About Invox Finance
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 diversity
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.
The founders of Invox Finance have many years experience running a successful invoice financing company in Australia - ABR Finance. ABR Finance has been in operation since 2012 and has helped fund businesses throughout Australia with $30 million AUD in invoicing, across a broad range of industries including IT, wholesale, construction, transport, engineering, equipment and labor hire, publishing and professional services. ABR Financing will also partner with the Invox Finance Platform to provide an initial reputable investor for sellers.
Currently, only one other competitor exists in this space - Populous Invoice Discounting, who has a market cap valued at over $800 million dollars at the time of writing. Invox Finance has the utmost respect for the goals the Populous team is aiming to achieve. The currently centralized invoice financing environment is in need of disruption, and both Invox Finance and Populous are at the front line.
Current invoice financing methods are stagnant and in need of disruption. Invox Finance solves the:
- Lack of contact between involved parties
- Transparency issues surrounding the process
- Security issues
- Risks for investors
- Risk of fraud
through the creation of dynamic invoices on a distributed ledger, connecting buyers, sellers and investors throughout the entire process.
Invox differs from Populous in these cases:
- The inclusion of the buyer in the platform
- Creation of dynamic instead of static paper-based invoices
- Equal access for investors (no bidding on invoices)
- Loan fragmentation
- A greater amount of invoice financing experience