Invox Financial - Invoice distribution platform that enters a decentralized financing industry based on Blockchain technology
What is Invox Finance?
Invox Financial is an invoice distribution 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 Invo- tory Financial Platform with ABR Finance as the main investor.
The Most Frequent Problems
- Traditional invoice financing may have its own benefits, but there are also some challenges commonly associated with this practice.
- The buyer is completely excluded. The capitalists and sellers who make direct connections and interactions - in many cases, the buyer is left out. They are not told about the new situation and they really do not understand.
- Traditional practices leave a great room for deception and fraud. Financiers are entirely dependent on the seller for any information they get. What if the seller is a fraud? What if they forged invoices in the hope that they could sell them to an innocent funder?
- Traditional invoice funding is not transparent or clear. There is no transparent platform that will ensure that everyone will get the rights.
The main problem with traditional invoice financing is that investors buy invoices from sellers and advances against them have no direct relationship with the buyer. Financiers only trust the information provided by the seller. As a result, the relationship between the seller and the buyer is not entirely transparent to the investor, and therefore exposes the investor to the risk of an unpaid invoice as agreed or disputed.
Invox Finance came up with the idea of developing an invoice loan platform that allows anyone to connect and interact with business transactions. This platform will facilitate transparency between all parties involved so as to create an environment of mutual trust.
With Invox Finance, it is expected that basic operations will change. For beginners, rather than having a financier, we have what the investors call it. They are the people who invest their money in any potential scheme for their portfolio and investment objectives.
This platform will completely eliminate the need for investor involvement by linking businesses that want to accelerate their cash flow through the sale of their invoices, directly with investors who want to finance these invoices.
- The price is cheaper for the seller
Sellers will be able to obtain financing at lower interest rates than those normally received from traditional investors operating outside the block
- Dynamic Invoice in Distributed Ledger
Dynamic invoices give all parties the ability to update invoice information in realtime, ensuring conservation and managing access to sensitive information.
- Decentralized Platform
Invox Financial Platform will allow sellers, buyers, investors, and other service providers to directly connect, interact, share, and distribute information.
- Bringing All Parties Together
The Invoks Financial platform maintains trust and transparency between all parties through the permitted access, verification, and reward system built into it.
- Direct access to Investors
Invox Financial Platform will give sellers direct access to individual investors. This new direct loan environment will benefit both sellers and investors.
- New Way for Investors 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.
Invox Finance, will create smart contracts between investors, sellers, and buyers. When sellers offer invoices, their buyers know it. When there are interested investors, they will verify the condition of the invoice first.
Initial Coins Offer (ICO)
Pre-sale is about to begin! ICO sales are conducted with the aim of pre-selling affiliates to the system. By retaining Token Invox, the user is provided with a Trusted Members Program that can be used to access the platform. There are several discounts offered for those who participate in Invox Sales. As it started in a few days, do not miss it. Save the date. Here's the details.
There are two parts to the sale of ICO; Pre-ICO and ICO sales themselves. Pre-ICO will start on March 15th, 2018 and end on March 24th, 2018. With a contribution to Invox pre-sale you can earn 30% bonus. You can go directly to the official website and sign up for a bonus. Right after pre-sale, ICO sales will begin. It lasts for a month from April 15 to May 15 th. The sale of ICO is broken down into four stages where each stage offers different bonus values. For example, if you bought a token within the first two days, you will get a 20% bonus. But if you buy taken in the last days, there will be no bonus.
Invox Token and Usage
Invox tokens are issued for many functions and usages. First of all, it acts as an ICO investment in which an interested party can always buy tokens while the price is still low. During the pre-sale period, 1 Invox Token equals 0.0001 ETH. When the platform has been officially launched, its value will increase.
In addition, tokens will also be used as the main currency - especially for prizes. Buyers who verify their invoices will be rewarded, and buyers who eventually pay off their invoices. Sellers that provide full information about invoices will also be given tokens.
The Invox Token will grant the rights holder the right to access the Invox Financial 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. The ICO will be conducted in two parts with a bonus system that rewards the pre-ICO participants as well as during the ICO itself. The maximum amount of Invox Tokens printed will be released at the beginning of Pre-ICO, along with our open source smart contract at Github.
Token Distribution
Roadmap
The project roadmap is divided into three stages. The first stage is founder investment. The project team has had several years of experience in the invoice financing sector. In addition, they have established software used for conventional invoice financing called bespoke financing software. From this software, they have found some disadvantages of centralized systems. At this stage, the company's founders will spend 500,000 AUD on investment for the project. This investment is mainly used to design Dynamic Invoice Contracts. Dynamic digital formats are used for the purpose of fostering transparency and authenticity within the platform. Investment is also required to prepare white paper, build early communities, establish ICOs, and develop a framework for the system.
The second phase of the roadmap is the finalization of Initial Coin Offering (ICO) and Minimum Viable Product (MVP). After the MVP is reached, Invox Finance together with ABR finance will test the platform with ABR finance acting as the first client. In this trial, use cases will be demonstrated.
The last stage is the development of the platform itself. After the sale of ICO, Invox Finance will get some funds. Funds will be allocated to fully develop the platform. Then, the platform will be introduced to the public followed by the creation of a platform community consisting of merchants, buyers, and investors. The goal is to reach a large number of platform users. To attract users, the marketing team will work on multiple promotional strategies including partnering with others and making grassroots engagement.
Team
Invox Finance's main team consists of co-founders, advisory boards, and developers. There are three founders of Invox Finance. The first is Alex Mezhvinsky, who has over ten years experience in the digital finance industry and has been a co-founder and CEO of global providers. Other founders were his siblings, Adam Mezhvinsky, and Daniel Tang. Adam Mezhvinsky had previously been a data analyst for ABR Finance and the Commonwealth Government. Meanwhile, Mr. Tang is an expert in Fintech and Blockchain technologies.
The team also has other great members specializing in software engineering, business development, and legal counsel. In developing the project, the team is assisted by an advisory board of nine people with each having different skills. Looking at their background and experience, the whole team seems very convincing. More detailed information about their profiles can be accessed via LinkedIn.
If you have some questions about us, you can follow some of our official links to get more information.
By Audrey
Eth: 0x52242EF3Dcc07135c5176aC7bD9412Cf783253C9
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