BullaNetwork
BullaNetwork is a Denver-based Web3 protocol company that tokenizes business receivables and finances them through decentralized stablecoin liquidity pools, primarily serving transportation, shipping, and supply chain businesses with faster, cheaper invoice financing.
- Company typePrivate
- Founded2021
- HeadquartersDenver, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
What BullaNetwork does
BullaNetwork, operated through its legal entity ArkiToken, Inc., is a Denver-based Web3 protocol company founded in 2021 that builds on-chain credit infrastructure for trade finance. The company's core product, the Bulla Protocol, tokenizes business receivables—primarily freight and shipping invoices—and routes them through decentralized stablecoin liquidity pools, replacing 30-180 day traditional payment cycles with on-chain settlement that the company claims is up to 90% faster and 50% cheaper than conventional factoring. Supporting the protocol is the Bulla Banker application, a multi-chain dApp providing invoicing, batch payments, payroll, accounting, and peer-to-peer lending across 12+ blockchain networks including Base, Polygon, Arbitrum, Avalanche, Ethereum, and Redbelly. Adjacent products include Bulla Explorer (multi-chain transaction dashboard), Transaction Importer (cross-chain data import), and FrendLend (on-chain p2p lending).
The company earns revenue primarily through the spread between yields paid to stablecoin liquidity providers (8-14% target APY, with 11% cited as a benchmark on asset-backed pools) and financing fees charged to businesses seeking working capital against tokenized receivables, supplemented by embedded fees across platform services. Pricing is freemium at the application layer and quote-based for enterprise and liquidity pool investors. Go-to-market combines self-serve product-led growth via the Bulla Banker app with enterprise sales targeting trucking, shipping, and logistics companies, plus channel partnerships. Named customers include TCS Blockchain (transportation), Taram.io (transportation management), Fundora (Web3 financial services), and Flying Diamond Beef (agriculture supply chain).
The company reports $5M+ in invoices financed with a 100% repayment rate and zero defaults over 18 months of live operations. To date, no equity funding rounds have been disclosed; the company has secured non-dilutive capital through an Arbitrum DAO grant (April 2026) and selection into the Plug and Play x XDC Network Accelerator Batch 3, and holds RMA certification from VaaSBlock. Operations are lean, with a 7-person team led by Founder and CEO Mike Revy.
BullaNetwork firmographics
Firmographics- Name
- BullaNetwork
- Legal name
- ArkiToken, Inc.
- Website
- https://bulla.network
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- BullaNetwork is a Denver-based Web3 protocol company that tokenizes business receivables and finances them through decentralized stablecoin liquidity pools, primarily serving transportation, shipping, and supply chain businesses with faster, cheaper invoice financing.
- Ownership category
- akta.pro rank
BullaNetwork industry classification
Industry- Product category
- Trade Finance Infrastructure
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (52316)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Supply Chain & Inventory/Warehouse Receipt Tokenization (FSADAEAH)
- akta.pro secondary industries
- Decentralized Lending Protocols (DeFi Money Markets) (FSADAFAB), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Lending Protocol Infrastructure (Oracles, Rate Models, Vaults) (FSADAFAN)
Keywords
Where BullaNetwork is headquartered
LocationHeadquarters
- HQ city
- Denver
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
BullaNetwork business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Others
Revenue model
- Liquidity Pool Fees: Earns fees from stablecoin liquidity pools that finance trade receivables. Investors deposit stablecoins and earn 8-14% target APY while Bulla generates revenue from the spread between cost of capital and yield paid.
- Invoice Financing Spread: Revenue generated from the spread between the cost of capital (yields paid to liquidity providers) and the financing fees charged to businesses seeking working capital against their invoices.
- Platform Services: Web3 invoicing, payments, payroll and accounting services offered through Bulla Banker app. Platform enables businesses to mint invoices, batch payments, create p2p loans and track transactions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | 8-14% Target APY for liquidity providers |
| Usage-based | Pay-as-you-go | 11.00% Target Yield on short-term asset-backed investments |
| Freemium | Monthly | Free platform access with fees embedded in pool economics |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels8 records
BullaNetwork product offering
Product offeringCore offering
Bulla Network builds an open-source on-chain credit and trade-finance protocol (Bulla FactoringV2) that tokenizes freight, shipping, and trade receivables into smart-contract invoices and finances them through decentralized stablecoin liquidity pools. Its customer-facing Bulla Banker dApp delivers multi-chain invoicing, batch payments, payroll, p2p lending (FrendLend), and accounting tools across 12+ blockchain networks, targeting both enterprises needing working capital and SMBs/individuals seeking stablecoin yield.
Product overview
BullaNetwork offers a unified two-layer product architecture: (1) the Bulla Protocol (core protocol layer), an open-source on-chain credit infrastructure that tokenizes invoices and manages decentralized stablecoin liquidity pools for trade finance; and (2) the Bulla Banker App (application layer), a multi-chain dApp encompassing Bulla Finance liquidity pools (Earn), invoice/token management (Finance), and BullaBanker (Pay and Manage) for invoicing, batch payments, payroll, and accounting. Supporting sub-products include Bulla Explorer (multi-chain transaction dashboard), Transaction Importer (cross-chain transaction import), FrendLend (p2p lending), Hybrid Invoices, and Off-chain Invoicing. All products share multi-chain support across Base, Polygon, GC, Arbitrum, Avalanche, Ethereum, and Redbelly networks.
Differentiator
Problem solved
Functional benefit
Brands
- BullaBanker: Banking and finance app enabling fast, seamless onchain invoicing, batch payments, accounting and reporting. Supports transactions across 12+ chains using any ERC-20 token.
- Bulla Explorer
- FrendLend
- TCS Factoring Pool
Products and services
- Bulla Protocol Core on-chain credit and liquidity protocol that tokenizes trade receivables into smart-contract invoices and finances them through decentralized stablecoin liquidity pools, connecting businesses needing working capital with liquidity providers seeking yield.
- Bulla Banker App (BULLA BANKER) Multi-chain invoicing, payments, payroll, accounting, and p2p lending dApp enabling users to mint invoices, make batch payments, send remittances with IPFS attachments, create p2p loans, and track transactions across 12+ chains.
- Bulla Finance (Yield / Liquidity Pools) Stablecoin liquidity pools (Earn product) allowing investors to earn 8-14% target APY by financing working capital in supply chains, with on-chain transparency and short-term lock periods up to 60 days.
- Transaction Importer First-ever multi-chain block-explorer-style import tool that automatically searches users' previous and current on-chain transactions across 12 chains and imports them into the Bulla dashboard with notes, comments, and attachments for tax reporting.
- Bulla Explorer On-chain transaction dashboard that imports, displays, and tags all wallet transactions across 13 chains in a single view, supporting custom tagging, off-chain notes, and NFT/ERC-721 tracking for tax and financial planning purposes.
- FrendLend On-chain peer-to-peer lending feature within the Bulla platform that lets Web3 businesses, DAOs, and solopreneurs create and manage p2p loans using on-chain credit scores for transparency.
- Onchain Freight Settlement (TCS Blockchain partnership product) Onchain freight settlement solution built with TCS Blockchain that tokenizes freight invoices and finances them through Bulla smart-contract lending pools for accredited and institutional investors, lowering settlement costs up to 90% and speeding settlement to 1-2 business days.
Companies that use BullaNetwork
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles4 records
BullaNetwork technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature7 records
BullaNetwork partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship, secondary and core.
- XDC FoundationflagshipSelected for XDC DeFi Accelerator Batch 3 developed in collaboration with XDC Foundation and Plug and Play. Presents at Plug and Play Silicon Valley Summit to venture capital firms, Fortune 500 companies, and institutional investors. Focus on DeFi solutions for on-chain liquidity and interoperability.
- Plug and PlayflagshipWorld's leading innovation platform (has backed PayPal, Dropbox, and hundreds of others) collaborated with XDC Foundation to launch the XDC Network Accelerator. Bulla selected as one of 11 startups for DeFi cohort focusing on trade finance solutions.
- SpectralsecondaryIntegration of Spectral's web3 credit-scoring tool into Bulla's lending solutions. Spectral generates multi-asset credit risk oracle (MACRO) scores (300-850) using on-chain transaction data from Compound, Aave, and Ethereum. The integration improves transparency for p2p lending by showing credit scores on loan agreements.
- FundorasecondaryFundora uses Bulla Network infrastructure to showcase stablecoin lending solution ahead of WYST token launch. Enables Frontier (FRNT) token-holders to access working capital faster and cheaper through Bulla's p2p lending platform.
- Taram.iocoreJoint partnership with Taram.io (AI-powered transportation management system) and Redbelly Network for transparent trade finance on-chain. The collaboration brings together Bulla's payments and liquidity pool protocol, Taram's transportation management and finance system, and Redbelly's accountable open capital markets infrastructure. Live invoice finance pool successfully deployed and funding invoices on Redbelly.
