Paypie is launching its beta April 30th just one day before Populous.
Paypie is a decentralized accounting platform that has a credit risk algorithm. The accounting of a business is scanned and the businesses is given a credit risk score that can be purchased with PPP tokens. The populous platform also allows for peer to peer invoice financing with the added value of this credit score. .
I think Paypie has the potential to become the Moody's of the blockchain. However I don't see it being a huge threat to Populous because its major focus is the credit score. Because Populous is solely focusing on invoice lending I think there is room for both of them in the space.
In addition, the customer acquisition model that Populous has is different than Paypie. Steve Nico Williams the CEO of Populous mentioned in an interview with Clif High that they use 1500 data points collected on current businesses using invoice financing. They scrape public data of companies and compare these data points. With the similarities or differences they can tell what firm will need financing in six to twelve months and accurately target those business with advertising.
I see these firms as the Pepsi and the Coke of invoice financing for the blockchain. There could be more competitors, but I am not aware of them. I am a big fan of Populous and I think the Populous platform has a currently undervalued token price.
This is not financial advice.
Peace
Love
Happiness
Wonder
Freedom