Invox Finance Invox Finance

Business services Investment Smart Contract
The Invox Finance Platform is an invoice lending platform disrupting a US$2.8 trillion industry. Lead by a stellar team with over $30 million of invoice financing behind them, Invox Finance is creating a decentralized peer-to-peer invoice lending platform that will allow sellers, buyers, investors, and other service providers to directly connect, interact, share and distribute information.

Currently, the invoice financing industry is held back by: High-interest rates, Lack of contact between parties, High risks, Lack of investment divers it, Disputes, Defrauding, Insolvency.

Invox Finance’s decentralized platform allows dynamic invoices to be created on a distributed ledger, benefiting all parties from an increase in trust, transparency, efficiency, and security with minimal fees. Invoice fragmentation allows investors to spread their risk across hundreds of invoices, allowing for very low-risk investments with maximum returns.
Details
General
Country
Australia
Website
Whitepaper
Token info
Token
INVOX
Available for sale
320000000 INVOX
Financial
ICO price
1 INVOX = 1.0E-5 ETH
Accepting
ETH
Hardcap
20000 ETH
Distributed
55 %
Minimum
0.1 ETH
About
The Invox Finance Platform is an invoice lending platform disrupting a US$2.8 trillion industry. Lead by a stellar team with over $30 million of invoice financing behind them, Invox Finance is creating a decentralized peer-to-peer invoice lending platform that will allow sellers, buyers, investors, and other service providers to directly connect, interact, share and distribute information.
Currently, the invoice financing industry is held back by:

High-interest rates
Lack of contact between parties
High risks
Lack of investment diversity
Disputes
Defrauding
Insolvency

Invox Finance’s decentralized platform allows dynamic invoices to be created on a distributed ledger, benefiting all parties from an increase in trust, transparency, efficiency, and security with minimal fees. Invoice fragmentation allows investors to spread their risk across hundreds of invoices, allowing for very low-risk investments with maximum returns.
The founders of Invox Finance have many years experience running a successful invoice financing company in Australia - ABR Finance. ABR Finance has been in operation since 2012 and has helped fund businesses throughout Australia with $30 million AUD in invoicing, across a broad range of industries including IT, wholesale, construction, transport, engineering, equipment and labor hire, publishing and professional services. ABR Financing will also partner with the Invox Finance Platform to provide an initial reputable investor for sellers.

Currently, only one other competitor exists in this space - Populous Invoice Discounting, who has a market cap valued at over $800 million dollars at the time of writing. Invox Finance has the utmost respect for the goals the Populous team is aiming to achieve. The currently centralized invoice financing environment is in need of disruption, and both Invox Finance and Populous are at the front line.
Current invoice financing methods are stagnant and in need of disruption. Invox Finance solves the:

Lack of contact between involved parties
Transparency issues surrounding the process
Security issues
Risks for investors
Risk of fraud

through the creation of dynamic invoices on a distributed ledger, connecting buyers, sellers and investors throughout the entire process.
Invox differs from Populous in these cases:

The inclusion of the buyer in the platform
Creation of dynamic instead of static paper-based invoices
Equal access for investors (no bidding on invoices)
Loan fragmentation
A greater amount of invoice financing experience
Team
Alex Mashinsky
David Lu
Michael Bacina
Boris Mezhvinsky
Chris McLoughlin
Kyle Hornberg
James Waugh
JP Thor
Mauro Presicce
Partnerships Advisor
Conston Taylor
ICO advisor
Alex Mezhvinsky
Co-founder
Adam Mezhvinsky
Co-founder
Daniel Tang
Co-founder
Victoria Mezhvinsky
In House Legal Counsel
Jose Luis Ramirez
Lead Software Engineer
Lucas Cullen
Lead Solidity Developer - Contractor
Henry Sit
Business Development Manager
Milestones
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
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