Yumi Finance offers a fully onchain “buy now, pay later” solution. We handle underwriting, financing, loan origination, and servicing of bad debt.
We take all the counterparty risk and unlock a range of possibilities:
Yumi Finance is partnered with a spectrum of stakeholders, including crypto cards (Ether.Fi Card, Holyheld, coca, Avalanche Card) and crypto payment service providers (OKX Pay, InfiniX).
Through our SDK, any merchant or crypto payment gateway can offer crypto BNPL to their customers. This cuts BNPL fees from the 4%-8% that Klarna or Affirm charge to just 2.5%-3%. At the same time, user experience remains as smooth as with Klarna - users see the familiar "Pay in 4" screen, then only have to connect their wallet/bank account or sign in with Yumi if they are an existing user.
Only 6% of B2B purchases are digital, yet B2B e-commerce volume is 5x that of B2C and is projected to reach $1T by 2030. Businesses are increasingly turning to crypto to escape slow, expensive traditional payment rails and access a global customer base with instant settlement. Our onchain BNPL enables risk-free and, more importantly, truly global point-of-sale financing for the sellers, as Yumi takes on all the risks. This drives higher conversion, larger average order values, and faster sales cycles. For buyers, it provides flexible payment terms and better liquidity management - all without borders or intermediaries.
All crypto cards today are exclusively debit; however, the demand for crypto-native credit has been growing. There are fewer and fewer un- or underbanked people, but democratizing access to credit remains a challenge, particularly because of difficulties in underwriting thin-profile individuals. We offer infrastructure for crypto cards to issue credit cards backed by users' onchain credit profiles and uncollateralized loans. We are targeting an average default-adjusted APR of 14% for credit card interest. Leveraging zkTLS allows us to access exotic data sources and underwrite thin-profile individuals in emerging markets. Yumi handles everything under the hood - from underwriting to loan origination and servicing, enabling seamless and riskless integration for any partner.
With zkTLS, we’ll be able to access almost any exotic data source previously unavailable in Web2 underwriting—police records, employment history from freelance websites, tax filing data, student status, etc. Yumi will develop a comprehensive, open-source standard for an onchain credit profile that other protocols can integrate to have more interoperability. Every protocol will be able to assess all of the user’s credit history and data, reducing phantom debt and default rates. Using spending data, we’ll be able to offer discounts, targeted promotions, cashback, and other quality-of-life campaigns. More importantly, it will allow us to create a tangible, comprehensive business case for the merchants - showing how much people already spend with them using crypto debit/credit cards, and nudging them to integrate end-to-end BNPL functionality to offer interest-free loans for customers, while saving on merchant fees.
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