Overview

FarmBit is an open marketplace that allows businesses to obtain working capital by discounting their trade receivables to investors, who are willing to advance funds and take exposure to this new asset class and earn stable yield. On one hand, we serve businesses of different sizes from Africa. We cover suppliers, manufacturers and retailers. On the other hand, we check some numbers of variables such as the relationship between the buyer and the seller, credit worthiness of the buyer and we place the trade receivables in form of an NFT for investors to put their digital assets to work and earn stable yields in stablecoins. For us at FarmBit, the most important thing we look at is the existing relationship between the buyer and the seller. Unlike traditional lenders for example, banks. They look at the credit worthiness of the seller only, we look further into the existing relationship between the seller and the buyer On average, invoices last for 58 days on the FarmBit platform. https://farmbit.io