Spain — CarChain, an innovative blockchain-powered platform for buying, selling, and co-owning cars, has secured $700,000 in funding from angel investor Hani Kareem. Known for his expertise in the fintech, e-commerce, and blockchain sectors, Kareem brings not only financial backing but also a wealth of industry knowledge to help CarChain navigate the unique challenges of scaling a technology-driven solution in the automotive market.
Founded in 2021, CarChain introduces a groundbreaking approach to car ownership, allowing multiple users to co-own cars based on blockchain-secured time shares. By connecting blockchain with the automotive sector, CarChain’s model offers a clear, transparent way for individuals to share ownership in high-demand assets—particularly classic and vintage cars—without the logistical and legal complications often associated with traditional ownership models.

The investment will fuel CarChain’s next phase of development, focusing on enhancing the platform's capabilities, broadening user engagement, and expanding its presence in the classic car niche market. As the automotive industry increasingly explores the potential of blockchain, CarChain stands out with its novel approach to vehicle ownership and usage.

Kareem’s interest in CarChain reflects his commitment to supporting disruptive tech-based solutions in niche markets, particularly those leveraging blockchain and cryptocurrency integrations. With a background in economics and experience working alongside numerous startups, Kareem is uniquely positioned to support CarChain’s growth, advising the company on both investment strategy and technology integration based on his previous successes in the fintech and blockchain spaces.

“I see CarChain as an exciting opportunity to redefine how people access and share ownership of high-value assets, especially within the vintage car market,” said Hani Kareem. “CarChain’s approach, which combines the transparency and security of blockchain with a user-centric time-sharing model, has the potential to transform traditional ownership into a seamless, shared experience. Supporting innovations like this aligns with my belief in the transformative potential of technology to reshape industries.”

Hani Kareem is an angel investor with a focus on the fintech, e-commerce, and blockchain sectors. With a background in economics and extensive experience supporting startups in these industries, Kareem provides not only capital but strategic guidance, leveraging his insights to help founders overcome technological and business challenges. He has previously invested in and mentored multiple startups, helping them integrate advanced technology into their operations and grow sustainably.

CarChain is an innovative company founded in 2021that 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 based in Spain and in the United States and is planning to operate all around Europe, the United States, and Canada. The startup has joined FasterCapital’s Raise Capital program is raising $6M. CarChain is cofounded by Marc Connour, and Talin Yannick. 

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.”