Sivo DeFi: Trade tokenized revenue obligations from small businesses.

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Frequently asked questions

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What are RPAs?

An RPA (Receivable Purchase Agreement) is a financial agreement where a business sells its future receivables, such as invoices or payment streams, at a discount in exchange for immediate cash flow. It provides businesses with liquidity without taking on debt, making it an efficient tool for managing short-term expenses and fueling growth.

How big is the receivable trading market?

According to Grand View Research, the global factoring services market, which encompasses the trading of receivables such as invoices, was valued at approximately $4.19 trillion in 2023. The market is projected to grow at a robust compound annual growth rate (CAGR) of 10.5% from 2024 to 2030, reflecting the increasing demand for alternative financing solutions across industries.

Are receivables traded today?

Yes, receivables are actively traded today, primarily through Web2 platforms like factoring and invoice trading. Businesses sell unpaid invoices at a discount for immediate cash flow, helping manage working capital. Platforms now finance SaaS billing agreements, and Micro Connect has advanced the concept by enabling small businesses in China to trade micro-receivables like daily revenue obligations, backed by a $200M debt facility from HSBC.

What is Sivo's goal in this sector?

Sivo's goal is to become the leading network for tokenized global receivable trading. We believe DeFi infrastructure makes trading receivables more efficient, and by leveraging this technology, we aim to unlock liquidity for small businesses worldwide. At the same time, Web3 participants gain access to a proven asset class offering market-leading returns. Sivo is launching the network as a decentralized application (dApp) on Base, with plans to expand to our own Layer 2 (L2) solution in the future.

Who is Sivo?

Sivo is a debt capital provider backed by Y Combinator—the renowned startup accelerator that has supported companies like Coinbase, Stripe, Airbnb, and DoorDash. Our team and investors have experience at leading companies such as Uber, Google, BlackRock, Airbnb, Capital One, and Lending Club.

Are RPAs considered a security?

No, Receivable Purchase Agreements (RPAs) are generally not considered securities. They involve the sale of a business's future receivables, such as invoices or revenue streams, at a discount for immediate cash. This constitutes a direct asset sale rather than an investment in the business itself, differentiating RPAs from securities like stocks or bonds. However, businesses or platforms facilitating RPA transactions should consult legal experts to ensure compliance with local financial and securities regulations.

Introducing RPAs: Web3's $3 trillion real-world asset

Frequently asked questions

..or connect via live chat, Discord, or Telegram—we’d love to hear from you!

Introducing RPAs: Web3's
$3 trillion real-world asset