INVOX FINANCE REDEFINES INVOICE LENDING BY EMPLOYING BLOCKCHAIN TECHNOLOGY
Businesses ranging from the small shop by the side of the road to the multi-million dollar conglomerate require a healthy cash-flow for the successful operation of its daily activities. Invoice financing which involves the selling of invoices by businesses(sellers) to financiers pending when those invoices will be paid to the financier by the recipients of the goods or services of the business (buyer), has become a quick means of increasing the cash-flow of business establishments. Invoice financing is a global market which is currently valued at 2.85 trillion USD.
Founded by members of the team of ABR Finance Pty Limited- a company that has been in operation since 2012 and has helped finance companies across different economic sectors to the tune of $30 million AUD through Invoice financing- Invox Finance is a revolutionary solution to the problems that may arise in financing invoices.
Traditional Invoice financing is not without its challenges, else there wouldn’t be a need for a more transparent and efficient system. Some of those challenges include:
- Financing invoices based on the trust that the financier has in the information provided by the seller.
- The possibility of an invoice being paid as agreed or disputed due to the fact that the transaction between the seller and the buyer is not completely transparent to the financier.
- There is the possibility of the financier being defrauded by the seller and the buyer by conspiring against him.
Invox Finance is offering a unique solution to the problems associated with the traditional method of invoice financing by employing blockchain technology with operates using a distributed ledger system. The Invox Finance platform eliminates the need for a financier by implementing a global peer-to-peer invoice lending platform which allows sellers who intend to accelerate their cash-flow by selling their invoices directly to investors who wish to finance their invoices.
The Invox finance model proposes benefits for both sellers and investors, some of which are:
DIRECT ACCESS TO INVESTORS: The Invox finance platform’s structure allows for the direct access of sellers to investors, making it easier and faster to obtain financing for invoices.
LOWER RATES FOR SELLERS: The platform allows invoices to be financed at rates lower than those offered by traditional invoice financiers.
RISK MANAGEMENT: The Invox finance model allows investors to finance portions of invoices across different sectors, thereby, decreasing the risk associated with financing the invoice of only one establishment.
Invox tokens will be the native token of the Invox finance platform. Invox tokens are ERC 20 token built on the Ethereum blockchain ensuring fast, secure and affordable transactions. Invox tokens will provide sellers access to the Invox finance platform while also serving as a means of rewarding both buyers and sellers. The financing limit of any given seller will be two hundred times their holdings in Invox tokens.
The Invox tokens sale is currently underway and early investors are rewarded with discounts. The details of the token offering are as follows:
ASSET NAME: INVOX
ASSET TICKER: INVOX
TOKEN VALUE:1 INVOX= 0.0001 ETH
MAXIMUM TOKEN SUPPLY: 464 000 000 INVOX
MAXIMUM CAP: 20 000 ETH
MINIMUM PURCHASE DURING PUBLIC SALE: 0.1 ETH
PRE-SALE MAXIMUM CAP: 2 941 ETH
MINIMUM PURCHASE DURING PRE-SALE: 1 ETH
It is important to note that participants of the Invox tokens sale are required to pass KYC/AML.
To find out more about the project, please use any of the following links:
PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1981112