
By ChainCred
Infra for Founders & Investors to exchange & fetch credible company finances on Soroban ensuring data transparency & verification
Our project addresses the challenge faced by startups and investors during the fundraising process, where sensitive financial data must be shared for due diligence while maintaining confidentiality and trust. We offer a secure and transparent platform that enables selective data visibility, streamlining the verification process without compromising data integrity through Soroban smart contracts.
Product Offerings:
Financial Data Verification Platform: What it is: A secure platform for startups and investors to verify financial data during fundraising. Problems it solves: Reduces the time and effort required for due diligence while ensuring data confidentiality and credibility without actually revealing the complete data. Audience & Benefits: Founders benefit from streamlined data verification and analysis, reducing manual efforts and ensuring data integrity. Investors benefit from efficient due diligence processes and real-time spend updates. Also, their team's bandwidth for verification and analysis of data will be reduced heavily. How it works with Stellar and Soroban: Utilizes Stellar for supporting Stellar transaction tracking with Freigher integration for allowing startups to get automated finance tracking with it. We will also be utilizing Soroban for writing smart contracts for off-chain financial institutions & banks data verification and validation.
ERP for Finance: What it is: An ERP platform tailored for finance management in startups. Problems it solves: Provides comprehensive financial analysis and spend management. Audience & Benefits: Founders benefit from automated spend categorization and in-depth financial analysis. Investors gain insights into company finances without compromising data security. How it works with Stellar and Soroban: Any incoming requests from investors to view a company's financial assets need to be signed and sent as a transaction to record it on a chain. The company founders have to approve this request using their keys and only then the finances are exchanged between the parties. For company employees and HR users, each employee will be added to the portal with their G/S keys and only if they exist in the company, will they have access to the data. We will have RBAC implemented to limit sharing of financial data as set by the company founders.
KEY FEATURES
Permission-Based Access Control: Enables granular control over data sharing between founders and investors.
Natural Language Processing (NLP): Provides insightful answers without complex queries, enhancing user experience.
Discussion Module: Facilitates communication between investors and founders for data clarification.
Expense Tagging: Allows founders to categorize expenses, aiding investors in fund allocation understanding.
Due Diligence Checklist: Guides founders on required documents for investor scrutiny.
Financial Metrics Calculation: Generates key financial metrics like net profits, losses, and gross margins from uploaded bank statements.
Interactive Data Visualization: Presents financial data through interactive charts and graphs for easy understanding.
Timeline View: Tracks startup progress and growth over time using financial metrics.
Secure Digital Vault: Safely stores and shares critical legal and financial documents.
Cost-Saving Recommendations: Offers personalized cost-saving strategies based on spending patterns using a third-party LLM with custom weights focusing on financial data & outlier detection using K-means clustering.
Alert System: Enables founders to set alerts for specific financial indicators or thresholds.
$32.0K

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