Dow Protocol Scores $10.5M Seed Round for Blockchain E-commerce Financing

Dow Protocol has secured $10.5 million in seed funding to expand its blockchain-based financing model for e-commerce merchants.

The startup aims to close the gap between sales and payment receipt, which can take weeks or even months with traditional financing methods.

Dow Protocol's PayFi real-world asset structure allows merchants to access working capital against pending receivables in seconds, rather than waiting for 14-28 days as is typical with online marketplaces.

The company argues that its model is a faster and lower-friction alternative to traditional financing methods, which require merchants to pledge separate collateral or go through lengthy underwriting cycles.