Spanish company, dedicated to international business, has developed a new disruptive payment system for B2B using Blockchain and Ethereum. The new payment system allows companies to ensure their negotiations, making secure the transfers and payments of goods between companies avoiding fraud. The company is looking for a fintech or insurtech who can provide a credit service for B2B transactions in order to add it into the platform. The cooperation sought is outsourcing agreement.
The company is located in Alicante (Spain) and its main activity is international business consulting. With more than 15 years of experience in international business and more than 350 satisfied clients, the company has become one of the top exports consultancy in Spain. The company has developed a disruptive payment system between companies (B2B) encrypted on Blockchain and using Ethereum system making it secure, fast and cheap and without the intermediaries as big corporations or banks. The payment system works as follows: 1. Contract’s formalization: One of the two companies registers on the platform, fulfills the conditions of the contract in few minutes and it invites the second company to register. This last company modifies and/or approves the contract, which remains encrypted and immutable in the Ethereum system. 2. Payment mediation: The buyer deposits the amount for the goods in the system who guarantees the buyer that he will only pay the seller if he receives the goods. It also guarantees the seller that he will receive the amount whenever he delivers the goods. The benefits of this payment system are: immutable contract once is accepted, cost savings, no limits, no insurance, mediation if conflict, no waiting and no possibility of fraud. So far, the company offers the service on payment in advance, but it would like to offer it on a credit basis. Due to this, the partner sought should be a fintech or insurtech with experience in B2B services that offers a credit service for B2B transactions. The partner credit service can be integrated into the payment platform. The partner sought should be located in Europe and this cooperation will be under an outsourcing agreement.
Type (e.g. company, R&D institution…), field of industry and Role of Partner Sought:
The partner sought should be located in Europe and be a fintech or insurtech with experience in B2B services that offers a credit service for B2B transactions. The partner credit service can be integrated into the payment platform. The cooperation sought is an outsourcing agreement.
Technical Specification or Expertise Sought:
The service sought is: a company that can provide a credit service for B2B transactions in order to add it into the payment platform.
Stage of Development:
Already on the market