There is an unmet market need for a trusted platform that lets businesses build a transparent financial track record that helps them obtain better access to short-term lending. Integration of blockchain technology with accounting data is a way to improve transparency, automate lending, and accelerate processes.
The clarity of events in an accounting solution along the supply chain via the blockchain is an enabler of faster payment, increased efficiency, reduced risk of fraud, and lower costs. And this is the gap that PayPie is going to fill.
PPP Tokens are based on the Ethereum ERC20 standard. The PPP Token is the utility token that provides access to the PayPie platform for certain transactions and services. Each PPP Token grants the holder the right to access certain services on the PayPie Platform and credit marketplaces that may develop using the PayPie Platform in time.
Lenders will be able to use PPP Tokens to access the PayPie Platform to access financial scoring data and real-time financial data of the SME that they are working with.
Purchase, ownership, receipt or possession of Tokens carries no rights, express or implied, other than the right to use Tokens as a means to enable usage of and interaction with Services enabled by the Ecosystem. The Tokens are not intended to be a digital currency, security, commodity or any kind of financial instrument.
API: Application program interface (API) connecting the PayPie Platform to SME enterprise resource planning (ERP) and accounting software (Accounting Data).
Analytics: Analytics calculating datapoints and metrics based on the Accounting Data.
Risk Algorithm & Assessment (CRAA): Risk assessment of SME based on the Accounting Data and datapoints and metrics.
Dashboard: Online interface enabling SMEs and permissioned users to view historical and near real-time financial metrics and Risk Assessment of SME.
We invite independent market participants that wish to utilize the functionality of the PayPie Platform to function as “Credit Hubs” and to enable SMEs gain almost immediate access to liquidity. PayPie’s risk algorithm is expected to give lenders a higher level of information and confidence to lend on terms not currently found anywhere else.
We invite third parties to participate in marketplace as credit hubs/lenders to interface with the PayPie Platform to offer funding opportunities to small businesses. Credit Hubs would benefit from seamless PPP Token smart contract execution for risk assessment of the SMEs and their customers.
PayPie’s team of founders and advisors includes set of experts from around the world with decades of experience in fintech, technology, financing, banking, accounting, risk management and blockchain.
Co-founder and CEO
Nick is a serial entrepreneur and member of the Forbes Technology Council. Before co-founding PayPie, Nick co-founded SlickPie, a startup that provides online accounting software for small to medium-sized businesses (SMEs) in 130 countries worldwide, and Welcome Networks, a company specialized in providing IT solutions for accounting firms. Nick is an MBA holder with over 20 years of experience working in the accounting tech industry. He is also a frequent speaker at national CPA events, touching on technology and cybersecurity practices.
Jag has over 17 years of experience working with technology from giants like Microsoft, Citrix, and VMware. In addition to designing, implementing and maintaining virtual systems for SMEs, he’s an expert in data security networks, with backgrounds serving as the principal technical architect and tech lead for private cloud services. He has extensive experience working with a wide range of IT solutions for accounting and bookkeeping firms in North America, including all of the major accounting applications.
A co-founder of the Ethereum platform, Anthony is the former CDO of the TMX Group and Toronto Stock Exchange. He is also the founder of the Jaxx blockchain wallet (used by over 400,000 customers), the CEO of the Decentral blockchain innovation hub and a thought leader in the decentralized technology industry. His blockchain engagements are known for achieving substantial growth and landmarks.
Jack is the co-founder and executive director of the American Blockchain Council. Having advised Fortune 500 companies such as Coca-Cola, GE, Bosch, SAP, Oracle and IBM, he is a leading expert on the strategic business implications of blockchain technology. He has more than 30 years of experience as a tech futurist and has delivered over 1,000 keynote speeches and presentations worldwide. Jack is also a Kellogg MBA holder and a Yale alumnus.
Steven is the CEO of Rivetz Corp and a director at Wave Systems Corp, where he served as President and CEO for 14 years before transitioning to the board of directors and helping the company sell over 130 million copies of licensed software globally. A popular speaker on cybersecurity topics, he is an influential player in the development and application of the self-encrypting drive industry standards. A Cornell alumnus, Steven has a strong technical foundation in the principles, capabilities and business models of incorporating hardware into everyday computing.
Gary is an internationally renowned accounting expert and one of the most experienced executives on the global market. With over 10 years working as a financial controller and operations manager, 15 years as a management consultant (Deloitte, KPMG and EDS), and 16 years with SAS, he is an expert speaker, author and consultant in enterprise performance management (EPM) and business analytics methods and systems. Gary is a Kellogg School MBA holder and a Cornell alumnus.
Derrick is the principal partner of Keyway Group, a regulated corporate service provider advising over 10,000 companies since its inception in 1979. Derrick is an early investor in Bitcoin and, through his group’s investment arm, has invested in numerous startups in the crypto space while often assisting them as a regulatory and tax advisor. He is a frequent speaker at various investment events and he is a fellow at the Hong Kong Institute of CPAs and member of CPA Australia.