PayBlok: Supply Chain Financing on the Blockchain by InstaSupply.

Key metrics

  • 2300

    Businesses currently using our platform.

  • 2015

    The year our platform was launched.

  • $60,000,000+

    The total value of transactions handled annually by our platform.

  • $20 Trillion +

    The annual amount of SMB invoices that can benefit from financing, worldwide.

The PayBlok token pre-sale starts soon

Register now to receive exclusive access to the pre-sale when it is announced.

Register for the PayBlok whitelist

Lee Pruitt (CEO @ InstaSupply) presenting PayBlok at the Blockchain Alternative Investment Conference in London

The InstaSupply platform

Aiming to improve how quickly businesses pay and get paid, InstaSupply is a cloud platform which allows businesses to track and control spend across suppliers. We bring together purchase ordering; approval workflows; budget control; delivery tracking; supplier and product management; secure invoice and credit document storage and data collection; accounting reconciliation; and payment control.

A sizeable problem

Small businesses have $20T+ in outstanding receivables, take an average of 60 days to get paid, with 50% still paid late. Options for solving these challenges are expensive and limited, but InstaSupply is already involved in tracking and reducing this kind of issue.

A working solution

The InstaSupply platform is already supporting the trade of over 2300 businesses, and is growing daily. By allowing businesses to match purchase orders to deliveries, and finally to invoices, we provide them with an opportunity to control which invoices should be paid, and which require further investigation. What's more, with our Payment Run product, businesses can group together the approved invoices, apply any outstanding supplier credit, and generate a list of payments to be made to suppliers through their traditional banking services.

Screenshot of the InstaSupply platform

Media coverage

    Taking the tokenization of trade finance to its logical conclusion, Lee Pruitt, the CEO of ethereum-based startup InstaSupply, said the whole process can be opened up so that banks are no longer required to loan money against invoices.
    InstaSupply keeps all your invoicing ducks in a row.
    The Amazon Of B2B, InstaSupply, Aims To Run A Full Blockchain Transaction Paid For In Cryptocurrency
    The company is looking at blockchain technology to streamline invoice payment, purchase orders and other procurement necessities.
    Regardless of the size of your business, it’s crucial that you know how to identify and eliminate instances of fraud

Lee Pruitt as panellist @ London Fintech Week - 11th July 2018

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InstaSupply CEO Lee Pruitt was on panel that discussed Blockchain in Finance & Enterprise.

He was joined on stage by Stewie Zhu (Distributed Credit Chain),Vikram Kimyani (Oracle), Ajit Tripathi (ConsenSys) and Ben Wyeth (Royal Bank of Scotland)

Lee Fintech week panel

Tim Huegdon as panellist @ London FinTech Week - 11th July 2018

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InstaSupply CTO Tim Huegdon was on a panel discussing the future impact of Blockchain on our society and the growth factors involved.

He was joined on stage with Daniel Doll-Steinberg (Atari.Token), Adam Stradling (BitcoinCom) and Ashley Fox (SW England & Gibraltar MEP).

Tim Fintech week panel

Lee Pruitt interview with Proactive Investors Stocktube - 10th July 2018

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Lee Pruitt was interviewed on Youtube Channel Proactive Investors Stocktube, presenting InstaSupply's solution for helping businesses get paid faster.

Lee Pruitt as panellist @ Techcrunch Sessions Blockchain - 6th July 2018

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InstaSupply hosted a discussion panel where Lee Pruitt, Michael Jackson (Mangrove Capital Partners), Jamie Burke (Outlier Ventures) and Joon Ian Wong (CoinDesk) discussed how crypto assets are the real financial innovation.

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Lee Pruitt as panellist @ The Europas - 3rd July 2018

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Lee Pruitt joined a panel discussing tokeneconomics, alongside Thomas Graham (CEO @ TLDR Capital) and Ami Ben David (Co-Founder and Managing Partner @ SPiCE Venture Capital).

Lee Pruitt as panellist @ Blockchain Summit London - 27th June 2018

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Lee Pruitt joined a panel discussing the short and long term potential for #cryptocurrencies.

With him on stage were Matthew Farrar (BBC), Mehrak Hamzeh (CryptoFuse), Gurvinder Ahluwalia (Beyond Protocol) and moderator Bob Keith of Crypto Disrupt.

Fireside chat - Lee Pruitt & Gurvinder Ahluwalia @ Blockchain Summit London - 27th June 2018

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Lee Pruitt (CEO @ InstaSupply) & Gurvinder Ahluwalia (COO @ Beyond Protocol) discuss the place of crypto assets within blockchain.

