A factor to launch a new Springpad program that provides alternative funding to underserved business communities
Dublin, Ireland / Access Wire / March 4, 2022 / Defactor, a world leader in decentralized finance, today announced Springpad II. It is a platform that enables businesses to secure finance through the liquidity of decentralized finance that grows and is available. This is the first project to tokenize an asset for financing.
Alejandro Gutierrez, Defactor’s Operations Lead, commented on this achievement:
“One of the biggest programs is Springpad, a platform that allows companies to secure funding through a streamlined asset originator application process, allowing SMEs to enter the DeFi market and address gaps with traditional funding. Allows you to expand your program and become a business builder. “
Springpad I success
Defactor’s Springpad I have received over 50 applications from companies around the world and three finalists have been selected for funding on the platform.
The first company of choice, Fivana, is a Latin American provider of invoice financing solutions and digital purchase orders for small businesses.
The second is Antelope DAO. It is a supply management solution that enables and empowers peer-to-peer transactions through decentralized exchanges. This effectively eliminates intermediaries from funding solutions.
The third company chosen by Springpad is Gortinore Distillers, an innovative beverage company that pursues a new generation of whiskey and professional consumers.
Gortinore Distillers & Co. Founder and CEO of Aidan Mehigan was excited about this choice as decentralized finance overcame one of his major obstacles to growth. I have to go buy whiskey and find someone to bottle for me. All of this is tied to unpaid capital for 45-60/90 days, which adds to the cash flow hurdle. We have this big asset to scale because it kills you and you can make as much profit as you want, but you don’t have cash, we lend to it We need to find a way How we live and why we don’t innovate how we finance our products? “
Springpad II is here
Until March 31, Defactor will submit applications to SMEs and invite them to participate in the Springpad II program. Strong use cases for DeFi include factoring finance, PO finance, inventory finance, and supply chain finance. DeFi ready use cases include factoring finance, PO finance, inventory finance, and supply chain finance. Defactor is looking for sources of these or alternative liquidities and is open to exploring different asset classes and financial models that are not covered by traditional methods.
The The application is open..
For press inquiries, please contact us. info@defactor.com
About defactors
Defactor, a global leader in decentralized finance (DeFi), helps innovative companies confidently access this new connected economy. Defactor is one of the first platforms to integrate real-world assets into the blockchain, allowing asset originators and investors to easily join and build a stronger financial future. Defactor leverages an integrated platform, native $ FACTR tokens, and a broader ecosystem to provide a seamless and secure process that supports the ambitions of clients, investors, and communities. For more information, please visit: Defactor.com Or follow us twitter| LinkedIn | discord..
sauce: Defactor
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https://www.accesswire.com/691602/Defactor-Is-First-To-Bring-DeFi-Finance-Services-To-Sectors-With-Limited-Banking
