Dynamic origination of capital pricing determination based on forecasted point-of-sale revenue

US10956974B2 · kind B2 · utility

Assignee

• Toast, Inc. · US

Inventors

• Jared J. Rand · Riverdale, US
• Kevin A. Vo · Boston, US
• Alan Z. Zhao · Cambridge, US

Key dates

• Filing date: May 8, 2019
• Grant date: Mar 23, 2021
• Expiry date: May 8, 2039

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/34
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system for dynamic origination of capital includes a rate processor, a revenue forecaster, and an offer processor. The rate processor is configured to generate a price for a capital product offer to a first subscriber of a point-of-sale (POS) subscription service, where the interest rate is generated by employing a probability of default (PD) value that is derived from historical POS data corresponding to all subscribers. The revenue forecaster is coupled to the rate processor and is configured to employ first historical POS data for an establishment corresponding to the first subscriber to predict future POS data using a neural network trained on the historical data corresponding to all subscribers, and to employ the future POS data to generate a predicted total revenue over a payback period for the first subscriber. The offer processor is configured to generate and transmit the capital product offer corresponding to the first subscriber, where the capital product offer comprises the payback period, the price, and a maximum dollar amount that is a percentage of the predicted total revenue.