INVOX FINANCE - The Most Innovative Invoice Lending Platform

catur123 (7)in #invoxfinance • 6 years ago

The Invox Finance Platform 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 will 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 it, 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 minimal fees. Invoice fragmentation allows investors to spread their risk across hundreds of invoices, allowing for very low-risk investments with maximum returns.

Why Should Invoice Financing Evolve?

The traditional model exposes the financier to considerable risk and increases the likelihood of disputes. It’s time for a change.

6 Drawbacks of Traditional Invoice Financing

No direct contact

The financier does not have a relationship with the buyer, which exposes the financier to considerable risk.

Invalid invoices

The seller may issue an invoice for an uncompleted service or a product that doesn’t meet requirements.

High legal costs

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

Defrauding

The seller and the buyer may conspire to defraud the financier. Or the seller may breach their agreement and request a direct payment.

Disputes

The buyer may dispute the payment liability and leave the other parties out of pocket, putting their reputations on the line.

Insolvency

The buyer may become insolvent and unable to pay for the invoices, forcing the other parties to suffer the loss of funds.

Our Powerful All-In-One Solution

Reinvention starts now.

We’re ushering in a new era of invoice financing by building a decentralised p2p platform where sellers, buyers and investors are connected.

No Barriers

Trust and transparency between all parties is facilitated through permissioned access, verifications and an in-built reward system.

Lower Rates for Sellers

Sellers will be able to obtain financing at lower interest rates than normally received from a traditional financer.

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 enable all parties to update invoice information in real time, ensure immutability and manage sensitive information access.

Connecting Sellers to Investors

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

Fractionalised Loans

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

Who will use Invox Finance Platform?

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

Invox Tokens

Use Case :

Access : Join the platform as a seller by holding Invox Tokens.
Rewards : Get rewarded in Invox Tokens whenever you verify or pay invoices.
Fees : Invox Tokens are used by sellers and investors to pay their respective fees for access.

Token Type : Utility token

Token Ticker : INVOX

Emission Rate : No new coins will ever be created after the ICO.

Token Network : Ethereum (ERC20)

Distribution : Tokens will be distributed 14 days after the token sale ends.

Token Value : 1 ETH = 10,000 INVOX + any bonuses.