Invox Finance : A Cutting Edge Invoice Lending Platform

brainerdpaul (-2)(1)in #bitcoin • 6 years ago

Invox Finance is a platform which brings transparency to the Invoice Financing concept. It’s built using the Blockchain technology which makes it transparent and paperless. Not only does it bring openness, but it also comes with great features which makes invoice financing less risky and more profitable to all the parties involved. Let’s check the features to know more about it. if you don't mind visit our website (https://www.invoxfinance.io/) for the most up to date data on our team.

The Invox Finance Platform is tapping into the US$2.8 trillion invoice financing industry. The team at ABR Finance Pty Ltd is behind Invox Finance. ABR Finance is a successful invoice financing company and has helped fund businesses throughout Australia with A$30 million in invoicing.

ABR will also become the Invox Finance’s first customer, which allow for multiple sellers and buyers to test the Invox Finance Platform with ABR Finance as the reputable investor.

The Invox Finance Model

We plan to disrupt and revolutionise the traditional invoice finance industry by implementing a global distributed peer-to-peer lending platform called the Invox Finance platform.
This platform will completely eliminate the need for a financier’s involvement by connecting businesses that wish to accelerate their cash-flow through selling their invoices, directly with investors who wish to finance these invoices.

FEATURES

• Decentralised Platform: The Invox Finance Platform will allow sellers, buyers, investors and other service providers to directly connect, interact, share and distribute information.

• Lower Rates for Sellers: Sellers will be able to obtain financing at lower interest rates than those normally received from traditional financiers who operate outside the blockchain.

• Dynamic Invoices on a Distributed Ledger: Dynamic invoices provide all parties with the ability to update invoice information in realtime, ensure immutability and manage sensitive information access.

• Bringing All Parties Together: The Invox Finance Platform maintains trust and transparency between all parties through permissioned access, verifications, and an in-built reward system

• Direct Access to Investors: The Invox Finance Platform will provide sellers direct access to individual investors. This new direct lending environment will benefit both sellers and investors.

• A New Way for Investors to Diversify: The Invox Finance platform will expose investors to loan products comprising of loan fragments from many diverse businesses across various industry sectors.

• Reducing Risks: Invoice loans will be fragmented into smaller increments allowing investors to purchase loan fragments to reduce their risk profile and increase their diversification.

BENEFITS FOR USERS, INVESTORS, BUYERS

Sellers who have invoices they wish to sell to accelerate their cash-flow
Investors seeking higher rates of return and diversification of their investment portfolio
Buyers who will receive extended invoice payment periods and be rewarded for verifying invoices

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Invox Finance will give all parties access to a greater chunk of data transparency in the buying / selling / investing of factored invoices

Invox Finance will fragment invoices into smaller segments to give less risk exposure and a more diversified investment opportunity to investors (as opposed to having all your investment eggs in one invoice)

Invox Finance sellers can trade accounts receivable invoices to accelerate cash

WHY YOU SHOULD CHOOSE INVOX FINANCE

Currently, Invox Finance only has one other competitor in the blockchain space. We offer a unique dynamic invoice model and fragmented loan system, ensuring the best possible experience for seller, investor and buyer. Although both projects were founded recently, our team has been working within the invoice financing sector since 2012 and has successfully funded small businesses with over 30 million dollars.

A more detailed comparison of the two projects can be found on page 16 of our whitepaper.
Whitepaper: https://www.invoxfinance.io/docs/Invox-Whitepaper.pdf

TOKEN INFORMATION

Invox Token will be created on the Ethereum Network. With the Finance system, the company will be launching a token of its own called as Invox Token. It’ll be given to buyers and sellers as a reward for verification of transactions. It’s also essential for the sellers to have an Invox token to access the Invox Finance platform. The sellers will have to pay a certain amount of them for a yearly membership.

Invox currently has 2 ICO stage, i.e pre-sale and the main sale.
Currently the pre-sale has been sold.
Main sale start April 15.