INVOX FINANCE: INVOICE LENDING AT ITS PEAK

lelvin (8)in #ico • 6 years ago

Hey guys, i was blown away the day i came across Invox Finance and its a great and promising project. Go through this and let me know what you think.

The Invox Finance Platform is a decentralized shared invoice lending platform that will permit merchants, purchasers, speculators and other specialist organizations to specifically associate, connect, share and disperse data. The platform expects to make a putting stock in condition by encouraging straightforwardness amongst parties and rewarding performance. The Invox Finance Platform is an invoice lending platform taking advantage of the US$2.8 trillion invoice financing industry.

The group at ABR Finance Pty Ltd is behind Invox Finance. ABR Finance is an effective invoice financing organization and has helped finance organizations all through Australia with A$30 million in invoicing. ABR will likewise turn into the Invox Finance's first client, which take into consideration various dealers and purchasers to test the Invox Finance Platform with ABR Finance as the trustworthy speculator. The Invox Finance platform will upset and reform conventional invoice financing by executing a framework where trust and straightforwardness between all parties is produced through an in-assembled remunerate framework. Furthermore, the execution of exchanges and stream of data won't be reliant on one single brought together specialist organization, however rather administered by a straightforward arrangement of guidelines executed on a completely disseminated record.

The key issue with customary invoice financing is that the lender acquiring an invoice from the dealer and propelling the assets against it doesn't have an immediate association with the purchaser. The agent exclusively believes the data gave by the merchant. Thus, the connection between the dealer and the purchaser isn't totally straightforward to the agent, and in this way opens the lender to an impressive danger of the invoice not being paid as concurred or questioned.

The Invox Finance Model

We intend to upset and alter the customary invoice finance industry by executing a worldwide circulated distributed lending platform called the Invox Finance platform. This platform will totally wipe out the requirement for an agent's association by interfacing organizations that desire to quicken their income through offering their invoices, straightforwardly with speculators who wish to finance these invoices.

Decentralized Platform

The Invox Finance Platform will permit venders, purchasers, financial specialists and other specialist co-ops to straightforwardly interface, associate, share and convey data.

Lower Rate For Seller

Merchants will have the capacity to acquire financing at bring down loan costs than those typically got from customary lenders who work outside the blockchain.

Dynamic Invoice on a Distributed Ledger

Dynamic invoices give all parties the capacity to refresh invoice data in realtime, guarantee unchanging nature and oversee touchy data get to.

Uniting All Parties

The Invox Finance Platform keeps up trust and straightforwardness between all parties through permissioned access, confirmations, and an in-assembled compensate framework.

Coordinate Acces To Investors

The Invox Finance Platform will give merchants guide access to singular financial specialists. This new direct lending condition will profit the two merchants and speculators.

A New Way Investors To Diversify

The Invox Finance platform will open financial specialists to credit items containing advance parts from numerous different organizations crosswise over different industry segments.

Decreasing Risks

Invoice advances will be divided into littler additions enabling speculators to buy advance sections to decrease their hazard profile and increment their broadening.

Who will utilize Invox Finance Platform

Venders who have invoices they wish to pitch to quicken their income

Financial specialists looking for higher rates of return and expansion of their speculation portfolio

Purchasers who will get expanded invoice installment periods and be remunerated for confirming invoices

Invox Platform Overview

The Invox Finance Platform is a disseminated shared invoice lending platform that will permit dealers, purchasers, financial specialists and other specialist co-ops to associate, connect, share and circulate data. This platform will encourage an eco-framework where trust between the parties is produced by means of an in-constructed compensate framework. The execution of exchanges and stream of data are not subject to one single unified specialist organization, but rather are represented by a straightforward arrangement of principles executed on a completely dispersed record. This will additionally advance the certainty of all parties in each different and promoting the fruitful finish of each invoice lending exchange. Besides, the Invox Finance Platform will give dealers (who wish to acquire reserves against their invoices) guide access to singular financial specialists. This distributed lending condition will profit both the dealers and the financial specialists. Dealers will have the capacity to get financing at bring down loan fees than generally got from an agent.

Invox Token

In conjunction with the Invox Finance platform, an Invox Token will be created on the Ethereum Network.

Provide Access

Invox Tokens will provide sellers with access to the Invox Finance Platform. Through the Trusted Member Program each seller will be required to pay a certain amount of Invox Tokens as a yearly membership to gain access to the platform.

Reward Work Performed

The system will reward buyers and sellers with Invox Tokens for the verification and payment of invoices.

Initial Coin Offering

The rationale behind conducting the ICO is to pre-sell membership to the system through the sale of Invox Tokens.

Invox Tokens will entitle holders to access the Invox Finance Platform through the Trusted Member Program. By participating in the Invox Finance two-stage fundraising process, you will be provided with an opportunity to aquire Invox Tokens at a discount.

The ICO will be conducted in two parts with a bonus system rewarding participants in the pre-ICO as well as during the ICO itself. The maximum amount of Invox Tokens being minted will be released at the start of the Pre-ICO, along with open source smart contracts on our Github.

Roadmap and Target

Stage 1

During the initial stages, the team will have invested over $500,000 AUD in cash into Invox Finance. This investment was used to create an initial community, develop this white paper, prepare to conduct an ICO, establish a system framework, and most importantly engineer the Dynamic Invoice Smart Contract.

Stage 2

The main objective will be to complete the pre-ICO stage, begin developing the Minimum Viable Product (MVP) and complete the full ICO.

Stage 3

Once fully funded by the ICO, we will complete the MVP and commence rigorous user testing to ensure the release of a quality product.

The Team

Alex Mezhvinsky - Co-Founder

Adam Mezhvinsky - Co-Founder

Daniel Tang - Co-Founder

Victoria Mezhvinsky - In House Legal Counsel

Jose Luis Ramirez - Lead Software Engineer

Lucas Cullen - Lead Solidity Developer - Contractor

Henry Sit - Business Development Manager