Blockchain powered Multi Enterprises Supply Chain Network #dltledgers secured $8.5 Million funding


#dltledgers, a Singapore-based provider of a blockchain-powered multi enterprises supply chain business network platform, has now recenlty $8.5 million in a Series B funding round.

#dltledgers is founded by Samir Neji and Farooq Sidiqqi. It provides a blockchain-based multi-enterprise supply chain business network, which helps corporates and banks to build a connected supply chain, run end-to-end contract compliance, and authenticate their commercial documents, logistics, subcontracts, claims, financing, reverse logistics, and bank transactions, enabling them to automate multi-party transactions, streamline processes and reduce cost.

The company also has a presence across India, Japan, Africa, SEA, MENA, and ANZ.

Executive Opinion

Farooq Sidiqqi, CEO of #dltledgers, said, "I am extremely bullish about our platform, I saw the global impact it could bring to supply chain finance and sustainability, and our new investment round strengthens our focus in solving real-life supply chain and financing issues. Technology has advanced so much that we felt the need to shift people's thinking about what those capabilities could be".

Sheroy Irani, Partner at Lead investor, said, "We are a North America focused fund which has invested in more than 50 + companies and were on the lookout for a scalable platform which can build large networks in the MESCBN space and with extended capability to play across the FINTECH space. Our research team found #dltledgers as a unique enterprise blockchain company in supply-chain which can execute to the size and complexity of these markets. Their track record and growth story is phenomenal and we want to be a big part of this. I am thrilled to join the board and lead the company into its next phase".

#dltledgers' Latest Funding

This strategic funding round now brings the #dltledgers valuation to well above $100 million.

The blockchain company, as of now, has plans to use the new funds to execute its plan for North America expansion while scaling its engineering teams and growth teams further. This even includes further platform innovation with Accenture, SAP, Microsoft, Corda, and several other partnerships.
PC: Pixabay

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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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