Lendflo Partners with Centrifuge
We are excited to announce our collaboration with Centrifuge.
The initial focus of this collaboration will involve exploring and implementing Centrifuge’s open protocol that allows the exchange of private data in a verifiable and secure way while supporting on-chain document validation and decentralized access to document data. This will give Lendflo the ability to offer a more efficient, transparent, and trustworthy method of processing invoices. Additionally, Lendflo and Centrifuge will be exploring the development of a combined system that enables users of Centrifuge infrastructure to receive financing against their tokenised invoices using Centrifuge’s business NFT standard and technology through Lendflo’s platform. This will enable SMEs to receive funds quickly and efficiently against their outstanding invoices.
“Centrifuge is helping us solve one of the biggest challenges the invoice financing industry faces — proving the legitimacy of the invoice. With Centrifuge’s innovative technology we can mitigate the risk of fraud within our system. We believe the partnership is a great opportunity for both companies to evolve their offering and deliver more value to the end user.” — Chris Smith, Lendflo CEO & Co-Founder
About Centrifuge
Centrifuge is an open, decentralised operating system to connect the global financial supply chain. It allows any business, no matter how big, to transact on a global network while maintaining ownership of their data, including their validated company details, their reputation, business relationships, and subsequent transactions.
About Lendflo
Lendflo provides a marketplace for invoice collateralised loan agreements on the blockchain. We match small businesses looking to free up value contained within their invoices with investors seeking a return. It combines a fast, centralised invoice exchange service with decentralised settlement. Our blockchain system provides transparency of the investment, efficiency in managing the debt contract, and increased tradability of the financial instrument.
For more up-to-date information regarding Lendflo, join us on social media:
- Twitter: https://twitter.com/LendfloUk
- Facebook: http://facebook.com/Lendflo
- Website: http://lendflo.com/
