CarChain, a New Blockchain Startup, Joins FasterCapital’s Portfolio


Posted May 22, 2023 by FasterCapital

Blockchain is changing many industries. Carchain is a startup that is introducing blockchain technologies into the car trade market enabling people to buy, sell, and rent cars using blockahin. The startup is raising $6M backed by FasterCapital.

 
CarChain is an innovative company founded in 2021 that uses blockchain to help users sell, buy, or even share cars. The idea is to combine blockchain technology to the automotive industry in an innovative manner allowing people to buy/sell and even share cars based on how much they buy. The system will allow people to buy/sell "ownership" of cars based on a cryptocurrency that will be directly linked to bitcoin or USDT.

CarChain is cofounded by Marc Connour, and Talin Yannick and is based in Spain and in the United States while planning to operate all around Europe, the United States, and Canada. The startup has joined FasterCapital’s Raise Capital program and is raising $6M.

The Raise Capital program helps startups in their seed, pre series A, series B, and series C rounds raise capital and plan for their fundraising. The team at FasterCapital uses AI and warm introduction to achieve a higher response rate.

Mr. Hesham Zreik, CEO of FasterCapital, commented, “CarChain is targeting a huge market of car users who have the need to shift from the traditional ways of owning, buying, and selling cars.”

Contact Information:
FasterCapital
306, Office Court Building, Oud Metha, Dubai, UAE
https://wa.me/971555855663
https://fastercapital.com
[email protected]
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Contact Email [email protected]
Issued By FasterCapital
Phone +971 5558 55663
Business Address 306, Office Court Building, Oud Metha, Dubai, UAE
Country United Arab Emirates
Categories Accounting , Business , Finance
Tags blockchain , cryptocurrency , funding , startup , entrepreneurship
Last Updated May 22, 2023