Why we invested in Request Finance

Request Finance helps you track, verify, and organise all your crypto payments in a single dashboard which is connected with all the tools you use daily. They are solving four key problems that CFOs of Web3 companies face daily.

1. No paper-trail for daily payments
2. Already sent money by mistake because copy/paste was incorrect
3. Hard to reconcile payments
4. Auditing crypto wallets is a nightmare

Turn your spend management into a fast, secure and compliant machine. A suite of financial tools designed to make your CFO life easier.

1. Accounts Payable - Streamline your crypto accounts payable process. Finally, a single platform to manage your Web3 business payments, whether you have 1 or 10,000 APs per month.
2. Accounts Receivable - Send your first invoice in minutes, get paid in crypto. Request Finance enables you to create invoices & get paid in crypto in a compliant way.
3. Payroll - Automate your crypto payroll now. Request Finance enables you to create and pay salaries & bonuses in crypto the easy, secure & compliant way. All in one place.
4. Expenses - Easily manage your business expenses in crypto. Request Finance enables you to reimburse your employees' expenses in crypto in a simple, secure, and compliant manner - All in one place.

Supercharge your web3 business with their API

• Accept cryptocurrency payments
• Issue invoices automatically
• Track your invoices within your own tools

Choose between over 200+ crypto wallets

• Make your payments using the wallet that suits your needs the best
• Find your preferred wallet below

Request Finance in Numbers Summary:

User & Activity Growth in July 2023

?? Total registered accounts on Request Finance: 27,127.

?? Monthly active users on Request Finance: 1,872?

?? Number of crypto payments monthly: 2,072?

?? Value of crypto payments monthly: $20.7 million

?? A total of over $368 million in crypto payments have been paid through the Request Finance app since launching in January 2021.

?? Top 5 cryptocurrencies used: $USDC, $SAND, $USDT, $ANKR, $DAI

?? Top 5 chains used: Ethereum, BNB Chain, Polygon, Celo, Fantom?

The total number of crypto payments made on Request Finance stands at 40,793.

A key success indicator at Request Finance is the dollar value of crypto payments made through the app. Since January 2021, a total of over $368 million of cryptocurrency payments have been made through the Request Finance app.?

Top cryptocurrencies: USDC, SAND, USDT, ANKR, DAI

Another data point to keep track of is which cryptocurrencies are most often used on Request Finance.?USDC continues to be the most preferred cryptocurrency being used on Request Finance, accounting for about 33% of all crypto payments made by our mostly enterprise users.?USD-denominated stablecoins as a whole continue to be a popular choice for enterprise crypto payments, making up 57% of the crypto payments on Request Finance.?

The popularity of stablecoins can be explained with many of the same reasons why most people do business in fiat, rather than settling payments in shares of tech companies listed on the NASDAQ. Their stable prices make them ideal as a medium of exchange, and unit of account - two of the three defining features of money. The Sandbox’s native token, SAND comes in second, accounting for about 15% of the total invoices paid in Request Finance, followed by USDT (14%), ANKR (11.0%) and DAI (5.0%).?

You can find the full list of currencies supported in the Request Finance app here.

Top payment networks: Ethereum, BNB Chain, Polygon, Celo, and Fantom

The Ethereum network is clearly the preferred payment network, being used for about 70% of crypto payments processed through Request Finance.?BNB took second place, with about 15% of the crypto payments volume in July.? Polygon continues to grow steadily due its lower gas fees, coming in third, accounting for about 8% of transactions made through Request Finance.

I hope you can try out Request Finance today, a Draper Startup House Ventures portfolio company. You can also get up to $500 in USDC, USDT, or DAI for each qualified referral, while the new signup gets the first month of using Request Finance for free!