RevFi - Revenue based DeFi Lending

Screenshots

Problem Statement

DeFi marketplace, connecting lenders, wanting to invest in a new asset class and borrowers (companies) with recurring/predictable revenue.Companies can connect their business’ existing sales and marketing platforms like Stripe, Shopify and Facebook, bank and tax software. Then they can mint an NFT which contains:how much do they want to borrowtheir company informationtrusted revenue data from their sales platform, such as StripeThis NFT is then published to the marketplace, where lenders can choose who to lend money.The loan amount and interest are fixed (there is no accrual), i.e. someone wanting to borrow 10k, with 10%, they pay back their loan from the 11k total amount from the revenue they make.RepaymentRepayments are linked to companies' sales, with a percentage of revenue shared agreed with you until full repayment. Repayments will vary depending on the market and your revenue.We will automatically collect the repayments, either by connecting to your payment processor or by direct debit, to automate the process.Repayments will begin on the date of the acceptance of the Loan Offer and on the day your receive the Loan.

Solution

We used the following technologies:NextJS for the front-end appSign in with Ethereum to login into the app and for session managementPolygon as a main blockchainAlchemy to interact with the blockchainStripe to connect and retrieve companies revenue information which is then stored on IPFS.ERC721 for minting NFTs for the loan requests by borrowersIPFS to store company information and Stripe revenue data