Secure, fast, future-proof transactions
With the goal of improving access to finance for small businesses by opening the receivables market to new investor types. Avalon Marketplace from Crowdz will use Polygon to empower fast, secure transactions. Avalon Marketplace will allow the trading of real world receivables, by means of NFT technology, while rewarding both buyers and sellers with Crowdz ($CRZ) tokens that Crowdz aims to launch soon.
Integration with Polygon unlocks potential for low transaction fees, fast transactions, and real scalability, and leverages the security properties of the Ethereum mainnet. For Avalon Marketplace, this offers a significant shift in technology and culture. It moves the old-fashioned receivables industry—centralized, opaque, and still manual—to a decentralized ledger that is transparent, automated, and efficient.
At a time when the issue of environmental, social, and corporate governance (ESG) is a top priority, users can rest assured knowing Polygon transactions are ESG-friendly. Polygon’s Proof of Stake (PoS) validators use significantly less electricity than traditional blockchain mining methods, and Polygon carbon footprint plans are outlined in its Green Manifesto.
Polygon’s Ethereum basis has multiple benefits. Ethereum is the most secure blockchain available. It also allows Polygon to bridge multiple chains, opening up more opportunities for investors in a range of different crypto currencies.
The finance industry is often reliant on manual processes, increasing the likelihood of errors. With Polygon, users enjoy traceability, transparency, and efficiency, making it the future-proof solution modern users need.
In a receivables financing industry slowed down by legacy technology, Avalon Marketplace seeks to eliminate these inefficiencies. It will join 37,000+ other projects already building on Polygon, which will undoubtedly open it up to new solutions and ideas in the future.
Additionally, Avalon Marketplace aims to enable complex transactions for receivables that are currently managed manually or badly on spreadsheets. This will eventually include peer-to-peer and secondary market transactions, fiat and stablecoin transactions, and syndication of receivables.
Working with Polygon will further support Avalon Marketplace’s goal to provide small businesses with easier access to cash flow. The technology has the potential to make every transaction more secure and lower-cost.
About Crowdz
Crowdz is a Fintech company focused on helping small businesses (SMBs) reclaim the future. We are building a business capital platform that offers an alternative finance solution for businesses so they can accelerate their cash flow. Invoices are at the heart of everything SMBs do. They impact hiring, buying products, and scaling growth.
In 2021, through a strategic collaboration with Meta (formerly Facebook), the Crowdz platform hosts the Invoice Fast Track program, which has already provided over 300 minority-owned businesses with more than $50+ million in capital. Its latest partnership with UK-based Angels Den Finance Program will also seek to fund £20m for innovative registered startups in its network of UK and EU. Crowdz has raised $25.5 million from investors including Citi, Barclays Bank, EGX, BOLD Capital Partners, Global Cleantech Capital, and Augment Ventures.
About Avalon Marketplace
Avalon Marketplace is Crowdz’s decentralized marketplace that bridges receivables finance to the Decentralized Finance (DeFi) world. Avalon Marketplace gives small businesses more financial flexibility by allowing them to sell receivables on a revolutionary new blockchain-based platform. On-chain technology increases security and efficiency and solves cash flow problems for business owners. Each receivable is recorded on the blockchain using an NFTr (NFT for receivables), which could open up access to the receivables asset class to a much broader slice of investors.
Read Avalon Marketplace White Paper.
About Polygon
Polygon is the leading blockchain development platform, offering scalable, affordable, secure and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with 37,000+ decentralized applications hosted, 1.6B+ total transactions processed, 142M+ unique user addresses, and $5B+ in assets secured. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.