The discussion focuses on the opportunities for using Distributed Ledger Technology for asset tokenization, beyond the typical use of DLT as cost-cutting efficiency play.

Lee Pruitt as panellist @ Blockchain Alternative Investment Conference - 19th June 2018

BAIConf
Lee Pruitt takes part in the panel "Peering into the future: revolutionary Fintech Applications on the Blockchain", alongside Olga Feldmeier (CEO @ Smart Valor), Jonathan Chang (CEO @ Nauticus) and moderator Joon Ian Wong (Managing Director @ Coindesk).

Tim Huegdon as panellist @ Blockchain Economic Forum panel - 18th June 2018

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Tim Huegdon was on a panel discussing investments and value drivers of the Blockchain economy.

Joining him in the discussion were Kevin Ding (DHVC), Adam Draper (BOOST VC), Dinis Guarda (LIFESDNA), Croom Beatty (MENLO VENTURES) and Luke Lombe (PLAYUP).

Tim Huegdon presenting InstaSupply @ Blockchain Economic Forum - 18th June 2018

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Tim Huegdon presents InstaSupply and the PayBlok token at the Blockchain Economic Conference in San francisco.

Lee Pruitt as panellist @ BlockShow Europe - 28th May 2018

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Lee Pruitt presents InstaSupply and the PayBlok token at Blockshow Europe in Berlin

The InstaSupply team

Tim Huegdon

Co-founder and CIO/CTO

Tim has over 17 years experience working as a senior web software leader and developer. His work history includes upper managerial technical positions at Amazon, Yahoo! UK, Betfair, as well as Rentokil Initial.

Lee Pruitt

Co-founder and CEO

12 years commercial experience selling B2B ecommerce and eprocurement solutions. Lee led global B2B eprocurement solutions for Grainger (the world’s largest B2B e-retailer) and started Tizaro, the largest online European ecommerce B2B distribution.

Neil Crosby

Head of Technology

Neil has 11 years of software development and managerial experience. His professional career began at Mintel, and has since included other leading global brands such as Yahoo! UK, the BBC and Amazon.

Michael Davies

Chief Technical Architect

Mike has 19 years of software development experience. His career has lead him through a number of global brands, starting with IBM, before moving on to Legal & General, Yahoo! UK and Amazon.

Jonny Ford

DevOps Engineer

Jonny has over 10 years experience in server and database management for large global brands such as AKQA and J Walter Thompson.

Peter Featherstone

Software Engineer

Peter has been coding since he was 14 years old, and professionally for the past 6 years. He is an active member of the blockchain community.

Lee Jordan

Head of User Experience

With 17 years experience as a web developer and user-experience specialist. He is a passionate front-end developer that has worked mostly with start-ups throughout his career, with the exception of the time he spent as a software engineer at Amazon.

Marcus Raphael

Head of Business Intelligence

Marcus has 8 years in procurement for large companies in several industries including consultancy, mining, and telecommunications. At InstaSupply he focuses on analyzing trends and surfacing valued data captured within InstaSupply.

Martin Coxall

Digital Marketing Director

Martin has over 10 years experience in digital marketing, amongst companies ranging from E-commerce, to marketing consultancy, and B2B services. All of these experiences have been with start-ups, driving high growth through performance optimization.

Bruno Valerio

Product Manager

Bruno has 4 years of experience in procurement, which has been equally spent in startups and in multinational companies. At InstaSupply, he analyses data and deals directly with customers, continuously aiming to improve the system.

Isaac Adako

Customer Success Manager

Isaac has 5 years in customer facing and satisfaction roles within the digital space. His knowledge of digital transformation gives him an edge in understanding what customers want to achieve and how technology can help them get there.

Suravi Saha

Customer Success Associate

Suravi has over 3 years experience in customer success and customer management within the banking industry. At InstaSupply she manages all third-party technical partners.

Subarna Saha

Customer Success Associate

Subarna's background in Computer Science and Engineering enables her to understand the InstaSupply platform inside and out. Her added experience and knowledge in digital marketing means she has the expertise to optimise relationships with customers.

Chris Entress

Sales Executive

Chris has over 4 years Sales and Account Management experience within the B2B space, consultatively addressing businesses problems and finding solutions to match.

Amara Wyatt

Graphic Designer

Amara has 3 years experience in digital and print-based design. At InstaSupply she optimizes user experience by creating intuitive user interfaces.

