Inventory management with capital advance

US11501366B1 · kind B1 · utility

Assignee

• Block, Inc. · US

Inventors

• Michael Morrissey Cieri · San Francisco, US
• Adam Jeremy Fern · San Francisco, US
• Ding Zhou · Palo Alto, US
• Ariana Poursartip · San Francisco, US

Key dates

• Filing date: Jan 30, 2020
• Grant date: Nov 15, 2022
• Expiry date: Jan 30, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q10/087
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

In some examples, a service provider may manage inventories of items by offering money advances to make inventory orders on behalf of a merchant. The service provider may determine a risk associated with advancing money to the merchant based on sales of items made by the merchant. The service provider may provide a money advance to the merchant when the risk associated with advancing money is within a threshold level. The money advance may be used to order inventory from a supplier. This may assist the merchant in managing inventory.