What is Invox Finance..?

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 Hasil gambar untuk invox finance ico

The [Invox Finance Platform](https://www.invoxfinance.io/ is a decentralised peer-to-peer invoice lending platform that will allow sellers, buyers, investors and other service providers to work directly with each other in order to finance invoices.
Small and medium-sized companies specializing in the sale of products or services often have difficulty maintaining their cash flow. In B2B transactions (intercompany), the seller to compete usually offers a significant payment deadline to the buyer. These delays can vary between 7 and 90 days, but this generosity can cause liquidity problems to the seller to pay its obligations or to expand its business.

To solve this cash flow problem, the company uses a factoring financing system. This system consists of sellers who have sent orders and issued the appropriate invoices, to directly finance the amount of their bills by the credit agency. Upon receipt of the financing from the seller, the seller must then provide the credit institution RIB to the buyer for the invoice payment. Factoring is a great way for businesses to get early payouts and delegate parts of the collection to third parties in the event of a buyer default. The purpose of Invox Finance is to direct this sector by establishing a Marketplace that will manage the factoring market. This platform will bring together sellers, buyers and investors, but also third parties such as rating agencies or insurance companies.

Sellers will be able to access billing financing at a more attractive rate as they will be financed directly by individuals, enabling them to fulfill their immediate obligations and accelerate their development. Buyers will receive a bonus when they confirm the authenticity of an invoice issued by the seller. Investors will have access to markets that are currently mostly owned by banks and credit institutions.

Investors will be able to rely on ratings given by rating agencies to diversify their portfolios. The Invox Finance platform will divide each invoice into smaller parts allowing investors to invest in a large number of assets. The Invox Finance platform will be implemented with decentralized blockchain technology. This will build trust from all parties against each other and support the success of any loan based transaction.

This platform secures all transactions and reduces risk by introducing buyer valuation system and invoice verification by buyer. This eliminates the risk of fake invoices, seller frauds that can subscribe to credit at the level of some credit agencies for a given invoice or who can contract credit and at the same time collect invoice payments made by the buyer. At the platform level, investors will be able to invest in Fiat currency (euro, dollar ...) and sellers will be able to recover their financing in Fiat as well.

Vendors to access investor financing should purchase monthly or yearly subscriptions with Invox Finance tokens, tokens will also pay buyers and sellers when they check or pay bills at the platform level.
For more information about Invox or invoice financing visit our overview here.

Key Partnerships

Invox has recently announced two key partnerships and each will play a vital role in this projects success.

Celsius Network

The first partner announced was the Celsius Network. The Celsius Network is a P2P decentralized lending and borrowing platform.
This may sound a lot like Invox but is less specialized overall. The two platforms will work together in this way:
  • Businesses on Invox will offer their invoices to investors.
  • Lenders (Investors) from Celsius Network will provide the financing for these invoices.
In a nutshell, Celsius Network is going to provide a built in lending base for Invox.

SelfKey

SelfKey is a digital identity platform that allows identities to be verified via the blockchain.
SelfKey will provide KYC and identity verification during the tokensale but more importantly it will continue to provide its services during the operational phase of Invox.
By partnering with SelfKey, Invox can assure its customers that their money and invoices are safe.

Summary

Invox Finance has paired up with two solid projects that offer vital services, a lending base and KYC. Integrating with projects will allow the team to focus on their own mission without having to spend time and resources on KYC or immediate lending base acquisition.
For more information:
Author:
Eth: 0x3366990fc9Fc021938E7E7a1fbB0c669D27ba49e

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