Invox Finance engages Mo Works in launching their first ICO
Invox Finance looks to connect sellers, buyers and investors on the blockchain to deliver a complete ecosystem that is reliable and transparent.
Today, many small and medium-sized enterprises (SMEs) involved in the supply of goods and services struggle to stay afloat due to cash-flow problems and are unable to meet day-to-day expenses and commitments.
Seeking to replace traditional static invoicing, Invox Finance was founded by members of the ABR Finance Pty Ltd team, a successful invoice financing company based in Australia.
“Invoice financing is a growing sector of the market valued at approximately $2.85 trillion USD. Our vision is to make invoice financing easier, cheaper and more accessible to SMEs and provide individual investors with an investment option that is largely currently only available to banks and finance companies. We will also change how businesses interact with invoices by introducing dynamic invoicing,” said Invox Finance Managing Director, Alex Mezhvinsky.
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.
This platform will completely eliminate the need for a financier’s involvement by connecting businesses that wish to accelerate their cash-flow through selling their invoices directly with investors who wish to finance these invoices.
Together with Mo Works, Invox Finance will be launching their first ICO this year with the aim of selling Invox Tokens to institutional and retail partners.
This strategic partnership is set to propel Invox forward in their marketing. With a promising product, a strong advisory team which is soon to be announced, and now a design and marketing team with full-stack capabilities, we expect great things for Invox.
The ICO will assist in developing the Invox Finance Platform as well as to market the service and to build a community that supports the platform.
By participating in the Invox Finance ICO, participants will be provided with Invox Tokens at a significant discount, which will entitle its holders to access the Invox Finance Platform through the Trusted Member Program.
To read more on the white paper: Invox Finance Platform White Paper
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For more information on Invox Tokens:
Invox Tokens will also be given as rewards by the Invox Finance Platform to buyers and sellers for verifying invoices and upon the settlement of loans. The amount of the Invox Tokens awarded to the buyer and seller will be in proportion to the value of the invoice. As the Invox Finance Platform grows so will the total value of the invoice loans within it. Consequently, when the total value of the invoice loans increases so will the rewards (in Invox Tokens) for verifying the invoices. Additionally, each seller will need to have tokens to pay for a yearly membership fee.