[July] Update š§
Hello Centrifuge World š¾
It has been a busy month with more pools spinning on tinlake.centrifuge.io, over $1m in Dai financed, and onboarding a new asset class to Tinlake. First off, hereās what to expect in August:
August Pools š
Tinlake will showcase three offerings this month: ConsolFreight, Paperchain, and the newest member, Harbor Trade Credit.
Please Note: This is not investment advice; this is a pure introduction of the Asset Originators that are planning to issue on Centrifuge Tinlake. All commercial terms are subject to information provided by the Asset Originator. Please contact us if you want to invest.
Harbor Trade Credit
Asset Type: Trade Finance Receivables
Harbor is a fintech firm focused on Supply Chain Finance (SCF) and working capital solutions. Harborās solution allows for early payments to suppliers so that buyers can optimize their own liquidity through trade credit. They launched in May 2018 and have completed $15.8m in originations to date.
A Community Intro has been given on the Centrifuge Discourse where you can learn more about this Asset Originator.
Consolfreight
Asset Type: Short-Term Trade Finance
ConsolFreight is a SaaS freight technology provider that empowers the digital transformation of the shipping industry. ConsolFreight finances freight forwarder invoices as well as the cargo being transported.
Paperchain
Asset Type: Short Term Spotify Streaming Revenue Financing
Paperchainās mission is to power the creator-led economy ā by giving faster access to creator revenues and opening up streaming data to unlock creator growth and decision-making. Operating at the intersection of media, finance and technology, Paperchain connects the largest media streaming platforms and offers a non-dilutive funding model via innovative, inclusive financial data streams & investment products.
Learn how to become an investor
Looking Back at July š
Tinlake passed the $1m marker in financed Dai, getting over the finish line with Newsilverās pool.
News š°
We also saw a feature article from The Block amplifying the importance of blockchain and our global supply chains. Big players, including the World Bank, are seeing this importance:
If youāre not convinced yet that āblockchain for supply chainsā is back, consider that in a recent report entitled āSmart Contract Technology and Financial Inclusion,ā the World Bank made a few points that sounded a lot like Vogelsangās.
Acknowledging a large gap between big and small companies in term of access to supply chain finance services, the reportās authors said that āsmart contracts hold promise for reducing process frictions and improving information asymmetries that constrain [supply chain finance]ā for a category it calls micro, small, and medium enterprises.
Although they didnāt agree with everything we had to say š