Invox Finance_ Will Give Sellers Direct Access To Individual Investors.
The Invox Finance platform is an invoice loan platform that enters the invoice financing industry worth US $ 2.8 trillion.
The team at ABR Finance Pty Ltd is behind Invox Finance. ABR Finance is a successful invoice finance company and has helped fund businesses across Australia with A $ 30 million in invoicing.
ABR will also become the first customer of Invox Finance, enabling some sellers and buyers to test the Invox Finance Platform with ABR Finance as a leading investor.
Problem
The main problem with traditional invoice financing is that the investor buys the invoice from the seller and advances the funds against it has no direct relationship with the buyer. Financiers only trust the information provided by the seller. Consequently, the relationship between the seller and the buyer is not entirely transparent to the investor, and therefore exposes the financier to a considerable risk of an unpaid invoice as agreed or disputed.
Summary of potential problems
Sellers and buyers may collude or conspire together to fool the financiers.
Seller may issue invoices for services that have not been fully completed or products that do not conform to agreed specifications or requirements
Buyers may dispute payment obligations.
There is also a problem with the complexity of the process and the legal documentation involved. The preparation and implementation of legal documents is exhausting and costly and may involve a number of third party providers.
Buyers can become bankrupt and unable to pay invoices.
The seller, in breach of its agreement with the funder, may order the buyer to pay the invoice directly to them and not refund to the investor.
Invox Finance Model
We plan to disrupt and revolutionize the traditional invoicing industry by implementing a global distributed peer-to-peer loan platform called the Invox Finance platform.
This platform will completely eliminate the need for the involvement of a financier by linking businesses that want to accelerate their cash flow through the sale of their invoices, directly with investors who want to finance this invoice.
Decentralized Platform
The Invox Finance platform will enable sellers, buyers, investors, and other service providers to directly connect, interact, share and distribute information.
Lower Rates For Sellers
Sellers will be able to obtain financing at low interest rates than those normally received from traditional investors operating outside blockchain.
Dynamic Invoice in Distributed Ledger
Dynamic invoices provide all parties with the ability to update invoice information in realtime, ensure conservation and manage access to sensitive information.
Bringing All Parties together
The Invox Finance platform maintains trust and transparency between all parties through the permitted access, verification, and reward system built into it.
Direct Access to Investors
The Invox Finance platform will give sellers direct access to individual investors. This new direct loan environment will benefit both sellers and investors.
Investors A New Way To Diversify
The Invox Finance platform will expose investors to loan products consisting of loan fragments from businesses in various industry sectors.
Reduce Risk
Invoice loans will be divided into smaller sections allowing investors to purchase loan fragments to reduce their risk profile and increase their diversification.
Who will use the Invox Finance Platform
Sellers that have invoices they want to sell to accelerate their cash flow
Investors seek higher returns and diversify their investment portfolios
Buyers who will receive an invoice payment period are renewed and rewarded for verifying the invoice
Invox Token
In conjunction with the Invox Finance platform, Token Invox will be created on the Ethereum Network.
Give Access
The Invox Token will grant the seller access to the Invox Finance Platform. Through the Trusted Members Program, each seller will be required to pay a certain amount of Invox Token as an annual membership to gain access to the platform.
Reward Work Performed
The system will reward buyers and sellers with Invox Tokens for verification and invoice payments.
Invox Token Dissemination
Initial Coins Offer
The reason behind doing ICO is to pre-sell membership to the system through the sale of Invox Tokens.
Invox Token will grant the right holder to access the Invox Finance Platform through the Trusted Members Program. By participating in the Invox Finance two-stage fundraising process, you will be given the opportunity to earn Invent Tokens at a discount.
ICO will be conducted in two parts with a bonus system that rewards participants in pre-ICO as well as during ICO itself. The maximum number of printed Invox Token will be released at the beginning of Pre-ICO, along with our open source smart contract in Github.
Roadmap and Target
Stage 1
During the initial phase, the team will invest more than $ 500,000 of Cash AUD to Invox Finance. This investment is used to create an early community, develop this white paper, prepare to do ICO, create a system framework, and most importantly is to design a Dynamic Invoice Contract.
Phase 2
The main objective is to complete the pre-ICO phase, start developing Minimum Sustainable Products (MVP) and complete the complete ICO.
Stage 3
Once funded by ICO, we will complete the MVP and begin rigorous user testing to ensure the release of quality products.
Team
Further information:
The team at ABR Finance Pty Ltd is behind Invox Finance. ABR Finance is a successful invoice finance company and has helped fund businesses across Australia with A $ 30 million in invoicing.
ABR will also become the first customer of Invox Finance, enabling some sellers and buyers to test the Invox Finance Platform with ABR Finance as a leading investor.
