Independent daily NAV for real assets
We read the live data that solar plants, batteries, vehicles and herds already produce, and turn it into a daily, independent value for the loans and investments behind them.
How it works Talk to usThe problem
Most real-asset loans are valued once a quarter
A solar plant reports its output every few minutes. A vehicle tracker logs every trip. Yet the loan behind them is usually valued once a quarter, from figures the operator sends in.
By the time a problem shows up in the accounts, it has often been visible in the asset's own data for months. Lenders price that uncertainty into the loan, so good projects end up paying more for their money than they should.
How it works
From the asset's own data to a daily value
- We connect, read-only, to the systems your assets already report to: inverter and battery portals, vehicle trackers and controllers, and livestock weighing cameras. Nothing changes on site.
- Every day, our Variance Tracker compares what each asset actually did with what the investment case assumed it would do.
- Our NAV engine turns that difference into a value for each asset and for the portfolio. You can trace every number back to the readings behind it.
An independent daily value is also what makes an asset easier to fund. We are building that side too: tokenised notes on Ethereum, with transaction signing being tested on Securosys hardware security modules.
Today
What works today
| Solar and battery data | Live connectors to GreenMon and Victron VRM |
|---|---|
| Generators and metering | DSE generator controllers and PowerSense metering in development |
| Vehicles and livestock | CAN-bus and camera-weighing feeds next on the roadmap |
| Valuation | NAV dashboards running on demonstration data; the telemetry-linked Variance Tracker in build |
| Clients | Platform work for a UK carbon-measurement platform for film and TV, and a solar and battery builder in southern Africa |
Who uses it
Lenders, investors and the projects they fund
Lenders and credit funds use it to keep an eye on each financed asset between reporting dates. Private equity and impact investors use it for an independent mark on holdings that run physical assets. Project developers use it to show funders how their projects are actually performing.
About
Why "Braided Rivers"
A braided river splits into many channels that separate and rejoin, spreading water across a wide plain and turning dry ground fertile. We would like capital to reach African energy and farming projects the same way, through many smaller channels that investors can actually see into.
Investors who can see how an asset is doing every day can lend against it with more confidence, and at a fairer price.
The name has a second source. In Ephesians 3:10, Paul writes of the "manifold wisdom of God". His word for manifold, polypoikilos, means many-coloured or richly varied: many strands woven into one. That picture is why we started this company.
Team
Who we are
Peter Munnings
Founder and CEO
Co-founder and COO of Adhara, the technology partner behind Fnality's tokenised central-bank payment system. Before that, ConsenSys and FirstRand Bank treasury, and technical work on two central-bank projects: the South African Reserve Bank's Project Khokha and the Monetary Authority of Singapore's Project Ubin Phase 2.
Dwayne Bailey
Executive director, UK
Leads DevOps and open source. Certified Kubernetes Administrator with nineteen years running open-source technology programmes.
Our engineering team is based in South Africa.
Contact
Talk to us
If you lend to or invest in physical assets and want to know how they are doing between reports, get in touch.