DeFa by InvoiceMate

What DeFa by InvoiceMate does

DeFa by InvoiceMate is an onchain Liquidity-as-a-Service (LaaS) protocol headquartered in Abu Dhabi Global Market (ADGM), UAE, that connects stablecoin liquidity providers with invoice-backed lending opportunities. The platform bridges traditional trade finance with decentralized finance by verifying real-world receivables through proprietary AI and blockchain systems, then tokenizing them for onchain funding. Its core infrastructure comprises the KYI (Know Your Invoice) and KYR (Know Your Receivable) verification engines, which assess invoices, settlements, corridors, and counterparties across 30+ authenticity and credit parameters before financing is approved, with each stage recorded on blockchain for immutability. The protocol operates on ZIGChain, a Cosmos SDK-based Layer 1 with EVM compatibility, following a March 2025 migration.

The product suite spans borrower-facing financing products (PayMate for PSP/RSP prefunding at 10-12% APY, invoice-based and revenue-based financing for UAE businesses, and merchant cash advance for UK businesses up to £500,000) and investor-facing yield products (STREAM up to 12% APY, LIFT 8-10% APY with credit insurance, SURGE up to 20% APY). Operational automation is delivered through three AI agents: AMIGO for onboarding integration with businesses and payment operators, CARA for capital allocation advisory, and DROOG for backend risk, compliance, and liquidity orchestration. DeFa monetizes through a 4% net interest margin retained from the spread between borrower rates and investor returns, supplemented by transaction-based fees across yield products.

Reported operational metrics include $670M+ in transaction volume processed, $130M+ in private liquidity deployed, $6.6M+ in investor yield generated, and a 0.19% NPL rate across 800+ originated facilities. Strategic institutional relationships include a POC partnership with Abu Dhabi Islamic Bank (ADIB) for stablecoin-powered SME lending, a vault partnership with Zignaly, and distribution integrations with Morpho, Pendle, Curve, and Amina Bank. The company has received Deloitte Rising Star (2x) and Future 100 recognition and is backed by investors including IOTA, Stellar, Protofire, HUB71, Brinc, TDeFi, and XFounders.

Name

DeFa by InvoiceMate

Legal name

DeFa by InvoiceMate

Website

https://imdefa.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

DeFa by InvoiceMate is an onchain Liquidity-as-a-Service protocol based in Abu Dhabi that connects stablecoin investors with verified invoice-backed lending opportunities across PayFi and TradFi, using AI-powered KYI/KYR verification on ZIGChain infrastructure.

Ownership category

akta.pro rank

Product category

Decentralized Finance / Blockchain-based Lending Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Sales Financing (52222)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Liquidity Provision & Market Making Protocols (AMMs, concentrated liquidity, LP tooling) (FSAPAEAF)

akta.pro secondary industries

Borrowing/Lending Risk & Credit Infrastructure (on-chain credit scoring, risk engines, insurance wrappers) (FSAPAEAI), Institutional DeFi & On-Chain Liquidity Infrastructure (Permissioned DeFi, Lending) (FSAGAMAG)

Keywords

• Decentralized lending protocol
• Invoice financing platform
• Real-world assets
• Stablecoin yield products
• Trade finance infrastructure

Headquarters

HQ city

Abu Dhabi

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Net Interest Margin: DeFa retains 4% net interest margin from the spread between borrower rates and investor returns. Borrower pays X%, DeFa retains 4%, investor receives Y%.
2. Yield Products: Returns generated from verified invoice settlements and payment receivables across multiple yield products: PayMate (10-12% APY, 1-14 day cycles), CredMate (14-16% APY, 30-90 day cycles), STREAM (up to 12% APY), LIFT (8-10% APY, 7-30 days), SURGE (up to 20% APY, 180-day period).

