The $7.93 million institutional treasury subscription for Dow Protocol has closed.
The funds will be used to advance payments against receivables owed to merchants on some of the world’s largest e-commerce platforms—the sellers get paid upfront, and the advance is repaid once the platforms release the funds.
These aren’t made-up assets on a website. They’re merchant receivables tied up by Amazon, eBay, and Walmart for 14–28 days. Alipay solves the problem of “buyers being afraid to pay upfront”; Dow solves the problem of “sellers being unable to wait 14–28 days.”
The demo is up and running. Next comes scaling up—and making more money.
The funds will be used to advance payments against receivables owed to merchants on some of the world’s largest e-commerce platforms—the sellers get paid upfront, and the advance is repaid once the platforms release the funds.
These aren’t made-up assets on a website. They’re merchant receivables tied up by Amazon, eBay, and Walmart for 14–28 days. Alipay solves the problem of “buyers being afraid to pay upfront”; Dow solves the problem of “sellers being unable to wait 14–28 days.”
The demo is up and running. Next comes scaling up—and making more money.