Fauree Gold
Artisanal and small-scale mining moves billions of dollars in gold globally every year — but in many markets, much of it lacks verifiable origin, transparent pricing, and regulatory oversight. Fauree Gold closes that gap.
Fauree Gold maps the entire ASM gold supply chain across defined custody touchpoints — from the point of extraction to final intake — creating a tamper-evident, independently verifiable record at every stage. Every transaction is anchored to the blockchain, every actor is KYC-verified, and every compliance officer has real-time visibility across the full pipeline.
WHY CHOOSE FAUREE?
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What is fauree gold?
A blockchain-powered traceability and assurance system built for national gold regulators and mining authorities, tracking every gram of artisanal and small-scale mined gold from extraction to final settlement.
Benefits of Fauree Gold
For a Miner
Fair Market Value: Verified weight and purity records ensure miners are paid accurately for what they extract, eliminating underpayment from unverifiable manual transactions.
Faster Payment: Digital purchase records and instant receipts mean miners get paid and documented on the spot, without delays or paperwork disputes.
Permanent Proof of Sale: Every transaction is recorded and traceable, giving miners a verifiable history of their lots even after the gold has moved further down the chain.
Access to Formal Markets: Registration and verified identity unlock access to licensed buyers and the formal gold economy, replacing informal, unregulated trade.
For a Buyer
Verified Provenance: Every lot comes with a full chain of custody back to extraction, giving buyers confidence in the origin and legitimacy of the gold they purchase.
Reduced Compliance Risk: Built-in KYC verification, AML alerts, and regulatory checks mean buyers transact within a fully compliant framework, reducing legal and reputational exposure.
Accurate Transaction Records: Automated weight, purity, and pricing capture eliminates manual errors and disputes, ensuring every purchase is properly documented.
Operational Efficiency: Digital lot discovery, instant verification, and automated receipts streamline purchasing — cutting down on time-consuming manual processes in the field.
Explore how Fauree's Gold Platform solutions can benefit your business.
Benefits of Fauree's Dynamic Discounting
Buyer Benefits
- Optimises working capital by allowing the buyer to pay invoices early at a discounted rate
- Reduces cost of capital by allowing the buyer to take advantage of lower interest rates through early payment
- Provides greater visibility and control over cash flow and financial planning
- Strengthens relationships with suppliers by offering an alternative payment option
- Allows for better negotiation of payment terms with suppliers
Supplier Benefits
- Improves liquidity by allowing the supplier to receive payment early at a discounted rate
- Reduces collection risk by receiving payment earlier than the agreed upon payment terms
- Increases efficiency by automating the invoice and payment process
- Increases competitiveness by offering flexible payment terms to buyers
- Digitalizes and streamlines the accounts receivable process
Dynamic Discounting
Dynamic Discounting Solution
Looking for a way to improve your cash flow and strengthen your relationships with suppliers?
Fauree’s dynamic discounting solutions can help businesses achieve their financial goals. Whether you’re a large corporation or a small business, Fauree can help drive your success.
Unlock your business's potential with Fauree
What is Dynamic Discounting?
Dynamic discounting is a financing technique that allows buyers to pay suppliers earlier than the agreed upon payment terms in exchange for a discount on the purchase price. This can provide benefits for both parties: the buyer can improve their cash flow, and the supplier can receive payment sooner, potentially at a lower cost than they would through traditional financing options.
Fauree's Dynamic Discounting Solution
Fauree’s platform makes it easy for buyers and suppliers to agree upon early payment terms for a fair discount. Our platform also tracks the progress of early payment requests and approvals, and integrates with the buyer’s and supplier’s accounting and financial systems to streamline the process.
Incorporating dynamic discounting into a company’s overall financial strategy can provide numerous benefits. For example, research has shown that businesses that use dynamic discounting can improve their cash conversion cycle by an average of 20%. This means that they are able to turn their inventory into cash more quickly, leading to increased liquidity and financial stability.
In addition, dynamic discounting can help businesses reduce their reliance on traditional financing options such as loans or credit lines. This can be especially beneficial for smaller businesses or those with limited access to capital, as it allows them to secure financing on their own terms.
At Fauree, we understand the importance of cash flow and working capital management in driving business success. That’s why we offer a range of dynamic discounting solutions to help businesses achieve their financial goals. Our platform is designed to be user-friendly and intuitive, making it easy for businesses to negotiate and manage early payment discounts with their suppliers. We also offer a range of tools and resources to help businesses optimize their working capital and streamline their supply chain operations.
Fauree allows the buyer to choose between two different forms of discount:
Fixed Discount
A fixed discount is a set percentage that is subtracted from the invoice amount regardless of the number of days the payment is expected to be made early. For example, if an invoice with a value of $100 is due in 60 days and a fixed discount of 3% is offered for immediate payment, the buyer pays $97. Since the 3% discount is only applied for 60 days, the annualized discount is actually 18%.
Annualized Discount
An annualized discount is calculated dynamically by Fauree by dividing the annual discount by 360 and multiplying it by the number of days the payment is made early. Fauree only considers “acknowledged” invoices, which are posted without a payment block and will be automatically paid once they are due. These invoices are offered to the supplier for early payment. The supplier can request early payment with a single click, and Fauree will update the payment terms in the buyer’s ERP system to reflect the agreed discount and payment date.