Finovate Demo Video Archives

Presenter Profile:

How they describe themselves: Little Blocks is a fintech platform for MSME manufacturers built around industrial IoT data.

Based out of Hyderabad, India, the company was founded in 2022 by alumni of IIT Madras and IIM Ahmedabad and is currently funded by a grant from the Startup India Seed Fund.

The platform facilitates access to risk capital for machinery upgradation making small factories more productive and transparent while minimizing environmental costs.

Our platform is a trust enabler – and trust unlocks value.

How they describe their product/innovation: Little Blocks platform leverages the strength of industrial IoT sensors and blockchain technology to open up access to risk capital for machinery purchase. Every machine is tokenized and the ownership is distributed to the token holders who will have a claim to the underlying cash flows. Instead of paying fixed monthly loan repayments, the manufacturers are billed based on the actual usage of the machine. Using DLT we offer a single source of truth for determining the machine usage and enable automated billing and payments.

Product distribution strategy: Direct to Business (B2B), through financial institutions

Contacts:

Bus. Dev. & Press: Hanu Panchakarla (Co-Founder & CEO)