Info RoadLaunch
Dec 21, 2018 · 2 min read

RoadLaunch & FactR sign Memorandum of Understanding with Grand Financial , a leading Canadian finance partner in Transportation & Logistics for Next Generation Settlement Solutions

For Immediate Release — Dec 20, 2018

RoadLaunch (roadlaunch.com), FactR Limited (factrpay.io), and Grand Financial(grandfin.com) has signed a MoU(Memorandum of Understanding) and reached a strategic partnership to work on the integration of both blockchain-powered platforms for intelligent logistics with Smart Contracts for instant settlement, business development and certified carrier on-boarding.

The partnership is of high caliber and synergy — while RoadLaunch, an IBM certified solutions partner, provides a platform for intelligent logistics, enabled with IoT-driven smart contracts, Grand Financial is a finance organization that has a proven track record of success in delivery of financing in the transportation and logistics industry in North America

With this partnership, it is understood that the value proposition is seen is a collaborative effort with RoadLaunch and Grand Financial, to develop Blockchain technology within FactR’s freight and logistics processes and digital wallet solution. Additionally, the parties are in agreement that this MOU serves to form the basis of a mutually beneficial partnership, where FactR provides a digital wallet and platform solution. Grand Financial provides access to capital for commercial invoice processing using the said platform, including fiat and token based transactions. As well as on boarding carriers and in the future, shippers via shared business development.

All partners are dedicated to offering timely, working capital solutions to companies looking to maintain positive cash flow while growing their business, which together is a simple, yet sophisticated logistics solution for Owner/Operator and small-mid size fleets.

All parties are excited for the future of next generation settlement solutions and shared growth in existing markets.

All questions can be directed to the following email: info@factrpay.io