SmartLoC Company Research Report

Company Overview

• Name: SmartLoC - Smart Letter of Credit

• Mission of the Company: SmartLoC’s mission is to help international trading partners transform their businesses to the vision of the Physical Internet by offering end-to-end digital solutions from order to cash.

• Founded: 2021

• Founders: Britta Balden, Thomas Kuhlke, Alessandro Vaglini

• Key People:

• Britta Balden – CEO & Strategy, Finance

• Thomas Kuhlke – COO & Product Owner

• Alessandro Vaglini – CSO & IoT

• Iheb Samaali – Internship Trainee

• Rashad Abou Lteif – Product Owner

• Petros Kanellopoulos – People Ops & GM SmartLoC GR

• Stelios Ntouvos – Full Stack Engineer

• Yiannis Koulizakis – Full Stack Engineer

• Wencke Nottmeyer – Executive Assistant

• Petra von der Heyde – Sales Representative

• Wisam Edghaim – Sales Advisor

• Anil Ganjoo – Sales Representative

• Sebastian Choren – Sales Representative

• Headquarters: Bad Oldesloe, Deutschland

• Number of Employees: 11-50 employees

• Revenue: No information is available.

• What is the company known for: SmartLoC is known for revolutionizing international trade through IoT-driven trade finance by eliminating the complexities associated with traditional Letter of Credit financing. It offers comprehensive Supply-Chain Visibility solutions and reliable B2B payments which minimize the risk of incomplete or damaged shipments.

Products

• Collaborative Contracts:

• Description: Enables creation of export or import contracts with trading partners using collaboration platforms and standard templates.

• Key Features: Avoids inconsistent email exchanges, allows easy creation and negotiation of contracts.

• Trusted Payment Solution:

• Description: Aligns payments with the contract and shipment events.

• Key Features: Provides new payment options, ensures payments are executed when conditions are met, offers modern B2B payment solutions.

• Shipment Monitoring Service:

• Description: Real-time tracking of shipments with specific IoT devices.

• Key Features: Monitors temperature, humidity, shock, vibration, CO2 emissions, and uses geolocation for event notifications, optimizing shipments in terms of cost and emissions.

Recent Developments

• New Products Launched: No information is available.

• Recent Developments:

• Participation in the India market discovery program supported by the German Accelerator and organised by Start2 Group which provided networking opportunities with potential Indian customers and partners.

• Involved in face-to-face meetings and pitch events in locations such as Delhi and Bangalore, expanding international network and exploring opportunities.

• New Features Added to Existing Products: The company continues to enhance insights and monitoring provided through IoT technology.

• New Partnerships: No specific new partnerships mentioned, though active involvement in international networking such as the India market discovery program indicates potential development.

Conclusion

This detailed report presents SmartLoC as a transformative startup in the international trade finance space. By leveraging IoT technology and a digital approach to Letters of Credit, they offer comprehensive solutions for enhanced supply chain visibility and secure B2B payments. Their presence in international forums like the German Accelerator program underscores their proactive expansion and collaboration efforts.