Preks provides a digital platform for the acquisition and sale of precatórios, simplifying the process for sellers and investors. The platform uses blockchain technology for secure and transparent recording of credit assignments, eliminating the need for physical notary visits and enhancing transaction security.
Funding
Funding not disclosed
Founders
Product
Problem
The process of buying and selling precatórios (court-ordered payment obligations) is often complex, requiring physical presence at notaries and digital certificates, which limits accessibility and efficiency. This traditional approach can also introduce opacity and security concerns for both sellers and investors.
Solution
Preks offers a fully digital platform for the acquisition and sale of precatórios, streamlining the entire transaction lifecycle. The platform facilitates secure registration, negotiation, and payment, with funds held in escrow until transaction conditions are met. Preks leverages blockchain technology to record credit assignments on the Ethereum network, enhancing transparency and security for all parties involved. This digital-first approach eliminates the need for physical notary visits or digital certificates, providing a more convenient and secure experience.
Target Audience
The platform serves individuals and entities looking to sell their precatórios for immediate liquidity, as well as investors seeking to acquire precatórios as an asset class.
Features
- Digital platform for listing and acquiring precatórios, accessible remotely.
- Secure escrow service for transaction funds, ensuring payment upon validation of credit assignment.
- Blockchain integration for immutable recording of credit assignments on the Ethereum network.
- Rigorous legal analysis of each precatório to ensure legal certainty for participants.
- Streamlined digital onboarding and negotiation process, removing the need for physical documentation or notary visits.
- Payment to sellers is processed only after credit assignment petitions are filed and double assignments are ruled out.