We’re building the first credit facility for FinTech startups. Powered by Blockchain. We’re reimagining how new FinTechs can grow and leverage capital from the ground up.
We are currently in the process fundraising, conducting customer discovery and closing our first pilot engagement.
We have an alpha product built that includes a loan originator dashboard for debt capital requests, interest/principle payments, and a transaction ledger.
We are targeting loan originators who underwrite debt in the small and medium sized business categories. This represents a $4.8T TAM opportunity globally, with the largest subset residing in the US.
Problem or Opportunity
Traditional debt capital works well for established lenders, not new FinTechs. These innovators disrupt traditional lending across domains, geographies, and embedded finance.
The number one problem for these startups is getting capital for lending. Their only option is to use their own cash on-hand or deal with cumbersome private investors. These efforts prevent them from rocket ship growth and cause operational nightmares.
Solution (product or service)
We’re building the first credit facility for FinTech startups and leveraging DeFi as a fundraising mechanism to pool together capital through Stablecoin USDC.
We have yet to identify a clear competitor operating in the US market. Goldfinch is a similar entity that operates outside of US markets. Sivo is another company that offers under-collaterized, leveraged loans over time but they were not designed to incorporate web3 concepts into their business model.
Advantages or differentiators
We will be the first entity in the US to offer debt capital to loan originators using a DeFi protocol, while providing a highly streamlined process to secure said capital using scalable, general purpose smart contracts tailored for this industry.
Our revenue will be sourced from the interest spread between loans we issue to originators, and the crypto-capital raised from our DeFi Protocol
Dolo Finance's primary business revolves around delivering undercollaterized, leveraged debt capital to loan originators seeking fiat. The financial backbone of this capital will be provided through a DeFi protocol mechanism backed by Stablecoin USDC (circle) and favorable APY yields.
Money will be spent on
Building our team, prototype, and enabling rollout of pilots with customers.
Regulatory | Given the nascent stage of this industry, regulatory guidelines may evolve over time. To mitigate this threat, we are working with highly experienced lawyers to develop guardrails against regulatory scrutiny for the long run.
Volatility in Crypto | While cryptocurrency and blockchain technologies remain a hot topic of today, it's investors and active participants bear the inevitable cost of volatility and sentiment fragility that remains in the market at this time. Because we are primarily operating with stablecoins, we believe we will largely remain immune to unpredictable market swings.
Won the competition and other awards
Finalist in Unicorn Pitches - FinTech Startup Battle, Feb 22, 2022