1500 Warehouses
2 Million MT Capacity
5 Lenders
$650M+ Commodities Tokenized
$12 Million in Online Loans
1500 Warehouses
2 Million MT Capacity
5 Lenders
$650M+ Commodities Tokenized
$12 Million in Online Loans
1500 Warehouses
2 Million MT Capacity
5 Lenders
$650M+ Commodities Tokenized
$12 Million in Online Loans
1500 Warehouses
2 Million MT Capacity
5 Lenders
$650M+ Commodities Tokenized
$12 Million in Online Loans
Whrrl is a B2B2C Blockchain PaaS startup working in the arena of Warehouse Receipt Finance that helps Farmers, Traders & Producer Companies in raising working capital to tide over lengthy crop cycles ranging from 6-12 Months.
Warehouse Receipt (WHR) Lending is one of the most
innovative and oldest lending product, been in vogue since Mesopotamian times. It's a
system of financing working capital to Farmers, Commodity Traders and Producer Companies
against their commodity stock deposited in warehouses and pledged with the lenders.
The uniqueness of Whrrl's products comes from combining benefits of IoT with Blockchain and Smart Contracts. Some of the unique features are:
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Frauds like Multiple Lending & Fake Receipts have plagued this sector for long . By creating an immutable database of Collateral's ownership, Blockchain helps in eliminating instances of fraud.
Currently the lenders are dependent upon Collateral Management Agencies for reporting on continuous existence and monitoring of collateral quality which carries risk of collusion driven fraud. Our IoT led approach shall monitor Collateral for weight, movement, quality, etc. on a realtime basis thereby reducing dependence on manual inputs.
The Smart Contract enabled lending platform automatically executes certain transactions if certain conditions are met. Some examples can be Automated Approval, System Driven Margin Calls, Charge Creation/Vacation, Loan Transfer among others.
Winner of most promising startups award from DCB Bank
Winner of PICUP Fintech Awards 2020 by FICCI and Indian Banks' Association
FICCI Best Startup Award in the application of Digital Tech-2021
Chiratae Ventures reveals the names of 19 startups
Binance Top 2 out of 300+ global teams, 2021
ETHDenver Impact Bounty Winners, 2021
Banking Frontiers Technoviti Award, 2021
Innovation in Fintech Awards by FIIA, 2021
