PayPie Credit Risk Assessment to Be Adopted by Debitum Network

PAYPIE CREDIT RISK ASSESSMENT TO BE ADOPTED BY DEBITUM NETWORK

VANCOUVER, Canada, February 9, 2018 – PayPie and Debitum Network announced today that the business credit risk assessment powered by blockchain technology provided by PayPie will be adopted by Debitum Network as its dedicated blockchain-based risk score provider for business loans exclusively for businesses in North America.

The PayPie and the Debitum teams have come to an agreement for developing a partnership with joint interests in expanding their array of benefits to broader audiences across platforms. Debitum’s CEO, Mārtiņš Liberts, said that “Debitum aims to tackle the SMEs global loan markets with constant focus on technology innovation and growth, and bringing the PayPie credit risk assessment to scrutinize businesses in North America and beyond will bring even more value to our users by granting additional trust and reliability for them to make better informed decisions.”

The partnership will involve joint efforts toward developing an integration between the platforms so Debitum Network users can directly access the PayPie scores from within the platform for greater convenience. PayPie PPP tokens will be needed for accessing the platform’s credit score, so PayPie and Debitum will agree on initially exchanging PPP tokens for Debitum DEB tokens to seed user adoption. Afterwards, PPP tokens should be directly used by Debitum users or by the Debitum platform for accessing the PayPie credit score and make it directly available through the platform. For that purpose, the Debitum Network may implement DEB to PPP exchange (automatic or manual) while any specific technical solution and integration will be designed on a later stage of the partnership. PayPie will have exclusive rights as being the only blockchain company to provide credit risk assessment and scores to Debitum and to its users and businesses in North America, while Debitum will retain the rights to provide credit risk data from other non-blockchain companies in addition to PayPie’s.

“Developing partnerships with fintech organizations such as Debitum is something that PayPie will constantly pursue as win-win synergies. Debitum users will be rewarded with the most accurate and up-to-date credit risk assessment available on the market through PayPie’s scores based on near real-time accounting data, while the PayPie platform will keep expanding its reach through new markets and audiences to solidify its unique value proposition. Interested parties are always welcome to reach us for the real business use cases in the credit industry”, said PayPie’s CMO, Yohan Varella.

ABOUT PAYPIE

The PayPie platform brings ultimate trust and transparency to the business lending by introducing the world’s first blockchain powered credit risk assessment based on business accounting. The platform challenges Experian, Equifax, and TransUnion’s status quo by assessing businesses credit risk profiles through a built-in algorithm that accounts 150 data points from near real-time financial data-based risk scores hashed on the Ethereum blockchain, hence building a faster, safer, and smart contract-powered credit scoring for banks, lenders, and financial institutions. Furthermore, the platform will introduce its own invoice factoring marketplace in which SMEs and invoices will be rated by PayPie’s unique credit risk score for a trustworthy decision system. PayPie has launched its conceptual Alpha version in January 2018 and has scheduled to launch its Beta version at any time before the end of April 2018.

ABOUT DEBITUM NETWORK

The Debitum Network is an ecosystem for various SME loans in a decentralized manner that allows organizations and individuals to distribute available capital in SME loans. Debitum offers a hybrid solution – companies’ financing will be executed in fiat – and the platform aims to create a truly decentralized network via motivated communities so it can become a living ecosystem rather than just a mix of individual organizations trying to deal service in a pragmatic approach which works in the real life. Debitum has schedule to launch its first version on the Ethereum blockchain by September 2018.

One Small Step for PayPie, One Giant Leap for SMEs

The lack of transparency in business data keeps most financial advisors, lenders, and investors up at night. And if you are an SME selling on credit, you must be feeling credit stress on a fairly regular basis. The world today needs a solution that can look at financial data and offer tools to ward off fraud to propel businesses to the next level.

PayPie is disrupting the way business is being done. Our credit risk analysis along with blockchain-powered publicly visible Credit Risk Scores is going to help millions of SMEs change their financial expectations.  In a relatively short period, our platform is introducing a product and that has been out of reach to SME’s worldwide.

The alpha version of our platform is officially being launched on January 31, 2018, and we couldn’t be happier about it. Our whole team has been putting the highest effort and care to develop this wonderful way for SMEs to improve their realities. This alpha version will be solely focused on the credit risk assessment side so you can have a good taste of what’s to come.  Alphas are known for being far from perfect, but we are very happy with the way the platform is behaving so far and we hope you will be too.

PayPie will not only analyze accounting data and apply Artificial Intelligence (AI) analytics to see whether a business will succeed or default, but will also support an entire ecosystem. Accountants will be able to give their clients actionable financial insights, lenders will be able to reduce underwriting times and costs, an investor in South Africa will be able to provide credit to a business in USA, all because of our cloud infrastructure powered by blockchain thus opening new doors for endless possibilities that reinvigorate the economy.

I would love to live in a decentralized world, but today we still need to integrate with the pre-existing global economy. That being said, we have already built the core framework that will allow us to focus on USA\Canada first and to expand globally in a scalable way based on our success in these markets. We are starting with the credit risk assessment side of the platform and we will share other details on further services at the right time.

We at the PayPie are very confident and excited about our vision. I have never seen a community and team more inspired, dedicated and talented than the ones we are blessed in having. Collectively, we will bring peace of mind to both SMEs and thousands of our supporters who are waiting for us to change the world.

PayPie, you will like it hot!

 

 

Image: StoryBlocks

Improving Your Cash Flow in a Click

Do you remember the last time you tried to get some quick financing for your business? I bet it wasn’t the best of experiences, right? These procedures usually take forever and still give you a less than satisfactory answer in the end. Even when trying multiple sources at a time can be frustrating since they all can take forever to make a decision that should be decided in seconds instead of weeks.

Gladly, technology is bringing the ultimate solution for this recurring pain point. Starting early next year, things are going to change and a new opportunity will be created where you will be able to get instant financial approvals against your outstanding invoices. Using a simple process, you as a business connect your accounting data with PayPie and let the magic happen.

PayPie will analyze your relevant financial transactions and will assign the most accurate credit risk score for your business. This will enable you to radically change the performance of your business since your data will be automatically integrated and you won’t have to manually enter any data or invoice. The days of making mistakes and wasting time entering data in different platforms are over.

If you are one of the millions of businesses using online accounting software like QuickBooks Online, Sage, or Xero, you are in for an early treat. You will be among the first ones to harness technology to solve your cash flow problems.

We will integrate with all major accounting software so that we fit naturally into your workflow to become an app that you love and use on regular basis. PayPie will truly deliver end-to-end intuitive experience that is easy to use right from within your accounting software.

PPP token holders are creating efficiencies through technology and automation for you allowing you to focus 100% on your business so that you can take advantage of the countless business opportunities that unveil.

The liquidity provided can be used for further inventory purchase, equipment purchase, or just to hire a new employee to catapult your marketing efforts. We are here to help your business grow and ensure long-term success. With PayPie at the heart of your short-term liquidity needs, there is no better friend today.

Sign up for our short-list now and we’ll promptly inform you once we’re are ready to take live credit risk score of your business to the pool of worldwide lenders, first time ever powered by the blockchain: https://goo.gl/forms/sdDMx1ANQ532aN9I2

 

 

Image: GraphicStock