- Redbelly NetworkcorePartnership with Redbelly Network (formally verified Layer 1 blockchain from University of Sydney) to deploy the first trade finance use case on their network. Redbelly provides the blockchain infrastructure with instant finality and no transaction loss, enabling Bulla to finance individual invoices with full on-chain transparency.
- TCS BlockchaincoreStrategic partnership where TCS Blockchain (world's first blockchain alternative to freight invoice factoring) uses Bulla Network's protocol to scale freight invoice settlement on-chain. TCS has a $150M revenue pipeline of American and Canadian transportation companies seeking faster and cheaper invoice settlement. Bulla provides the lending pool infrastructure and on-chain credit protocol while TCS brings customer volume and freight industry expertise. Partnership expected to onboard up to $100M in invoices.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
BullaNetwork competitors and assessment
Company assessmentBroad incumbents
- Aave: Largest decentralized lending protocol; competes broadly with Bulla for crypto-denominated liquidity, though Bulla is differentiated by its trade finance specialization.
- Compound: Major DeFi money market protocol offering algorithmic lending, serving as a benchmark for on-chain yield and competing for stablecoin deposits that flow to Bulla.
- MakerDAO (Sky): Decentralized stablecoin issuer and RWA-heavy DeFi platform that holds significant real-world assets, competing for institutional RWA allocations that could otherwise flow to Bulla's pools.
Direct peers
- TrueFi: DeFi protocol for uncollateralized lending to verified borrowers, addressing similar use cases of trustless credit underwriting that Bulla targets for trade finance.
- Goldfinch Finance: Decentralized credit protocol enabling lending against off-chain borrower cash flows, overlapping with Bulla's invoice and trade finance lending use case.
- Centrifuge: Decentralized RWA protocol focused on tokenizing and financing real-world receivables including invoices, providing a directly comparable on-chain trade finance model to Bulla's protocol.
- Clearpool: Decentralized credit marketplace with tokenized receivables and institutional borrowers, closely aligned with Bulla's RWA-based lending infrastructure.
- Maple Finance: Institutional DeFi lending marketplace that pools capital for credit to businesses, sharing Bulla's model of using on-chain liquidity to underwrite real-world receivables.
- Polytrade: RWA protocol tokenizing trade finance receivables including invoices and freight, offering directly comparable trade-finance-focused lending infrastructure.
Emerging players
- Credix: RWA lending marketplace connecting on-chain liquidity providers with real-world credit opportunities, partial overlap with Bulla's invoice financing focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
BullaNetwork social profiles
Digital presenceBullaNetwork compliance and trust
Trust signalCompliance1 record
BullaNetwork financial estimates
Financial estimateRevenue estimate
Valuation estimate
BullaNetwork leadership team
Management profileNumber of profiles
Profiles7 records
BullaNetwork funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BullaNetwork M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BullaNetwork
What does BullaNetwork do?
Bulla Network builds an open-source on-chain credit and trade-finance protocol (Bulla FactoringV2) that tokenizes freight, shipping, and trade receivables into smart-contract invoices and finances them through decentralized stablecoin liquidity pools. Its customer-facing Bulla Banker dApp delivers multi-chain invoicing, batch payments, payroll, p2p lending (FrendLend), and accounting tools across 12+ blockchain networks, targeting both enterprises needing working capital and SMBs/individuals seeking stablecoin yield.
Is BullaNetwork a public or private company?
BullaNetwork is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was BullaNetwork founded?
BullaNetwork was founded in 2021. It employs 1 to 10 people.
Where is BullaNetwork based?
BullaNetwork is headquartered in Denver, United States, in the North America region.
How does BullaNetwork make money?
Three revenue lines are on record. Liquidity Pool Fees are the primary driver. The others are invoice Financing Spread and platform Services.
Who are BullaNetwork's main competitors?
Broad incumbents on record are Aave, Compound and MakerDAO (Sky). Direct peers are TrueFi, Goldfinch Finance, Centrifuge, Clearpool, Maple Finance and Polytrade. Credix is listed as an emerging player.
Does BullaNetwork have an API?
No public API is recorded for BullaNetwork.
What industry is BullaNetwork in?
BullaNetwork's product category is Trade Finance Infrastructure. Its primary akta.pro industry code is FSADAEAH, Supply Chain & Inventory/Warehouse Receipt Tokenization, with a secondary code of FSADAFAB, Decentralized Lending Protocols (DeFi Money Markets). Its NAICS code is 5231 and its SIC code is 6200.