PayPie Updates.
30 Jun 2021, 00:16
PayPie Updates
We know that COVID -19 has affected a lot of businesses all across the world and generated a lot of uncertainty about the financial health of their business. Many of these businesses are looking for working capital or other types of loans from lenders.
In Sept 2019, we launched our financial information and risk assessment platform for token holders to use and access real-time financial data, key metrics, and cash flow predictions of their SMB customers but we would like to see better market adoption in our community. It's been almost 2 years now and usage has not picked up the way we expected. Anytime you need to make wiser decisions on a small business, we request you to ask your small and medium-sized customers to provide you access to the data using our technology. Those decisions could be that you are looking to invest in a company, or want better data to provide your contacts some capital or loan or you simply want to stay up to date on the progress as a stakeholder of that company.
We ask everyone to become proactive, go ahead and get access to the platform by completing the requested information at and start doing due diligence on your small business customers. We have made it very simple to access business financial data for token holders to help them make faster and better decisions for smarter business lending. If you are working with a small business and need some help, please contact us and we will respond quickly to support your business. We made the process even simpler. Previously your prospects or customers needed to invite you to provide access to their financial data, now we have made the process even better because now you can invite them. Your prospects will just have to click on a link and go through some simple steps to provide you access to their data.
As a limited-time promotion, from July 1, 2021 to July 31, 2021, paying for the financial data access fee through tokens would be 50% cheaper than fiat and deliver better value for our supporters. After this period, our standard discount of 25% will apply. It means accessing services on the platform using tokens will always be cheaper than fiat so go ahead and start using the platform to obtain detailed financial information about SMEs. As informed before, PPP can only be used outside of Barbados, Canada, and the USA as residents of those countries were required to rescind as per the rescission offer sent on June 7, 2019.
On the product development side, we now support over 15 integrations and we expect this number to increase by end of this year. We believe that once we have all these integrations ready, we will be able to provide support to 80%+ of the available market that needs access to the financial data on small businesses.
As always, we’re here for you and support our community of token holders by enabling them to help their small business customers.
Thank you and stay well.
#GoPayPie