Invoice financing platform Investly surpasses crowdfunding target
Invoice financing platform Investly has surpassed its initial crowdfunding goal of £500,002.
How to Create an Invoice Financing Sales Application (Maker and Authoriser are same person)
You are both the ‘Maker’ and ‘Authoriser’
Invox Finance ICO : A decentralised invoice financing solution
A decentralised invoice financing solution for a connected world
We are pleased to officially announce Invox Tokens Presale Date!
March 15th, 2018.
Save the date and mark it in your calendar now—this will be the very first step towards disrupting the $2.85tn invoice financing industry.
What is Invoice Financing?
Traditional invoice financing is based on a financier purchasing invoices from the seller. In return, the financier agrees to advance money to the seller against each invoice. The buyer who purchased the seller’s products must pay the invoices directly to the financier.
What will Invox Finance offer?
• Our platform will bring all parties together (namely the buyer)
• Experience dynamic invoices
• Receive fractionalised invoice loans
Join Telegram – https://t.me/InvoxFinance
Register for the Whitelist – invoxfinance.io
Hiveterminal testing (Blockchain based invoice financing platform)
Hiveterminal is a blockchain-based platform that offers a peer-to-peer bridge between small businesses and liquidity. By applying blockchain technology to factoring, the Hiveterminal (https://www.hiveterminal.com) creates a distributed and highly efficient public ledger to open up new sources of finance to SMEs. This innovation enables businesses to automate the invoicing process, bringing the benefits of blockchain technology closer to commercialization – and biting into the global invoice financing market, which surpassed EUR 3 trillion in annual volume this year.
How Does Invoice Financing Work?
Invoice finance or invoice discounting is a form of short-term borrowing often used to improve a company’s cash flow.
A business will enter into an agreement with a finance company.
This will allow the business to borrow a percentage of the outstanding sales invoices they have.
For example. If a business has 1 million in outstanding invoices and the finance company will lend them 80 percent of this, they can borrow 8 hundred thousand pounds.
The invoices act as a security for the finance company.
When the business raises new invoices and customers pay their invoices the amount that can be borrowed will change to make sure the maximum is always 80% of the outstanding invoice balance or whatever has been agreed with the finance company.
The finance company will often charge a fee for its service along with interest on the amount the business borrows. This is usually an expensive way to borrow money. The finance company may also refuse to lend against some invoices they see as being a bad credit risk.
For the business it means they have instant access to funds to help their cash flow. They will only pay interest on the amount they borrow and their suppliers do not need to be aware of the agreement.