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.
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
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.
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)
Investor, Crypto Visionary, FinTech Pro, ICO Advisor and Consultant Rated on 7 Apr 2018
4
4
3
14%
Just some general thoughts, while we are preparing a full report for our investment club.
Team:
A strong team with some connections and experience in the subject.
I can't see enough tech developers and any confirmed blockchain expertise though, so it may be a concern. Also, this project may benefit from more legal and back office professionals, since those parts may be a challenge or a nightmare, considering the subject, the user localization and the industry of this project.
Vision:
The problem is well explained and looks clear. The solution in question looks like a good fit. It is not actually revolutionary, it still may be exposed to some of the mentioned problems (can't prevent from the fraud entirely. and new types of fraud may arise purely targeted to such platform; high risks will still be in place, while the platform is not established alongside its currency and exchange means won't become free from financial risks etc.), but that's also a good thing, since it means easier market adoption.
Milestones and the whole business strategy are a bit broad, what leaves a lot of space for costly mistakes and fails.
Product:
Product is far from being ready. Legal part of this product looks extremely hard to delivery in a satisfactory manner for cross border loans, their correct taxation reporting and all unfortunate, but realistic loan default consequences.
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Invest A$500,000 in cash as capital
Create an initial community
Develop the whitepaper
Prepare to conduct the ICO
Define the system framework
Engineer the Dynamic Invoice Smart Contract
2
Stage 2
Develop the MVP
Conduct the ICO
3
Stage 3
Complete the MVP
Start user testing to guarantee the release of a quality product
