Clear Factor chooses Electi to build its Invoice Finance Ecosystem
Clear Factor has partnered with Electi Consulting to jointly develop its ecosystem. This coalition is a powerful combination considering that both parties have identified a collaborative approach that is unique in regard to Clear Factor’s product development. Electi’s profound understanding of complex digital product interactions, deep learning engineering, cryptography, payment channels, AI and information security, makes the team a perfect fit for Clear Factor’s high standards. Electi directors are members of the UCL Blockchain Centre for Blockchain Technologies (UCL CBT). Together we will build a robust, global platform where micro SMEs can trade their invoices to a global lending portfolio.
“We are re-engineering one of the most needed yet totally archaic financial products. