business – to use technology to provide trust to legitimate actors on the ground. ‘Global’ as we aim to support the full transaction lifecycle at the scale,” said Giancarlo De Lio, managing partner/co-founder of Trust Chain Global.

Trust Chain Global provides a single, seamless experience for global transactions and payments throughout the transaction lifecycle. Rather than a combination of manual processes, fragmented technology and non-standard communications, with Trust Chain Global, trading parties can manage their documentation, use platform financial services like escrow and payer, as well as as platform digital solutions such as identity and product verification while remaining secure and compliant using the platform’s ancillary features.

“It’s quite rare that you come across a big market that affects everyone’s life but is in real trouble, which no one has yet addressed. Adding that the solution involves digital transparency and fintech services , makes it even more exciting. For me, 2022 is an opportunity to make a huge impact in a space that hasn’t really changed in 20 years,” said Katrin Shechtman, Managing Partner/Co-Founder of Trust Chain Global.

The platform uses both traditional and blockchain technologies to automatically verify and execute contracts, as well as escrow and payer services, creating a fully automated process for securely transacting with buyers, sellers and verified intermediaries. Trust Chain Global is a trusted and neutral third party that brings together all supply chain participants with transparency, efficiency and data reliability.

About Trust Chain Global: Trust Chain is a workflow management solution and fintech platform that enables parties in the global commodities community to transact faster and more securely, seamlessly and compliant. With built-in continuous identity verification, digital escrow and payments, and intelligent transaction management, all parties transact quickly and confidently, allowing goods to reach their destination. faster. Founded in 2021 by serial entrepreneurs and technologists, Trust Chain Global is dedicated to bringing trust, assurance and transparency to the buying and selling of commodities through technology.

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