PolyFlow has partnered with Pelago to strengthen the supply chain finance ecosystem
As a next-generation payment infrastructure provider, PolyFlow is leveraging cutting-edge decentralised technology to drive the expansion of on-chain finance. PolyFlow today announced the deepening of its partnership with Pelago Labs, an innovative payment solutions and leading fintech company. Last month, two vendors successfully secured an on-chain loan of 1 million USDC from Trusta Labs on the Pelago Supply Chain Finance (SCF) platform, powered by PolyFlow's PayFi protocol, in a transaction that was completed through the Stellar network.
The transaction marks a significant advance in blockchain technology in real-world business applications such as supply chain finance. PolyFlow's deep integration of the PayFi protocol with the Pelago SCF platform provides small and medium-sized enterprises (SMEs) with liquidity to access financing before receiving payment from the buyer without relying on traditional banks. This breakthrough is a significant boost to financial inclusion, helping companies facing cash flow challenges overcome cash flow challenges and ensure that their business operations are not affected by payment cycle delays.
Raymond Qu, co-founder of PolyFlow, commented on the results of the collaboration:
"This achievement is a testament to the transformative power of blockchain technology in the field of supply chain finance. Through our partnership with Pelago, we provide SMEs with decentralised financial solutions that remove liquidity constraints and enable them to access working capital more smoothly. This is just the beginning of the global trade finance revolution, and we expect blockchain-powered solutions to play an important role in businesses of all sizes. "
Theimpact of blockchain finance on traditional industries is rapidly expanding. Cryptocurrency-backed financing solutions provide new avenues for businesses to access the working capital they need without relying on traditional banks or financial intermediaries. This emerging financial model is bridging the SME financing gap and providing more flexible and accessible financial instruments.
The successful transaction between Pelago Labs, Trusta Labs, and the vendor shows that blockchain-based financing is more than just a proof of concept, but a truly viable business solution. With PolyFlow's PayFi protocol, the Pelago SCF platform is pioneering a new credit issuance model that leverages digital assets to enhance liquidity and power business growth.
Going forward, PolyFlow's partnership with Pelago Labs will continue to expand funding opportunities for SMEs around the world. The two companies will focus on driving decentralised finance innovation to ensure that businesses of all sizes have access to efficient and reliable financing. This partnership underscores PolyFlow's commitment to reinventing global trade finance and making financial services accessible to more businesses that were previously limited to large corporations or traditional banking systems.
About PolyFlow
PolyFlow is a pioneer in the PayFi infrastructure space and is committed to driving the mainstream adoption of blockchain payments. PolyFlow has processed more than $200 million in transactions and has partnerships with industry giants such as Ripple, Stellar, and Solana. With advanced technology, PolyFlow helps businesses adopt decentralised finance solutions, streamline payment processes, and improve financial accessibility.
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About Pelago
Headquartered in Vancouver, Canada, Pelago Labs is a leading fintech company focused on innovative payment solutions. The company has a strong compliance foundation and works with licensed financial institutions to ensure payment security and regulatory compliance. Pelago has deep expertise in both traditional finance (Web2) and blockchain finance (Web3), helping companies optimise their payment processes and achieve a seamless integration of traditional finance and blockchain technology.