re:factor

Peer-to-peer factoring platform

Technological platform re:factor is based on the public blockchain Ethereum. The platform enables all parties in interest to carry out large-scale effective operations having trade receivables worldwide.

Ended

2018/03/01 - 2018/04/30
ICO
re:factor
Token
REFT
PreICO Price
1 REFT = 0.05 USD
Price
1 REFT = 0.1 USD
Platform
Ethereum
Accepting
BCC, BTC, DASH, ETH, LTC, XMR
Bounties
Available
Bonus
Available
Min. investment
5 REFT
Soft Cap
715,000,000 REFT
Hard cap
1,000,000,000 REFT
Country
Russia

Technological platform re:factor is based on the public blockchain Ethereum. The platform enables all parties in interest to carry out large-scale effective operations having trade receivables worldwide.

The rerfactor system can be described as 4D Factoring, because on the platform, you can:

  • – sell,
  • – buy,
  • – pledge,
  • – transfer in trust trade eceivables.

On the re:factor platform:

  • buyers and sellers conduct factoring operations and work with accounts receivable online, without intermediaries, with no reference to a specific country or to a bank, while maintaining maximum transparency and security in all operations.
  • is a complete replacement of paper documents to electronic document circulation;
  • clients and debtors receive three main benefits: tangible improvement in terms of funding; a decrease in the cost of paperwork and storage of documents; protection of information.

The first benefit is reduction of time from delivery of the goods to obtaining financing. Often this can take days to put in place; with the rerfactor platform the payment is effected within a few hours of the goods being confirmed as received by the buyer.

The second benefit of re:factor is saving money on record keeping and storage of documents. Such costs are rarely taken into account in a company but in fact are a tangible expenditure. By way of example, one major retailer, after considering the costs of paper documents circulation and contrasted the cost of the electronic documents circulation, even taking into account the creation of an Internet platform of exchange of documents with suppliers, has moved to electronic documents, reducing expenses on a single document of A4 size by more than 60%.

One of the key benefits of re:factor is providing 100% protection of information storage on executed operations, through the use of blockchain technologies. For investors this gives protection of their interests on the platform, due to the decentralized data storage system that makes it possible to avoid fraudulent actions on behalf of all parties to the transaction, and further falsification of information; for suppliers and buyers it is ability to store and learn from the results of their transactions, to form their own large-scale statistics for the re:factor platform to further improve the model of evaluation and analysis of counterparties and transactions.

The re:factor team has brought together the best international specialists in factoring and financial markets, whose unique competences will be used in the following areas:

  • assessing the quality of trade receivables in different industries and countries;
  • automation of processing millions of transactions related to receivables management;
  • creating a demand for products and services related to receivables.

The project will develop the following business areas:

  1. COMFIN (commercial finance) – the international factoring company.
  2. CROWDFACTOR (peer-to-peer factoring) – the international P2P factoring platform.
  3. RTP (receivables trading platform) – the international Exchange of receivables.
  4. STRAM (Services on Trade Receivables Assessment and Management) – the international service platform for financial institutions which use receivables as collateral for credit risks.

All streams are based on a single set of competences, are focused on different target audiences and create a diversified business that supports the investment attractiveness of re:factor.

Team Members

Mikhail Treyvish
CEO

 

Elena Trakhanova
CBDO

 

Margrith Lutschg-Emmenegger
BUSINESS DEVELOPMENT PARTNER

 

Andrey Otmakhov
CTO

 

Stanislav Puschtorskiy
CCO

 

Vyacheslav Sokoltsov
CAO

 

Mikhail Knyazev
IR & BUSINESS DEVELOPMENT

 

Mikhail Treyvish
CEO

 

Elena Trakhanova
CBDO

 

Margrith Lutschg-Emmenegger
BUSINESS DEVELOPMENT PARTNER

 

Andrey Otmakhov
CTO

 

Stanislav Puschtorskiy
CCO

 

Vyacheslav Sokoltsov
CAO

 

Mikhail Knyazev
IR & BUSINESS DEVELOPMENT

 

Advisors

Dennis Firmansjah


 

Chris Barrett


 

Sergei Sergienko


 

John Brehcist


 

Joseph Lufkin


 

Marius Savin


 

Ralf Bauer


 

Dennis Firmansjah


 

Chris Barrett


 

Sergei Sergienko


 

John Brehcist


 

Joseph Lufkin


 

Marius Savin


 

Ralf Bauer


 

February 2, 2014

The birth of mankind

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February 2, 2014
May 10, 2015

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

May 10, 2015
June 21, 2016

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

June 21, 2016
Mar 2018
• Token issue and ICO
• Creating and registering a holding company and central key operating companies.
• Beginning to form the services of risk management and audit as well as an analytical center.
• Selection and training of candidates for country managers in Asia.
• Test drive of the software.
Mar 2018
Jun 2018
• Launch of factoring company in CIS countries and Asia; CROWDFACTOR platform alpha version.
• Protection of business plans by candidates for country managers. Selection of the first 2-3 countries to start the project. Registering of relevant companies (if needed).
• Selection and training of candidates for country managers in Central and South America as well as South-Eastern Europe.
• First pilot transactions of a factoring company.
• Opening offices in Russia and Asia for operation with the investors at the stock exchange.
• Pilot operating of the p2p factoring platform based on a factoring company in one of the countries.
Jun 2018
Sep 2018
• Launch of CROWDFACTOR platform in focus countries, RTP platform alpha version.
• Pilot operation of the receivables exchange.
• Issue of the originated receivables to the exchange.
• Protection of business plans by the next party of candidates for country managers and opening of 2-3 more factoring companies.
• Selection and training of candidates for country managers in Central and South America as well as South-Eastern Europe.
Sep 2018
Dec 2018
• Launch of RTP platform in focus countries; establishment of branches in US, EU and Latin America; launch of STRAM.
• Selection and training of candidates for country managers from African countries.
• Implementation of service of trust management of the investors’ funds by investing them into cryptocurrencies and receivables on the exchange and the P2P platform.
• Beginning of functioning of the service for financial institutions.
• Opening an office in North America to work with investors and suppliers.
Dec 2018
Mar 2019
• Opening of 2-3 more factoring companies.
• Extension of the p2p factoring platform onto all the countries, where factoring companies have been opened before (further it will be done automatically).
• Start of sales aimed at the suppliers of non-factorable goods and services with the purpose of issuing of their receivables portfolios.
Mar 2019
Jun 2019
• Opening of an office in North America to work with investors and suppliers.
• Start of sales in Europe among the suppliers of goods and services with the purpose to attract them to the exchange.
• Start of sales of services to secure the receivables portfolios.
Jun 2019
Sep 2019
• Opening of 2-3 more factoring companies.
• In total not less than 10 factoring companies in the key major developing markets with the P2P platform already operating on them, generating receivables in these 10 countries for the investors all over the world.
• Start of cooperation with the willing factoring companies all over the world to reprofile them into the p2p platform according to the re:factor standard.
Sep 2019
Dec 2019
• Progress review for the two-year development and formation of a development strategy for the new period.
Dec 2019