FINAGG
Real-World Blockchain for Invoice Discounting: RBI-Approved Supply Chain Finance Revolution
Webapp
Project Type
B2B
Market
10K+
Active Users
2 Years
Project Timeline
ABOUT FINAGG
FINAGG is a groundbreaking RBI-approved blockchain platform that revolutionizes invoice discounting by solving payment delays in supply chains. The platform uses blockchain technology to make invoice discounting faster, more transparent, and secure, providing real-world impact for businesses across India.
HOW IT WORKS?
STEP 01
Vendor raises invoice to anchor.
STEP 02
Anchor tokenizes invoice on blockchain and lender funds it.
STEP 03
Anchor pays, lender redeems token and gets funds back.
FEATURES
- ✔RBI Compliance: Built with RBI approval and following strict RBI guidelines, ensuring regulatory compliance and trust in the financial ecosystem.
- ✔Invoice Tokenization: Vendors raise invoices to Anchors, which are then tokenized on the blockchain, creating transparent and tamper-proof records.
- ✔Immediate Payment Solution: Lenders can buy or fund tokenized invoices, providing immediate payment to vendors and improving their cash flow significantly.
- ✔Automated Workflow: The entire process is automated through smart contracts, ensuring everyone gets paid faster with reduced paperwork and manual intervention.
- ✔Fraud Prevention: Blockchain technology ensures all payments and ownership are tracked on-chain, significantly reducing fraud and disputes.
- ✔Supply Chain Impact: Addresses the critical problem of payment delays that slow down entire supply chains and create cash flow issues for small businesses.
TECH STACK USED
Blockchain
Smart Contracts
Node.js
React
AWS
Tokenization
MORE ABOUT IT
FINAGG is a groundbreaking RBI-approved blockchain platform that revolutionizes invoice discounting by solving payment delays in supply chains. The platform uses blockchain technology to make invoice discounting faster, more transparent, and secure, providing real-world impact for businesses across India.
