There are several different types of stakeholders that are a part of the trade finance ecosystem. Buyers, sellers and financiers are the broadest terms that can possibly be used to describe these parties and within each of these categories are various kinds of stakeholders, corporations and more. Envoy aims to meet the needs of them all.
Envoy is changing traditional trade finance by introducing blockchain technology into the mix, bringing new opportunities for everyone involved. The digitalisation of the entire process removes all the paper weight from the ecosystem and allowing multiple financiers to fund the same contract gives greater opportunities for more businesses to enjoy the benefits of reduced risk that trade finance has to offer.
Envoy caters to all trade finance stakeholders with adaptable solutions for each.
Stakeholder financiers
Stakeholders represent a broad spectrum of trading budgets to utilise Envoy and pool their resources to fulfil invoices. Envoy increases transparency through blockchain and lowers the total required cost to participate through partial funding of contracts.
Envoy provides a compelling business model for institutional financiers. Envoy creates an enterprise-ready platform that is trustworthy and scalable. The platform will be robust enough for institution-grade financing by allowing financiers to mitigate risks through partial contract funding and proper risk assessment using the Envoy Ensure community ratings system by streamlining much of the trade finance process,
Institutional third-party financiers who have a tokenised fund will be able to plugin using our Engage gateway which provides even more streamlined automation and compatibility — a completely unique opportunity for the trade finance ecosystem.
Corporate clients, retailers and distributors
Whether a buyer or seller, Envoy’s platform facilitates trade financing by unlocking liquidity that would otherwise be unavailable. Once contract terms are agreed upon between buyers and sellers, the contract can be listed on the platform’s marketplace for funding.
Envoy also provides the required transparency in the invoice process which leads to further assurances and accountability. Due to the lowered administrative costs of the digitised processes, All of these factors combined create a compelling framework for corporate clients, retailers, and distributors alike.
So, whatever role you’ve found yourself in in trade finance, Envoy has the solution.
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