Pricing tiers

Go-to-market motion5 records

Distribution channels8 records

Marketing channels9 records

Core offering

DeFa by InvoiceMate operates an onchain Liquidity-as-a-Service infrastructure built on ZIGChain that connects stablecoin liquidity providers with verified real-world receivables across PayFi and TradFi. The protocol offers prefunding facilities for PSPs/RSPs/OTC desks (PayMate), invoice and revenue-based financing for SMEs in the UAE, merchant cash advances for UK businesses, and yield products (LIFT, SURGE) for investors earning 8-20% APY. All receivables pass through AI and blockchain-powered KYI/KYR verification across 30+ parameters before financing, with credit insurance protecting investors.

Product overview

DeFa by InvoiceMate is an onchain Liquidity-as-a-Service (LaaS) infrastructure connecting institutional liquidity providers with verified real-world receivables across PayFi (payment settlements) and TradFi (business financing). The product suite comprises four borrower-facing financing products (PayMate for remittance prefunding, Invoice-Based Financing and Revenue-Based Financing for UAE businesses, and Merchant Cash Advance for UK businesses), three investor-facing yield products (STREAM, LIFT, and SURGE offering 12-20% APY with varying tenures and risk profiles), and three AI-powered operational agents (AMIGO for onboarding, CARA for capital allocation, and DROOG for backend operations). The protocol is built on KYI/KYR verification systems that validate receivables across 30+ parameters before financing, with liquidity deployed through USDC deposits receiving DLP tokens.

Differentiator

Problem solved

Functional benefit

Brands

• PayMate: Pre-funding liquidity product for Payment Service Providers, Remittance Service Providers, and OTC desks requiring settlement liquidity for cross-border transactions.
• CredMate
• InvestMate
• KYR (Know Your Receivable)

Products and services

• PayMate Purpose-built prefunding facility for Payment Service Providers, Remittance Service Providers, and OTC desks that require on-demand liquidity to settle local and cross-border transactions instantly without capital constraints. Offers 10-12% APY, 1-14 day cycles, and capital recycling 4-8x per month.
• Invoice-Based Financing Invoice financing product that advances most of an invoice's value upfront upon issuance for UAE-based companies, enabling access to cash immediately rather than waiting 30-90 days for customer payment. Backed by KYI verification and credit insurance.
• Revenue-Based Financing Working capital financing advanced against business sales for UAE businesses, with repayment tied to a share of revenue rather than fixed monthly payments. Designed for businesses that need flexible access to capital aligned to earnings.
• Merchant Cash Advance Working capital product providing up to £500,000 for UK businesses, repaid from future revenue through daily, weekly, or bi-weekly instalments. Decision in 24 hours, same-day funding on clean applications, no personal guarantee on standard product, structured as interest-free purchase of receivables.
• LIFT Yield Product Yield product offering up to 16% APY through invoice financing with credit insurance protecting against defaults. Tenure of 7-30 days with a 90-day lockup period, providing institutional investors with insured, short-duration exposure to verified receivables.
• SURGE Yield Product Highest-yield product offering up to 20% APY from revenue-based financing and short-term SME loans, running on a 180-day period with 30-day payout cycles for liquidity providers.

Quantifiable outcome

• 0.19% NPL rate demonstrates strong risk management
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Feature7 records

Partnerships

28 partnerships are on record, tiered core and minor.

