Unlocking Financial Efficiency: V360's Receivable Advances Through Kona's Blockchain

We're super excited to share news about our partnership with V360, one of the leading invoice management platforms. Together, we're set to revolutionize the receivables advance process in Brazil! With this partnership, our Kona Finance platform will become the main provider of blockchain infrastructure for V360's receivables advance service, expecting to move up to US$50 million in receivables by the end of 2024.

This collaboration leverages Kona's private infrastructure product, giving V360's clients the ability to create their own credit programs. This advancement promises to significantly simplify the credit structure and optimize capital efficiency, as well as provide a faster, more economical, and transparent payment advance system.

How Kona works in the V360's project.

Using Kona's infrastructure, companies will be able to advance payments with terms of up to 120 days, offering immediate liquidity and discount opportunities for advance payments. This capability not only relieves pressure on suppliers but also strengthens BRX Finance's position in the corporate payment flow automation tools market.

Additionally, the partnership aims to eventually expand to allow the advance of non-performed operations, such as purchase orders or contracts, all backed by book-entry duplications and registered on the blockchain. This innovation represents a major step towards efficiency and transparency in financial operations, opening new doors for growth and sustainability of the involved companies.