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Barclays Leads $5.5 Million Funding Round for Blockchain-Based Invoice Exchange

United Kingdom-based international bank Barclays and technology investment firm Bold Capital Partners have led a $5.5 million funding round for fintech firm Crowdz's blockchain-based global invoice exchange, according to a press release on May 28.

According to the report, the blockchain-based technology will purportedly make invoice processing more efficient by digitizing and automatizing what are traditionally manual processes. The technology also automates the process of finding financiers and sending them invoices.

CEO of Crowdz, Payson E. Johnston, emphasizes the importance that this speedier invoice processing has for small and midsize enterprises (SMEs):

Read More at CoinTelegraph


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