Navigating the Changing Environment. We hope everyone is safe and are optimistic that our world will change for the better.

29 Jun 2020, 22:37

Navigating the Changing Environment We hope everyone is safe and are optimistic that our world will change for the better. Even with so much going on right now around the world and our experiences changing dramatically, we have made a tremendous progress in the past few challenging months. We are constantly bringing more to our app in a time when access to data and innovative technology can make a huge difference. In an effort to support the small business community during this tough time, our platform helped hundreds of businesses apply for millions of dollars in funding through the Paycheck Protection Program through our lending partners. As we continue to improve our technology to solve real-time problems faced by small businesses, we built new, strong and deeper relationships that, we believe, is going to be of great value for the platform. We continue to expand our ecosystem and recently added integration with Xero, the accounting system used by almost 2 million businesses in the world. Xero users can now seamlessly connect to PayPie to get automated cash flow forecasting and other financial data delivered directly based on the accounting transactions such as bills, invoices and payment trends in the accounting software. We made significant improvements in the platform with speed and user experience. The current workflow is further being improved to make it easy for potential lenders to use the platform data in their decision-making process. Although lending criteria has tightened all across the world, but the need for real-time financial data is always going to be there. There are a lot of moving parts and we are putting it all together to make it part of a useful decision-making toolset. A platform that supports the process would be highly valuable once the pandemic is over and the world starts moving towards semi/fully automated decisions on B2B lending. PayPie token economy is very important for us. Later this year, we plan to start our institution outreach plan to promote the use of innovative technology and intelligent risk-assessment tools to better serve business owners. An exciting opportunity is ahead of us as lenders and financial institutions weather the current storm and continue to add value as the economy improves and the lending process re-initiates. Also, if you know of any small business lender or financial institution (excluding USA and Canada) that may be open to accepting tokens to get access to real-time financial data, we would appreciate those introductions. You may refer them to us for follow up by completing the Contact us form.