PayLata Invoice Financing Network

We are delighted to present our unique PayLata network to the blockchain community. We are providing a space where Small and Medium-sized Enterprises (SMEs) can build and thrive without the common cash flow pitfalls.

Let’s get this out of the way first; the general PayLata platform will be open
sourced and accessible to anyone. It is a decentralized Multi-Financier, Peer-to-Peer, Reverse Auction, Invoice Discounting platform that’s built on top of Blockchain Technology. PayLata operates its own blockchain using Proof of Stake (PoS) consensus via the Tendermint Consensus Engine along with the Cosmos SDK.

The PayLata decentralized platform is unique in that it allows for any number of Financing Institutions to operate their own Invoice Financing operations in isolation of other Financing Institutions. On this platform Financing Institutions can onboard their own business customers to take advantage of the PayLata Investor Network (PIN).

Why take part in our Journey?

PayLata is bringing a real-world solution that has not been seriously looked at by the crypto community to the DeFi space. Invoice Financing is dominated by centralized solutions targeting small market segments with traditional financing services being the dominant force within the space. The platform addresses a need in the business-to-business space by adding a new dimension to how businesses go about Invoice Financing, specifically Invoice Discounting.

PayLata has created an environment where:

• Financial institutions can access different markets, build, and integrate their invoice financing businesses within their current platforms without worrying about the funding required to cover loans
• Investors can now take part in this invoice financing asset class formerly restricted to financial institutions
• Merchants can increase cash flow and have more control over the terms of their loan agreements
• Individuals can receive products and services immediately but pay at a later date (Buy Now Pay Later paradigm)

The LATA Token

LATA, short for PayLata, is the network and governance token of the PayLata blockchain. The LATA token is required:

• to pay transaction fees (which is also known as Gas fees on other networks like Ethereum)
• for voting on Governance Proposals that are put forward by the team or community
• to help with securing the network by staking/delegating to validators
• by investors to purchase invoices from merchants

PayLata going forward…

Join us as we create waves in the world of FinTech. Follow us within our communities as we update you on the opportunities that our platform will facilitate.