INVESTO :: P2P Lending & Invoice Discounting Platform

Overview

INVESTO is a blockchain-based platform designed to provide a secure and transparent P2P lending and invoice discounting solution for Small and Medium Enterprises (SMEs). Leveraging the power of Solidity, EtherJs, NodeJs, and NextJs within a monorepo architecture, we aim to revolutionize traditional financing processes by introducing smart contracts that manage lending and invoice discounting, with the additional benefits of transparency, automation, and trust.

The platform also includes dashboards for companies, investors, and admins to manage, analyze, and track transactions and collaterals efficiently.

Problem Statement

Traditional invoice discounting processes are inefficient, leading to prolonged payment cycles and cash-flow issues for businesses. Lack of transparency and trust between involved parties often results in disputes and delays. Blockchain technology addresses these issues by creating a secure, transparent, and automated platform for invoice discounting, improving operational efficiency and trust in financial transactions.

Idea Description

Invoice Discounting is a process where businesses (specifically targeting mid-sized companies) can receive upfront cash by selling their unpaid invoices to lenders or investors. Instead of waiting for customers to pay, businesses can secure funding quickly, though at a slightly discounted rate. Our platform helps businesses find investors, manage the paperwork securely, and keep everything transparent and organized.

Using blockchain technology adds an extra layer of security and efficiency.

Key Features:

• Decentralized Invoice Discounting: Businesses sell their unpaid invoices to investors in exchange for upfront liquidity.
• Blockchain-powered Smart Contracts: These ensure automatic execution of transactions and secure the process for both businesses and investors.
• NFT as Collateral: NFTs can be pledged as collateral for loans, with smart contracts managing liquidation in the case of defaults. If a borrower defaults, the NFT collateral is automatically converted into monetary value and distributed among investors, reducing risks.

Technical Stack

• Blockchain: Solidity, EtherJs
• Frontend: NextJs
• Backend: NodeJs
• Database: Supabase, PostgreSQL
• Monorepo: A unified codebase structure for streamlined development and deployment

Revenue Model

Our platform follows a commission-based revenue model, earning a percentage from each successful investment or invoice discounting transaction. This model has already led to a 25% increase in user engagement by providing seamless investment opportunities to individual investors.

How It Works

1. Businesses upload their invoices to the platform.
2. Investors browse available deals and invest in invoices, receiving a return once the invoices are paid.
3. Smart Contracts handle the entire process, ensuring transparency, security, and automation of the payments.
4. In case of a loan default, NFTs pledged as collateral are automatically liquidated and distributed to investors.

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Installation & Setup

To start

pnpm i  
pnpm db:generate
pnpm db:push

To Run

pnpm dev

Docker

docker-compose up

Using this example

Run the following command:

npx create-turbo@latest

What's inside?

This Turborepo includes the following packages/apps:

Apps and Packages

• docs: a Next.js app
• web: another Next.js app
• @repo/ui: a stub React component library shared by both web and docs applications
• @repo/eslint-config: eslint configurations (includes eslint-config-next and eslint-config-prettier)
• @repo/typescript-config: tsconfig.jsons used throughout the monorepo

Each package/app is 100% TypeScript.

Utilities

This Turborepo has some additional tools already setup for you:

• TypeScript for static type checking
• ESLint for code linting
• Prettier for code formatting

Build

To build all apps and packages, run the following command:

cd my-turborepo
pnpm build

Develop

To develop all apps and packages, run the following command:

cd my-turborepo
pnpm dev

Remote Caching

Turborepo can use a technique known as Remote Caching to share cache artifacts across machines, enabling you to share build caches with your team and CI/CD pipelines.

By default, Turborepo will cache locally. To enable Remote Caching you will need an account with Vercel. If you don't have an account you can create one, then enter the following commands:

cd my-turborepo
npx turbo login

This will authenticate the Turborepo CLI with your Vercel account.

Next, you can link your Turborepo to your Remote Cache by running the following command from the root of your Turborepo:

npx turbo link

Useful Links

Learn more about the power of Turborepo:

• Tasks
• Caching
• Remote Caching
• Filtering
• Configuration Options
• CLI Usage