Small businesses around the world face significant challenges in obtaining credit financing at reasonable rates. However, Storspay's lending infrastructure platform offers a potential solution to this problem. Using stablecoin and an intuitive software interface, the platform aims to enable millions of businesses and retail investors to borrow and lend money for working capital.
The potential impact of this development is enormous. Storspay's platform could benefit up to 333 million small businesses globally who are in need of up to $40 trillion in credit financing. The company has secured funding from Techstars NYC, JP Morgan, 500 Global, and several Angels, which positions it well to bring its vision to fruition.
Storspay's lending infrastructure platform offers an attractive alternative to traditional lenders. It enables instant and zero-fee cross-border lending by retail investors in North America to businesses worldwide, starting with Africa. Moreover, the platform's all-in-one lending infrastructure offers small businesses the ability to borrow instantly across borders and at up to 50% cheaper than existing lenders.
In addition to offering lending services, Storspay's platform allows small businesses to issue invoices and accept USD payments from anywhere, as well as to send USD payouts to anywhere. Furthermore, the company provides debit cards linked to its Storspay wallet, allowing businesses to spend funds anywhere with ease.
Storspay's lending infrastructure platform is also designed to be easily embedded into third-party consumer platforms, providing their users with alternative investment opportunities. Similarly, the platform offers 3rd party merchant aggregators such as POS systems, payment processors, ecommerce platforms, marketplaces, and payment processors the ability to embed their borrow APIs for their merchants to seamlessly borrow working capital.
By providing affordable, accessible, and transparent lending options, Storspay is empowering small businesses to thrive and fueling economic growth worldwide. The company's innovative approach to cross-border lending is poised to make a significant impact on the financial industry.
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