COLOSSEUM IDEATHON · SUPERTEAM UKRAINE
Avans
Instant, reputation-backed cash advances on unpaid invoices for cross-border freelancers and small exporters — settled in stablecoins on Solana.
SECTOR
Onchain Credit / PayFi
TRACK FIT
Stablecoins · DeFi · Consumer
STAGE
Concept → MVP
Prepared for the IdeaGen Ideathon | September 2026
THE PROBLEM
Cross-border freelancers get paid on Net-30/60 terms — but they live on daily expenses.
No collateral, no credit file
Banks and factoring firms require years of financial statements or hard collateral that self-employed people and micro-exporters don't have.
PayFi is wholesale, not self-serve
Huma, Credible and RWA-lending rails are integrated by platforms and institutions — a solo contractor can't factor a single invoice directly.
Currency & banking friction
In markets with capital controls or weak banking rails (Ukraine included), turning a foreign payment into usable local cash is its own slow, costly problem.
Who feels this first: a freelance developer, designer, or small IT/export studio invoicing foreign clients directly or via Upwork / Fiverr / Deel.
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WHY THIS, WHY NOW
Solana's onchain-credit rails already work at scale. They just aren't built for the individual holding the invoice.
$2.8B+
Solana RWA value, all-time high (May 2026)
$16B+
Stablecoin supply on Solana
$11B+
Cumulative PayFi volume processed by Huma Finance
$350M+
Payment volume moved by Credible Finance in 5 months
The gap: institutional PayFi rails on one side, and the freelancer/SMB needing a $200–$5,000 advance on the other. Avans fills it.
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THE SOLUTION
From unpaid invoice to cash in your bank — in four steps.
1
Tokenize
Freelancer's invoice is minted as a compressed NFT receivable, timestamped onchain.
2
Underwrite
Onchain reputation + zkTLS-verified platform data score the request in seconds.
3
Advance
80–90% of invoice value paid instantly in USDC from a Solana lending pool.
4
Settle & cash out
Client payment auto-repays the pool; balance is off-ramped to local currency.
Solana stays the settlement rail underneath — the user only sees “advance my invoice, get paid to my bank.”
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TARGET AUDIENCE
First user: a freelancer already invoicing foreign clients today.
Ukrainian (or CEE / LatAm / African) freelance developer or designer
Bills international clients $500–$3,000 per invoice on Net-30/45 terms, via Upwork, Deel, or direct contract.
THEIR WORKFLOW TODAY
1
Delivers the work, issues an invoice, and waits out the full payment term.
2
If cash is needed sooner: an informal high-interest loan, selling crypto at a loss, or a P2P OTC desk once funds finally land.
3
No portable proof of reliability — every new client or lender underwrites them from zero.
Expansion: small export SMBs (IT studios, agri-exporters) with recurring foreign receivables.
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TECHNICAL APPROACH
Built on production-ready Solana infrastructure.
Solana + Anchor
Core lending-pool & escrow program
Bubblegum cNFTs
Low-cost tokenization of each invoice
Solana Pay
Repayment & client-payment links
USDC
Settlement & pool-denomination asset
zkTLS oracle
Verifiable platform data, no credential custody
Off-ramp partner API
Stablecoin → local bank / card cash-out
Hackathon-scope MVP: tokenized invoice + one fixed-rate pool, manual verification, Solana Pay repayment, simulated devnet off-ramp.
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BUSINESS MODEL
Four revenue streams, one repayment flywheel.
Origination fee
1–3% of invoice value per advance, priced by onchain risk tier — below the 3–5% typical of traditional factoring.
Rate spread
Spread between the borrower rate and LP yield — the same model PayFi protocols like Huma already validate.
Off-ramp fee
Small conversion fee on USDC-to-local-currency cash-out, shared with the licensed off-ramp partner.
SMB / API tier
Premium tier for export businesses needing recurring credit lines or direct API access.
The flywheel: every repaid advance strengthens a freelancer's portable onchain reputation, which lowers their future risk pricing — driving repeat usage and attracting cheaper capital from USDC liquidity providers seeking real-world, uncorrelated yield.
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COMPETITIVE LANDSCAPE
Nobody else combines liquidity, portable reputation, and local cash-out.
EXISTING SOLUTION
WHAT IT DOES
WHERE AVANS DIFFERS
Huma Finance / PayFi
Institutional-grade financing on Solana, integrated by platforms & fintechs.
Self-serve, mobile-first, sized for $200–$5k micro-tickets.
Traditional factoring fintechs
Serve registered businesses with formal credit history, mostly in developed markets.
Serves the unbanked/underbanked freelancer segment; settles in minutes.
Informal P2P / OTC desks
Help convert already-received foreign payments into local currency.
Solves the cash-flow timing itself, plus a portable reputation layer.
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FEASIBILITY & ROADMAP
Every component is production-ready today.
WEEKS 1–2
Hackathon
Anchor program for invoice tokenization + one lending pool; manual underwriting; Solana Pay repayment; devnet demo with simulated off-ramp.
MONTHS 1–3
Pilot
Onchain reputation account, zkTLS data verification, live USDC off-ramp partner in Ukraine.
MONTHS 3–6
Scale
Risk-tiered multi-pool design, SMB credit-line tier, second market.
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A large, underserved wedge — in a market that's already proven the rails work.
Tens of millions of cross-border freelancers and micro-exporters worldwide are structurally excluded from both traditional factoring and today's institutional PayFi rails. Solana's RWA and stablecoin infrastructure has already proven the model at scale — Avans brings it to the person actually holding the invoice.
Avans
Instant liquidity. Portable reputation. Local cash-out. One product, built on Solana.
Superteam Ukraine × Colosseum Ideathon | September 2026
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