Professional Credentials Exchange Closes $3.5M Initial Funding

Professional Credentials Exchange

Professional Credentials Exchange, a Tampa, Fla.-based digital marketplace for credentialing that allows member healthcare organizations to securely share, exchange, and monetize their credential verification data, completed a $3.5m initial seed funding round.

The round was led by Spectrum Health Ventures, with participation from Martin Ventures, The Hardenbergh Group, Florida Funders, and several strategic healthcare executives.

Formed two years ago as a joint venture between Hashed Health and Tenon Consulting Solutions, and led by Anthony Begando, CEO, ProCredEx has developed a digital marketplace leveraging distributed ledger, advanced data science, and machine learning technologies to provide a solution for credentialing organizations to readily share, exchange, and monetize their credential verification data within a secure community.

The firm has also secured a multifaceted partnership with enterprise software firm, R3, which includes license to build the marketplace on top of R3’s Corda Enterprise – a distributed ledger platform trusted by many financial institutions and Fortune 500 companies.



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