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Wednesday, March 21, 2018

INVOX - A Successful Invoicing Financing Company Based In Australia

Foto Invox Finance.

Hello Everyone,

Who is Invox Finance?

Invox Finance Pty Ltd was founded by members of the ABR Finance Pty Ltd team, a successful invoice financing company based in Australia. As our team is currently undergoing an expansion phase, please visit our website (www.invoxfinance.io) for the most up to date information on our team.

What is Invoice Financing?
Traditional invoice financing is based on a financier purchasing invoices from the seller.1 In return, the financier agrees to advance monies to the seller against each invoice. The buyer 2 who purchased the seller’s products must pay the invoices directly to the financier.

What is the key issue with traditional Invoice Financing?
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 Invox Finance Platform solve the problem?
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 aims to create a trusting environment by facilitating transparency between parties and rewarding performance.
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.

Who will use our system?
– Investors3 seeking higher rates of return and diversification of their investment portfolio.
– Sellers who have invoices they wish to sell to accelerate their cash-flow.
– Buyers who will receive extended invoice payment periods and be rewarded for verifying invoices.

Will the users of the system need to know anything about blockchain?
No, the user interface on the Invox Finance Platform will create a seamless user experience. In particular, the user interface will allow for all payments to be made in fiat currencies by utilising our banking partners’ API.

What is an Invox Token?
Invox Tokens will be created on the Ethereum network using the ERC-20 standard and will have the following utility:
– provide access to the platform through the Trusted Member Program; and
– reward work performed for the platform. That is, the system will reward buyers and sellers with Invox Tokens for invoice verification, payment of invoices and settlement.

How can I get involved?
We are raising funds to develop the system, market the service and build a community. The founding team will have invested over $500,000 AUD in cash at the completion of the ICO. Invox Finance intends to offer Invox Tokens to institutional and retail investors to help fund the evolution of invoice financing. You can also get
involved by joining the Invox Finance community and participate in bounty programs.

Why should I participate in the Initial Coin Offering?
Invox Tokens will entitle its holders to access the Invox Finance Platform through the Trusted Member Program.1 By participating in the Invox Finance two stage ICO, you will be provided with the opportunity to acquire Invox Tokens at a discount.

How is our ICO being run?
The ICO is being run in two parts with a bonus system rewarding participants in the pre-ICO as well as during the ICO itself. For more information visit www.invoxfinance.io. 

The Platform Overview

The Invox Finance Platform is a distributed peer-to-peer invoice lending platform that will allow sellers, buyers, investors and other service providers to connect, interact, share and distribute information. This platform will facilitate an eco-system where trust between the parties is developed via an in-built reward system. The execution of transactions and flow of information are not dependent on one single centralised service provider, but are governed by a transparent set of rules executed on a fully distributed ledger. 

This will further promote the confidence of all parties in each other as well as furthering the successful completion of each invoice lending transaction. Furthermore, the Invox Finance Platform will provide sellers (who wish to borrow funds against their invoices) direct access to individual investors. This peer-to-peer lending environment will benefit both the sellers and the investors. Sellers will be able to obtain financing at lower interest rates than otherwise received from a financier. Investors will be granted access to an investment product that is for the most part currently only available to the banks and finance companies.

The Invox Finance Platform will comprise of the following:
1. The Blockchain or Distributed Ledger (Ethereum Network)
2. Dynamic Invoice Smart Contracts
3. Loans Smart Contracts
4. User Access and Processing Hub

Initial Coin Offering

Token Value
1 INVOX = 0.0001 ETH
Max Cap
Main Sale Minimum Buy
20,000 ETH ~ $17m USD¹
ETH 0.1
Pre-sale Max Cap
2,941 ETH ~ $2.5m USD¹
Pre-Sale Minimum Buy
ETH 1.0

Token Allocation & Sales Structure

Track every giant leap.

Stage 1
Invest A$500,000 in cash as capital
Create an initial community
Develop the whitepaper
Prepare to conduct the ICO
Define the system framework
Engineer the Dynamic Invoice Smart Contract
Stage 2
Develop the MVP
Conduct the ICO
Stage 3
Complete the MVP
Start user testing to guarantee the release of a quality product

For More Information:

Bitcointalk username :Aray80

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