Purchase Order Financing
GI partnered with BNP Paribas, first bank to grow its customer base and banking revenues as well as ROE by financing purchase orders of vendors on Internet.
We finance purchase orders of merchants on marketplaces together with big banks
GI invented, designed, and built a new financial business activity, a Networked Finance Business between banks and marketplaces.
In Europe, GI operated the Purchase Order Financing business together with banks such as BNP Paribas.
We used data from marketplaces, merchants, and data from the Web to extract single purchase orders and score in real-time marketplaces, merchants, products, categories, and orders.
Depending on the eCommerce and financial data, GI calculated many credit scores in real-time. Depending on these credit scores, orders were financed or not, with different commission and service fees.
- The marketplaces and merchants grew the GMV and their revenues
- The final customers got better prices as the merchants can get better discounts on volumes and payments from suppliers and manufacturers
- The bank could grow its revenues and customer base
- GI received revenues & redistributed through the Fair Business Deal Innovation Foundation