Problem
The main problem with traditional invoice financing is that the investor buys the invoice from the seller and advances the funds against it has no direct relationship with the buyer. Financiers only trust the information provided by the seller. Consequently, the relationship between the seller and the buyer is not entirely transparent to the investor, and therefore exposes the financier to a considerable risk of an unpaid invoice as agreed or disputed.
Summary of potential problems
Sellers and buyers may collude or conspire together to fool the financiers.
Seller may issue invoices for services that have not been fully completed or products that do not conform to agreed specifications or requirements
Buyers may dispute payment obligations.
There is also a problem with the complexity of the process and the legal documentation involved. The preparation and implementation of legal documents is exhausting and costly and may involve a number of third party providers.
Buyers can become bankrupt and unable to pay invoices.
The seller, in breach of its agreement with the funder, may order the buyer to pay the invoice directly to them and not refund to the investor.
Invox Finance Model
We plan to disrupt and revolutionize the traditional invoicing industry by implementing a global distributed peer-to-peer loan platform called the Invox Finance platform.
This platform will completely eliminate the need for the involvement of a financier by linking businesses that want to accelerate their cash flow through the sale of their invoices, directly with investors who want to finance this invoice.
Decentralized Platform
The Invox Finance platform will enable sellers, buyers, investors, and other service providers to directly connect, interact, share and distribute information.
Lower Rates For Sellers
Sellers will be able to obtain financing at low interest rates than those normally received from traditional investors operating outside blockchain.
Dynamic Invoice in Distributed Ledger
Dynamic invoices provide all parties with the ability to update invoice information in realtime, ensure conservation and manage access to sensitive information.
Bringing All Parties together
The Invox Finance platform maintains trust and transparency between all parties through the permitted access, verification, and reward system built into it.
Direct Access to Investors
The Invox Finance platform will give sellers direct access to individual investors. This new direct loan environment will benefit both sellers and investors.
Investors A New Way To Diversify
The Invox Finance platform will expose investors to loan products consisting of loan fragments from businesses in various industry sectors.
Reduce Risk
Invoice loans will be divided into smaller sections allowing investors to purchase loan fragments to reduce their risk profile and increase their diversification.
Who will use the Invox Finance Platform
Sellers that have invoices they want to sell to accelerate their cash flow
Investors seek higher returns and diversify their investment portfolios
Buyers who will receive an invoice payment period are renewed and rewarded for verifying the invoice
Invox Token
In conjunction with the Invox Finance platform, Token Invox will be created on the Ethereum Network.
Give Access
The Invox Token will grant the seller access to the Invox Finance Platform. Through the Trusted Members Program, each seller will be required to pay a certain amount of Invox Token as an annual membership to gain access to the platform.
Reward Work Performed
The system will reward buyers and sellers with Invox Tokens for verification and invoice payments.
Invox Token Dissemination
- 45% Marketing
- Investment Fund 20%
- 15% System Development
- 19% Service
- 1% Other Fee
Initial Coins Offer
The reason behind doing ICO is to pre-sell membership to the system through the sale of Invox Tokens.
Invox Token will grant the right holder to access the Invox Finance Platform through the Trusted Members Program. By participating in the Invox Finance two-stage fundraising process, you will be given the opportunity to earn Invent Tokens at a discount.
ICO will be conducted in two parts with a bonus system that rewards participants in pre-ICO as well as during ICO itself. The maximum number of printed Invox Token will be released at the beginning of Pre-ICO, along with our open source smart contract in Github.
Roadmap and Target
Stage 1
During the initial phase, the team will invest more than $ 500,000 of Cash AUD to Invox Finance. This investment is used to create an early community, develop this white paper, prepare to do ICO, create a system framework, and most importantly is to design a Dynamic Invoice Contract.
Phase 2
The main objective is to complete the pre-ICO phase, start developing Minimum Sustainable Products (MVP) and complete the complete ICO.
Stage 3
Once funded by ICO, we will complete the MVP and begin rigorous user testing to ensure the release of quality products.
Team
- Alex Mezhvinsky - Co-Founder
- Adam Mezhvinsky - Co-Founder
- Daniel Tang - Co-Founder
- Victoria Mezhvinsky - Legal Counsel In House
- Jose Luis Ramirez - Head of Software Technician
- Lucas Cullen - Lead Solidity Developer - Contractor
- Henry Sit - Business Development Manager
Further information:
- Website: https://www.invoxfinance.io/
- Twitter: https://twitter.com/InvoxFinance
- Facebook: https://www.facebook.com/invoxfinance/
- Medium: https://medium.com/@invox_finance
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