BTrust, a Las Condes, Chile-based fintech company offering supply chain finance solutions for corporates and their suppliers, secured $1.5 million in seed funding.
Investors
The round was led by Invexor, with participation from three other angel investors.
Founded in 2015, Invexor Venture Partners is a venture capital investment firm based in Santiago, Chile. The firm invests in companies at every stage from seed to growth, across every sector, and provides them with the equity capital and strategic input necessary to scale up from an early-stage startup to a successful business.
BTrust Use of Funds
With the new funding, BTrust plans to expand operations and enhance its AI solution, which detects and alerts invoice fraud.
About BTrust
Founded in 2023, BTrust offers a real-time factoring auction platform enabling SMEs to sell invoices directly to end buyers. Operating as a SaaS company, BTrust provides Supply Chain Finance solutions, fostering a digital ecosystem for businesses to optimize cash flow and working capital through invoices while accessing competitive investment funds networks. The platform serves several hundred SMEs and facilitates transactions for 350 large companies.
Funding Details
Company: BTrust
Raised: $1.5M
Round: Seed Round
Funding Month: May 2024
Lead Investors: Invexor
Additional Investors:
Company Website: https://btrust-finance.com/
Software Category: Financial
Source: https://fintech.global/2024/05/20/chilean-fintech-btrust-secures-1-5m-in-seed-funding-led-by-invexor/