• ADIB (Abu Dhabi Islamic Bank)coreStrategic or Co-development PartnerWorking with Abu Dhabi Islamic Bank to bring stablecoin-based SME finance into regulated markets through POC for stablecoin-powered SME lending. Bridges traditional Islamic banking trust with onchain efficiency.
• ZignalycoreStrategic or Co-development PartnerDeFa x Zignaly vault partnership provides managed access layer for participants who prefer not to interact directly with protocols. Zignaly handles allocation, monitoring, and administration while DeFa manages invoice financing and credit processes.
• ZIGChaincoreTechnology or IntegrationDeFa's Private Mainnet operates on ZIGChain, a Cosmos SDK-based Layer 1 with EVM compatibility. ZIGChain provides validator-secured security, modular financial primitives, and long-term economic participation for settlement infrastructure.
• MorphominorChannel Partner/ Reseller/ DistributorDistribution partner for optimized yield strategies and compounding opportunities.
• PendleminorChannel Partner/ Reseller/ DistributorDistribution partner for optimized yield strategies and re-staking opportunities.
• CurveminorChannel Partner/ Reseller/ DistributorDistribution partner for optimized yield strategies and liquidity management.
• Amina BankminorChannel Partner/ Reseller/ DistributorDistribution partner for yield optimization strategies.
• YubiminorStrategic or Co-development PartnerB2B supply chain partner.
• JazzCashminorStrategic or Co-development PartnerB2B supply chain partner.
• EficyentminorStrategic or Co-development PartnerB2B supply chain partner.
• OmnisPayminorStrategic or Co-development PartnerB2B supply chain partner.
• FuzeminorStrategic or Co-development PartnerB2B supply chain partner.
• JinglePayminorStrategic or Co-development PartnerB2B supply chain partner.
• AuraminorStrategic or Co-development PartnerB2B supply chain partner.
• MamoPayminorStrategic or Co-development PartnerB2B supply chain partner.
• AlHuda FinancialminorStrategic or Co-development PartnerB2B supply chain partner.
• Klub AIminorStrategic or Co-development PartnerB2B supply chain partner.
• TRAXminorStrategic or Co-development PartnerB2B supply chain partner and trade finance borrower.
• TrellaminorStrategic or Co-development PartnerB2B supply chain partner and trade finance borrower.
• FoodpandaminorStrategic or Co-development PartnerB2B supply chain partner.
• ZarayeminorStrategic or Co-development PartnerB2B supply chain partner.
• Snapp RetailminorStrategic or Co-development PartnerB2B supply chain partner.
• Umrah CompanionsminorStrategic or Co-development PartnerB2B supply chain partner.
• SalicminorStrategic or Co-development PartnerB2B supply chain partner.
• DigiKhataminorStrategic or Co-development PartnerB2B supply chain partner.
• Telec GroupminorStrategic or Co-development PartnerB2B supply chain partner.
• WatermelonminorStrategic or Co-development PartnerB2B supply chain partner.
• Clearpool / Hex Trust's OzeanminorStrategic or Co-development PartnerPartnership to offer SME financing opportunities on Ozean platform via DeFa.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Tradable: Invoice tokenization and onchain financing platform for SMBs, similar to DeFa's invoice financing products.
• Huma Finance: PayFi protocol providing working capital and liquidity for payment receivables using onchain credit infrastructure. Comparable in PayFi/invoice-receivable thesis, though with broader protocol scope and different chain footprint.

Broad incumbents

• Aave: Leading DeFi lending protocol with massive liquidity and institutional integrations. Comparable as a yield-bearing destination for stablecoin LPs, though overcollateralized rather than invoice-backed.
• MakerDAO: Largest DeFi lending protocol with growing RWA focus including trade finance. Comparable in yield products backed by real-world assets, but operates as broad DeFi incumbent rather than niche specialist.

Direct peers

• Centrifuge: Decentralized protocol for tokenizing real-world assets including invoices, providing onchain financing against verified receivables. Closely comparable in invoice tokenization and RWA lending thesis.
• Goldfinch: DeFi lending protocol that extends credit to real-world businesses without crypto-native overcollateralization. Comparable in using off-chain identity/credit assessment to underwrite onchain loans to SMEs.
• TrueFi: DeFi credit protocol offering undercollateralized loans to vetted institutional borrowers, with a focus on real-economy lending yields. Comparable in target audience (yield-seeking capital providers) and borrower profile (institutions).
• Maple Finance: Institutional onchain credit market with undercollateralized lending pools managed by credit delegates. Comparable in institutional LP base, real-economy lending, and reliance on off-chain underwriting.
• Clearpool: Decentralized credit marketplace connecting institutional lenders with vetted borrowers. Direct comparable; Clearpool/Hex Trust's Ozean is also an existing DeFa distribution partner.

Others

• ZIGChain: Cosmos SDK-based Layer 1 where DeFa's mainnet operates. Comparable as infrastructure partner rather than competitor; provides validator-secured settlement layer for DeFa's invoice-backed RWAs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/defaprimitive
• LinkedInlinkedin.com/company/defaprimitive

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DeFa by InvoiceMate