Published on November 20th, 2015 | by bitcoin0
Align Commerce Generates $12.5M toward Launch of Blockchain-based International B2B Payment Network
Now Align Commerce announced that it has raised a $12.5 million Series A round led by Kleiner Perkins Caufield & Byers (KPCB), The Wall Street Journal reports .
Align estimates that small businesses currently pay $50 billion in wire and exchange fees.
“And of those blockchain companies, we invested in Align, because we believe it’s a market that’s underserved, with a CEO who understood it well and early traction from customers who reinforced that value.” The Align Commerce platform is targeted at mainstream business-to-business (B2B) payments.
Transparency is another important benefit of the Align Commerce platform, which permits real-time tracking of all operations.
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