Welcome!
FarmBit is Africa's No. 1 trade finance platform
FarmBit is an open marketplace that helps businesses to obtain working capital by discounting their trade invoices to investors, who are willing to advance funds and take exposure to this new asset class and earn stable yield.
On the one hand, we serve businesses of different sizes from Africa covering suppliers, manufacturers, and retailers.
This we do by checking some numbers of variables such as the relationship between the buyer and the seller, and the creditworthiness of the buyer.
Then we place the trade receivables in form of an NFT for investors to put their digital assets to work and earn stable yields in stable coins.
At FarmBit, the most important thing we look at is the existing relationship between the buyer and the seller by leveraging blockchain technology to ensure legitimacy unlike traditional lenders, for example, banks.
Traditional lenders look at the creditworthiness of the seller only, we look further into the existing relationship between the seller and the buyer.
On average, invoices last for 58 days on the FarmBit platform.
This document is a resource for the FarmBit community.
Explore these links to learn about FarmBit Pool and its yield structure.
DApp: https://farmbit.io/app
Github: https://github.com/FarmbitDev
Twitter: https://twitter.com/farmbit_io
Medium: https://medium.com/farmbit
Telegram: https://t.me/farmbit
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