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"Decentralized ecosystem for movable assets"( ACU )
Not OpenICO Street Rating: 4.1 / 5 Period: 7 May 2018 to 20 May 2018 Duration: 13 Days
Acudeen - a two sided online marketplace where businesses to sell their invoices at a discounted price to a network of investors enabling them to receive funds ahead of time.We had two years of hyper growth, kick-ass recruitment, product-market fit validation and several funding milestones. We funded over 400 MSMEs and $4M of invoices. We have decided to shift the model into adopting blockchain and build a first of its kind decentralized supply chain and trade financing ecosystem on HyperLedger Fabric where other movable assets will be transacted.We aim to fund businesses struggling with their cash flow by allowing them to sell tangible and intangible assets to a worldwide network of investors who are looking for a new asset class of alternative investments.The AssetChain will be a unique marketplace where, not only entrepreneurs or investors will have access to, but also other main stakeholders such as: debt collectors, trade insurers, risk and credit-scoring third parties, audit firm and wealth management platforms will be part of the value creation within the ecosystem.

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