FactR and Liberatrade partner to bring instant Smart Contract based transactions to multiple countries.
For Immediate Release — May 13, 2019
FactR, the Canadian leader in Next-Generation instant cross-border settlement is pleased to announce the signing of a strategic partner agreement with LiberaTrade, a trade finance company providing supply chain liquidity and the monetization of logistics data through a portfolio of innovative solutions.
Targeted at medium to large enterprises, global freight carriers, brokers, and shippers, the FactR Blockchain solution delivers greatly enhanced cash-flow efficiencies, providing transparent and instant cross-border settlement, audit history and transaction validation in seconds, leveraging multi fiat/asset/escrows.
By combining the Liberatrade AI focused approach to the monetization of data assets, with the FactR integrated platform, the Supply Chain industry will be offered a new, innovative product set for logistics cash flow management that includes quote to cash automation, digitization and cross-border settlement.
Cory Skinner, CEO & Founder of FactR stated: “The partnership with Liberatrade will enable FactR to move into new and exciting markets. Jointly offering this innovative solution to emerging, high-growth verticals will accelerate next-generation settlement and provide organizations trusted cash flow products delivered in multiple local currencies with instant reconciliation.”
Max Ward, Liberatrade CEO noted: “Liberatrade believes that the future of B2B payments for transportation and consumer goods will be delivered through automated settlement. Using Blockchain enabled verification of physical goods flow coupled with order origination data, and machine learning algorithms for dynamic predictive risk models, we can accelerate liquidity and provide complete supply chain transparency. Capital can now flow quickly to those that need it and at a competitive return to financiers. Emerging markets represent a growing gap between financing demand and supply that Liberatrade will be working to solve with FactR starting with this month’s proof-of-concept in India for multi-national FMCGs”
About Liberatrade
Liberatrade provides supply chain liquidity and monetization of logistics data through a portfolio of solutions including Blockchain ePOD (proof of delivery), AI-powered Supply Chain risk analysis, and origination order management. Headquartered in London, and with operations in North America and Emerging Asia will offer its first securitized risk products for supply chain financing, expected in Q4 2019.
About FactR
The FactR Smart Contract platform provides a simple yet sophisticated digitized workflow system to facilitate invoice transactions, with instant & flexible payment solutions. FactR uses leading-edge technology, Smart Contracts to enable companies, business partners, systems, & 3rd parties to identify business opportunities & create intelligent workflow automation, process Trade, Supply Chain and invoice factoring for any fiat, in most industries. With FactR, we provide instant cross-border settlement, audit, transaction validation & reconciliation to free up cash flow and alleviate the problem of either waiting for invoice terms or, paying for high costs for slow and complex factoring. By providing instant settlement for fractions of a penny, anywhere in the world, FactR saves thousands in traditional invoice factoring and receivables overhead. The FactR settlement platform provides an easy way for industry participants to get instant payment solutions and enterprise level integrations with Blockchain enabled trust, immutability, security & scalability.
FactR is headquartered in Ontario, Canada and has several global partners.
The Liberatrade/FactR relationship is currently focused on India, Indonesia, Pakistan and other emerging markets, with plans to expand in 2019.
For more information, see https://liberatrade.com or www.factrpay.io
