| Company Description |
SmartLoC makes international trade, their supply chains and the related payments smart.
SmartLoC stands for Smart Letter of Credit (L/C). We improve the outdated, bank-based Letter of Credit process with a digital, innovative one based on the analysis of IoT tracking data, thereby creating trust in international trade relations between exporters and Importers – for Exporters we reduce the credit risk of not being paid in full or on time and for Importers we reduce the procurement risk for not receiving the goods ordered in the quantity and quality as agreed.
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