Airswift

Airswift’s Supply Chain Financing Platform unlocks new lending channels in supply chains via Stellar's new smart contract platform --- Soroban. The solution helps buyers optimize their working capital and provide SMEs with the funds they need prior to payment from the buyer, regardless of whether they have a direct relationship with the buyer. The platform leverages credit from large buyers through tokenizing their account receivables on Stellar and fractionalizing them into smaller ones representing amounts owed to individual suppliers. Consequently, associated suppliers can obtain factoring services for a given account receivable, based on which they can secure advanced stablecoin loans equal to what will be owed them by the buyer. This process enables up to 10 suppliers associated with an account receivable to obtain credit lines so they can secure working capital.

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Team Size
10
Project Type
Lending & Borrowing
Total awarded
$150.0K*
Submissions
1
Core team
yee1133
yee1133
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*The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on the day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker XLMUSD_RR) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.

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