Provides a decentralized protocol for issuing and managing transaction requests on the blockchain, enabling secure invoicing, payments, and financial data sharing. It streamlines processes like reconciliation, compliance, and traceability while supporting Web3 applications such as undercollateralized lending, credit scoring, and automated tax reporting.
Funding
$120K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional invoicing and payment processes, especially in Web3, often lack transparency, automation, and seamless integration with decentralized finance (DeFi) applications. This can lead to inefficiencies in reconciliation, compliance challenges, and difficulties in managing financial data across different platforms.
Solution
Request Network provides a decentralized infrastructure for creating, sharing, and managing transaction requests, enabling secure and automated invoicing, payments, and financial data sharing on the blockchain. The protocol facilitates reconciliation by immutably inscribing transaction contextual data on the blockchain, ensuring regulatory adherence and traceability. By leveraging this infrastructure, developers can build Web3 applications such as undercollateralized lending services, credit scoring frameworks, and automated tax reporting solutions, fostering greater efficiency and transparency in financial operations.
Target Audience
The primary target audience includes Web3 developers building DeFi applications, invoicing product developers, payment solution providers, and accounting platform providers seeking to leverage blockchain technology for secure and transparent financial transactions.
Features
- On-chain invoicing with options for public or private visibility
- Secure and fast invoice issuance with easy access to proofs and receipts
- Selective financial data sharing with third parties for risk assessment, lending, and insurance purposes
- Integration with payment services for streamlined payment processing
- Compatibility with Web3 accounting platforms for automated audits and tax reports
- Support for various payment networks without requiring smart contract changes
- API and SDK for integrating Request Network functionality into dApps