What is Invox?

Is an invoice lending platform disrupting a US $ 2.8 trillion industry. Lead by a stellar team with over $ 30 million of invoice financing behind them, Invox Finance is creating a decentralized peer-to-peer invoice lending platform that allows allow sellers, buyers, investors, and other service providers to directly connect, interact, share and distribute information. Currently, the invoice financing industry is held back by: High-interest rates, Lack of contact between parties, High risks, Lack of investment divers, Disputes, Defrauding, Insolvency. Invox Finance's decentralized platform allows dynamic invoices to be created on a distributed ledger, benefiting all parties from an increase in trust, transparency, efficiency, and security with minimum fees. Invoice fragmentation allows investors to spread their risk across invoices, allowing for very low-risk investments with maximum returns.

ABR will also be the first client of Invox Finance, which allows multiple sellers and buyers to test Invox Finance Platform with ABR Finance as a reputable investor.

What is Billing Finance?

Traditional invoice financing is based on the purchase of invoice financiers from the seller.

In return, the financiers agree to advance the money to the seller against each invoice. Buyers who buy products from the seller must pay the bill directly to the investor.

Main Attributes

Lower rates for sellers

Sellers may obtain financing at lower interest rates than they normally receive from a traditional financier.

New investment opportunity for investors

As of now, most of the investments made in the financing of invoices are made by large bank organizations. The invox financing platform will allow all types of investors to make investments in case of invoice financing.

Dynamic invoice

Blockchains allow the blocks that represent invoices to be deployed and tamper proof. This allows all bookkeeping participants to see the status of the invoice with respect to time. All the information, such as the invoice verification status, the advances made against the invoices and the payments received will be stored securely in the chain of blocks. They will also ensure that the information stored in the book is transparent, reliable and secure.

Smart Contract Loan

Smart contracts will be responsible for directing funds from one party to another when their conditions are met. The terms and conditions of the loan will be codified in the intelligent contracts, providing all participants with the certainty that their terms and conditions will be enforced.

Objetives

We plan to destroy and revolutionize the traditional financial account industry by implementing a global, distributed peer-to-peer platform called Invox Finance.

This platform completely eliminates the need for the financier to participate in the connection of companies that wish to accelerate their cash flow by selling their invoices directly to investors who wish to finance these invoices.

Problems in the Invoice Financing Industry

1.High interest rates

2.Lack of contact between parties

3.High risks

4.Lack of investment diversity

5.Disputes

6.Defrauding

7.Insolvency

Advantages of Invox

Without barriers 

Trust and transparency among all parties is facilitated through authorized access, verifications and a built-in reward system.

Lower rates for sellers

Sellers may obtain financing at lower interest rates than those normally received from a traditional funder.

Diversity for investors

Investors will be granted access to an investment product that is generally only available to banks and finance companies.

Dynamic Invoices

Dynamic invoices allow all parties to update invoice information in real time, guarantee immutability and manage access to sensitive information.

Connecting Sellers to Investors

Sellers will have direct access to individual investors. This new peer lending environment will benefit both sellers and investors.

Fractional loans

Invoice loans will be fragmented, allowing investors to buy loans from a larger group, increase their diversification and reduce their overall risk profile.

Disadvantages of Invox

No direct contact:

The financier has no relationship with the buyer, which places a significant risk on the financier.

Invalid invoices:

A seller may issue an invoice for an incomplete service or product that does not meet the requirements.

High legal costs:

The preparation and execution of legal documents is costly and usually involves third-party providers.

Misleading actions:

The seller and buyer can conspire to deceive the financier. Or the seller may break your agreement and request a direct payment.

Disputes:

The buyer may defy the responsibility of payment and leave the other parties out of his pocket, jeopardizing his reputation. 

Insolvency. 

The buyer may become insolvent and cannot pay the invoices, forcing the other parties to tolerate the loss of funds.

Token

Token Name: INVOX

Price per token: 1 INVOX = 0.0001 ETH  

ICO Start date: 15 April 2018

ICO End Date: May 15, 2018

Coins accepted: ETH

Minimum contribution: 0.1 ETH 

Invox Team

Alex Mezhvinsky: Co-founder

Adam Mezhvinsky: Co-founder

Daniel Tang: Co-founder

Victoria Mezhvinsky: Legal Advisor

José Luis Ramírez: Lead Software Engineer

Lucas Cullen: Lead Solidity Developer-Contractor

Henry Sit: Business Development Manager

Invox Advisors

Alex Mashinsky: Strategic Advisor

David Lu: Investment Advisor

Jp Thor: Crypto Advisor

Michael Bacina: Legal Advisor

Mo Famdouna: ICO Marketing Adviser

Boris Mezhvinsky: Investor Angel

Chris Mcloughlin: Community Advisor

Kyle Hornberg: Operations Advisor

James Waugh: Tokenomics Advisor

Important Links

Website

White paper

ANN

Facebook

Twitter

Telegram

LinkedIn

Instagram 

Author

User Bitcointalk: paycoins

Profile: https://bitcointalk.org/index.php?action=profile;u=1674482

Myetherwallet: 0x25cB9d8a016A89401764333e9E9F168142D548AA