Working capital infrastructure
Pre-launchRevaia
A net-60 invoice is a sixty-day loan at zero percent, written by a supplier to a buyer many times its size.
The smallest party in the supply chain is funding the largest one.
Payment terms run downhill. A supplier delivers, invoices, and then waits sixty or ninety days while its own payroll, materials and rent decline to wait at all. The buyer has borrowed from its supplier at zero percent, and the supplier has no way to price that loan, refuse it, or complain about it without losing the account.
The existing remedies are poor enough to be worth naming. Traditional factoring is slow to underwrite, expensive, often recourse, and frequently requires notifying the customer, which is a commercial cost dressed up as a formality. Bank facilities are sized on the supplier’s balance sheet rather than on the quality of the receivable, which is precisely backwards: the credit that matters belongs to the debtor.
Underwrite the receivable, settle immediately, close the loop without the supplier.
A business onboards once and then draws against invoices it has already earned. Advances settle in stablecoin, which is the part that makes same-day possible across borders without a correspondent chain deciding when the money arrives. Repayment is tracked from the debtor to close the position, so the supplier is never put in the position of chasing its own customer.
The capital side is a pool rather than a balance sheet. Institutional participants deposit, the pool funds advances, and positions and net asset value reconcile continuously against chain state. That reconciliation is the part a spreadsheet genuinely cannot do, and it is why the settlement layer is the product rather than the marketing.
Invoice financing is the product on day one. The direction is broader: working capital and banking infrastructure for the businesses the incumbent system prices worst.