SmartLoC replaces traditional bank-based letter of credit financing with a digital platform that links transparency in supply chains with digital payment flows. This allows exporters and importers to mitigate the risk of incomplete or damaged shipments, simplifies the order-to-payment cycle, and provides secure collaboration, tracking, and payment solutions for international trading partners. Founded in 2021 and based in Bad Oldesloe, Germany, SmartLoC is a fintech company that offers trading solutions and supply chain management services.