Introducing Invox Finance
“An Invoice lending platform connecting sellers, buyers and investors on the blockchain.”
Who is Invox Finance?
Invox Finance Pty Ltd was founded by members of the ABR Finance Pty Ltd team. The Invox Finance Platform is a decentralised peer-to-peer invoice lending platform that will allow sellers, buyers, investors and other service providers to directly connect, interact, share and distribute information. The platform will create a trusting environment by facilitating transparency between parties and rewarding performance.
What is the problem Invox Finance is solving?
The key issue with traditional invoice financing is that the financier purchasing an invoice from the seller and advancing the funds against it does not have a direct relationship with the buyer. The financier solely trusts the information provided by the seller. As a result, the relationship between the seller and the buyer is not completely transparent to the financier, and therefore exposes the financier to a considerable risk of the invoice not being paid as agreed or disputed.
How will the Invox Finance Platform solve the problem?
This platform will disrupt and revolutionise traditional invoice financing by implementing a system where trust and transparency between all parties is developed through an in-built reward system. In addition, the execution of transactions and flow of information will not be dependent on one single centralised service provider, but instead governed by a transparent set of rules executed on a fully distributed ledger.