FilmChain Raises £2.8 Million to Revolutionize Payments in Film and TV

London-based FilmChain, co-founded by Maria Tanjala and Irina Albita, has secured a £2.8 million investment to revolutionize global payments and expedite cash flow in the film and TV industry. The investment, led by the Holt IntersXion fund, will support the company's expansion into North America.

With its cutting-edge solution, FilmChain is transforming the landscape of collection services, offering real-time payments and on-demand reporting capabilities. The company utilizes financial technology and a private Ethereum blockchain to enhance the transparency and auditability of transactions in the entertainment industry.

In 2023, FilmChain partnered with the German Producers Association to launch a bespoke reporting platform, empowering producers to track and report on critical metrics like revenue and audience data directly to content creators. This expansion signifies FilmChain's commitment to enhancing transparency and efficiency in the entertainment industry.

According to Brendan Holt Dunn, CEO of Holdun Family Office, FilmChain ensures that every dollar of revenue generated is equitably distributed among stakeholders, driving more efficient, transparent, and secure financial operations in the management of film revenues.