Grant Program Refresh

Starting with May 2023, the Request Network grant program has undergone an extensive rejuvenation process. We are currently exceptionally enthusiastic about bringing new partners into our ecosystem. The core team has dedicated considerable time to gain a comprehensive understanding and delineating the precise value proposition we can offer. Furthermore, we have carefully identified the advantages that prospective builders can derive by collaborating with us.

Here’s what we came up with:

• Payment applications: wallets and payment modules benefit from the infrastructure provided, including payment requests and invoice creation, which leads to secure, fast, and easy transfers. The builders provide the protocol with a large number of transactions and new invoice data. They also provide users with fast, secure, and user-friendly payments that automatically create invoices that can be managed in builders dealing with invoicing applications.

• Invoicing applications: invoice apps, billing, and expenses apps benefit from the infrastructure provided, including payment requests and invoice creation, and the ecosystem that provides payment systems that can easily integrate with their platforms. They can offer extra features to their users, provide integrations with automatic audits and tax reports, and integrate with accounting apps in the protocol. These builders provide the protocol with recurring invoices data, easy connection to risk assessment and financial services, and easy entrance to lenders, insurance, and other services associated with risk. They also provide users with user-friendly applications to create, pay, and manage invoices and related services.

• Accounting applications benefit from the infrastructure provided, including payment requests and invoice creation, and the ecosystem that provides payment systems that can easily integrate with their platforms. They can offer extra features to their users, provide integrations with automatic audits and tax reports, and integrate with billing applications. These builders provide the protocol with recurring invoices data, financial statements data, more specific data from client finances, and easy connection to risk assessment and financial services. They also provide users with user-friendly applications to create, pay, and manage their finances and related services.

• Risk assessment, credit scores, and reputation services benefit from the ecosystem that provides them with very detailed data from clients’ finances and easy access to new clients from invoicing and accounting companies that want to use lenders, insurance, and other services associated with risk. They provide the protocol with credit analysis, which is useful for the aforementioned companies, and a clear and transparent rating of clients’ finances to users.

• Lenders, insurance, and other services associated with risk benefit from the infrastructure that creates invoices as NFTs so payments can be associated with them. They can integrate with invoicing and accounting applications, provide integrations with automatic audits and tax reports, and offer new financial services data to other financial systems providers. These builders provide the protocol with new users to the risk assessment, credit scores and reputation services, and extra services/features to the invoicing and accounting apps.

• Auditing, tax reporting, and compliance services benefit from the infrastructure that allows triple-entry accounting, which enables them to do automatic and real-time accounting, tax reporting, and compliance. They can integrate with billing and accounting applications and provide new, ongoing data to other financial systems providers and risk assessment. These builders provide users with cheap, automatic, real-time audits, tax reports, financial statements, etc.

Besides the enhancements made to the builder profiles, we have made notable improvements to the grant application process. This includes increasing transparency, ensuring ease of comprehension, and enabling isolated interactions between our limited team and prospective builders. These modifications effectively broaden the range of available opportunities. The grant application process flow is the following:

Team and Business validation

1. You apply for the grant by filling out a form conveniently placed on the Grants page.
2. We review your application and set up a meeting.
3. We go through the application together and clarify anything that needs to be clarified.
4. Internal decision-making: if everything is fine you’ll pass to the next step of the process.

Technical Validation

1. You fill out a second form that’s focused on technical details and integration feasibility.
2. We review your application and set up a meeting.
3. We go through the application together and clarify anything that needs to be clarified.
4. Internal decision-making: if everything is fine you’ll pass to the next step of the process.

Grant closure

1. A meeting between the concerned parties is set up.
2. We discuss the grant contract and align on milestones.

Thank you for taking the time to go through our revamped grant process & builder types! We hope everything is clear enough, but if you have questions that have not been answered, you’re more than welcome to join our Discord server and discuss with the team there.

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