SwiftCourt, a digital sales contract platform, has raised €2 million in a seed funding round led by XVC Tech. This investment will aid SwiftCourt in leveraging the XDC Blockchain Network to enhance the security and efficiency of its peer-to-peer transaction services.
SwiftCourt, known for its AI-driven digital contracts and e-signing services, aims to make second-hand trade safer and more reliable. The startup is already serving 1.4 million customers in the Nordic region, and intends to expand into Asian markets with this new funding. Targeting growing economies like India, Bangladesh, and Sri Lanka.
“We are thrilled to support Swiftcourt in its mission to revolutionize peer-to-peer transactions, and incorporating blockchain for documentation aligns perfectly with our investment vision of utilizing blockchain technology to ensure transparency and security. This infusion of capital will enable Swiftcourt to offer its solutions in new markets such as Asia while the access to XDC blockchain will bolster its tech stack and introduce cutting-edge smart contract technology.”says Johan Lundberg of XVC Tech
The company, known for its PSD2-compliant payment service and bank-grade KYC practices, plans to utilize XDC’s blockchain for automating contract fulfillment.
“Recent market changes have pinpointed clear market gaps in terms of fintech capabilities aimed at circular economies, and those fit perfectly with Swiftcourt’s vision. This new infusion of capital means that we can take on these challenges, but in turn brings some major changes and a highly ambitious roadmap that will require our full attention. This split of responsibilities allows for that and will hopefully enable us to share some more exciting news, very, very soon.”says Sofia Malmberg, Co-CEO