Invox Finance: Decentralizing the Invoice Financing Industry for Easy and Seamless Connectivity

The traditional global invoice financing industry, being large market of about 2.85 trillion is faced with a number of challenges. In the traditional invoice financing, the financier purchasing an invoice from the seller and advancing the funds to the same, do not have a direct relationship with the buyer. And therefore, only has to depend on the information provided by the seller. Consequently, the relationship between the buy and the seller is not clear to the financier, forcing him to engage in a risk of not having the invoice paid or the invoice being disputed.

Furthermore, issues of fraud on behalf part of the seller, where he cooks up counterfeit invoice in order to defraud the financier, or issue one and the same invoice to numerous financiers, has led to serious problems in the invoice financing space. One major effect of this is that financiers now have to bring up cumbersome and time-taking invoice financing process before an invoice financing can be executed, thereby giving small and medium-sized business a hard time obtaining quick funds for their invoices.

There is generally, lack of transparency between all the parties involved in the traditional invoice financing industry, and this is why Invox Finance has come up with a blockchain solution to solve these problems and decentralize the invoice financing industry.https://www.invoxfinance.io/

Invox Finance is a decentralized peer-to-peer invoice lending platform that will help sellers, buyers, investors and other service providers connect directly. In a nutshell, it aims to create trust in the invoice financing space in order to accelerate transparency between the parties involved and reward their performances, thereby disrupting and revolutionizing the traditional invoice financing industry.

The uniqueness of Invox Finance is based on;
• It is a Decentralized platform: connecting buyers, sellers, investors and other service providers directly, helping them interact, share and distribute information among each other.
• Direct access to investors: being a peer-to-peer lending environment, it will allow sellers to have direct access to investors who are willing to finance their invoices.
• Lower rates for sellers: financing interest rates charged on the invox platform will be far less than that charged by the traditional financier.
• It is a new way for investors to diversify: investors will have the opportunity to invest in products that ordinarily are mainly accessible by banks and large finance companies. Also, on the Invox Finance platform, investors will be exposed to loan products comprising of loan fragments from a wide variety of business enterprises across industries all over the world.

To get more detailed information, please download the Invox Finance White Paper at https://www.invoxfinance.io/docs/Invox-Whitepaper.pdf

Invox finance will comprise of:
 The blockchain or distributed ledger (on the Ethereum network)
 Dynamic invoice smart contracts
 Loans smart contracts
 User access and processing hub
To accelerate the development of the project, Invox Finance will issue an Initial Coin Offering (ICO) of its Token (INVOX), an ERC-20 compliant token.
During the ICO, 1 INVOX = 0.0001ETH, and the minimum purchase requirement will be 0.1ETH for both the pre-sale and main sale.

The sales structure for the ICO is given as follows;

The pre-sale is on-going. Click on https://ico.invoxfinance.io/ to sign up

For further information on the ICO, kindly visit https://www.invoxfinance.io/
Join the Invox Telegram community for updates
https://t.me/InvoxFinanceCommunity

Authored By: https://bitcointalk.org/index.php?action=profile;u=1156227

Wallet Address: 0x855382e202d3dcadfda10f62969b38dcee558270