Transparency and automation are much needed in Invoice financing. Invoice financing is a huge market where the digital invoice is generated as of now on the centralised system where trust and authenticity issues are there along with lots of manual work.

What it does

One-stop solution Xeggo can quickly solve this. Invoices are digitally generated on a chain, and payments are made on the stable coin. There are a number of benefits of doing so like:

  1. Transparency issue resolved when onchain invoices are generated.
  2. Stablecoin provides more comprehensive and open market participation with a better economic model.
  3. Automation can be done at max when invoices are generated onchain like partial/stream payment.
  4. It can be easily used for the next step of invoice factoring

Xeggo Invoice also runs on 4 different networks - Celo, Polygon, Cronos and Gnosis

Challenges we ran into

There are some networks where Moralis and subgraph weren't supported like Cronos and gnosis chain.. The rest of the things were fine.

Accomplishments that we're proud of

  1. Deployed multichain solution
  2. Integrate our UI, backend and contract.

What's next for Xeggo Invoice

  1. Release on main net
  2. Apply for grants

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