Story excerpt provided by Crain’s Cleveland Business.
Written by Carrie Ghose.
A Columbus startup using the same security technology behind bitcoin to prevent real estate wire fraud has raised $3 million from a coast-to-coast syndicate of investors.
SafeChain Financial Inc. is using the round, led by Columbus-based NCT Ventures, to augment sales and technology as it works toward its end-goal product: “Using blockchain technology to facilitate 30-second real estate transactions.”
The company will almost double this year, with plans to hire 20 workers, mostly software engineers, co-founder and CEO Tony Franco said. SafeChain currently has 16 employees, most in Franklinton with a small software development office in India. It’s moving its headquarters across the river to Bicentennial Plaza, 250 Civic Center Dr.
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Originally published February 14, 2018.