Invox Finance — Solving Cash Problems With Low Interest Rates

3 min readApr 28, 2018

The traditional invoice financing model does not create a direct
relationship between the person funding an invoice and the person
paying that invoice. Our proposal is to create a decentralised
platform which will connect all parties, distribute information and
execute the terms and conditions of each transaction with greater
visibility and confidence of all involved.

Who is Invox Finance?

Invox Finance is a blockchain based platform with a very high transaction security level, as well as transparent transactions. In this case, Invox Finance creates a decentralized cross border collection lending platform that allows sellers, buyers, investors, and other service providers to directly connect, interact, share and distribute information. 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

How Traditional Invoice Financing Works

First Transaction
Invoice financing is based on the financier purchasing
invoices from the seller. Once the financier approves a seller for an invoice finance facility, the financier will agree to advance monies to the
seller against each invoice. When the seller issues the invoices to a buyer, the seller will request funding from the financier against these invoices (usually up to 80% of the face value of each issued invoice). The financier will then advance the agreed amount to the seller. The financier will be relying on the invoices to be paid directly to them by the buyer in due course, in order to have their invoice finance loan repaid.
Second Transaction
When the financier receives a full payment for a funded invoice from the buyer, it will return the balance of the invoice value to the seller less its fee. Usually this is 20% less any fees or interest

The Invox Finance Platform will comprise of the following:

The Blockchain or Distributed Ledger
(Ethereum Network)
Dynamic Invoice Smart Contracts
Loans Smart Contracts
User Access and Processing Hub

Invox Tokens

In conjunction with the Invox Finance Platform, an Invox Token will be
created on the Ethereum Network. Invox tokens will utilise the ERC-20 token standard and will have the following utility:

Provide Access
The Invox Tokens will provide sellers with access to the Invox Finance Platform. Through the Trusted Member Program each seller will be required to hold a certain amount of Invox Tokens to gain access to higher levels of invoice financing
Reward Work Performed
The system will reward buyers and sellers with Invox Tokens for the verification and payment of invoices.

Token Allocation & Sales Structure