Our advisors

Riaz Shah

Investor & Director

Riaz is both chairman of the board and senior partner at EY (the global professional services firm) where he is currently responsible for the learning and development of over 70,000 people.

Mark Evans

Investor & Advisor

Mark is a veteran investor having served as Managing Director of Goldman Sachs, General Partner of Balderton Capital (previously Benchmark), and is founding LP partner at Kindred Capital.

Mark Hodges

Tax Account

Mark serves as the appointed accountant for InstaSupply and has 25 years experience in dealing with tax, VAT issues, and company due diligence.

Sarah Lane

Company Lawyer

Sarah has over 20 years experience in tax and legal matter for corporate entities such as KPMG and EY. She advises on a wide range of tax issues in finance and capital markets, funds, property and technology.

Token distribution

Token sale details

  • Symbol: PBLK
  • Total number of tokens: 250,000,000
  • Hard cap: $15,000,000 USD
  • Soft cap: $5,000,000 USD

Token allocation

  • 60% Token sale (150,000,000)
  • 13% Blocked for future use (32,500,000)
  • 18% Company, Team and Advisors (45,000,000)
  • 5% Reserved to incentivize the economy - airdrop (12,500,000)
  • 1% Affiliate | Referral Program (2,500,000)
  • 3% Bounty Program (7,500,000)
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Roadmap

June 2018

  • Begin pre-sale of PayBlok tokens to key individuals and early registrants.

July 2018

  • Open main sale of PayBlok tokens.

Q2 2018

  • Begin application for regulation and compliance in order to be a fully regulated global business bank and lender.
  • Begin applications for inclusion of PayBlok on third-party token exchanges.
  • Upgrade InstaSupply architecture to support full payments.

H2 2018

  • Build out of InstaSupply team to develop, support, market, and sell the extended product.
  • On-going development of new features.

Q1 2019

  • Deliver integrated payment gateway for receipt and delivery of fiat currency between buyers and suppliers.
  • Deliver PayBlok wallets in the InstaSupply platform.
  • Provide full in-platform payment runs.

Q2 2019

  • Provide transfer-in of PayBlok tokens to InstaSupply wallets.
  • Start providing PayBlok rewards to buyers and suppliers.

Q3 2019

  • Provide purchase of PayBlok within the InstaSupply platform.
  • Provide Supply Chain Financing and Asset-based Lending

Q4 2019

  • Provide transfer-out of PayBlok from InstaSupply wallets.
  • Provide cash-out of PayBlok tokens within InstaSupply.

2020 and beyond

  • Further development of the PayBlok token as a reward within InstaSupply.
  • Delivery of more regulated financial services for businesses.

Buy PayBlok

Access to the pre-sale of PayBlok tokens is restricted through a whitelisting process.
Please fill out the form below in order to register for our whitelist and obtain access to PayBlok token pre-sale.

Frequently Asked Questions

What problems does PayBlok aim to solve?

PayBlok is a token aimed at solving small and medium size business cash flow problems by offering an early payment function on top of the existing features within the InstaSupply platform, which currently connects buyers and suppliers, matching purchase orders, deliveries, and invoices.

What is supply chain finance?

Supplier finance optimizes cash flow for businesses by lengthening their payment terms to their suppliers while providing the opportunity for suppliers to get paid early using third party funding.

How do I participate in the token sale?

Participating in the token sale can be achieved through 3 easy steps:
1. Register.
2. Apply for the whitelist and provide your ether wallet details.
3. Wait for whitelist approval confirmation (via email) and receive a hyperlink to the sale.

How can I pay for tokens in the sale?

You can currently purchase tokens in our sale with the following means of payment:

  • Pay via bank transfer/wire transfer (our bank account is based in the UK). All transfer fees must be paid by the customer purchasing tokens.
  • Pay in selected cryptocurrencies via Coinbase (currently accepting: bitcoin, ethereum, litecoin).

Important: InstaSupply reserves the right to amend the means of payment above without notice.

Who is able to purchase PayBlok tokens?

PayBlok can be purchased by buyers who have been pre-qualified by InstaSupply.

Is PayBlok an ERC20 Token?

Yes. PayBlok tokens operate on the Ethereum blockchain.

When will PayBlok tokens be listed on exchanges?

Our intention is to have PayBlok listed on selected exchanges 120 days after the sale.

When will the tokens be issued?

We will issue tokens to buyers within 24 hours of a purchase being approved.

Not finding the answer you need?

Read more in our Help Site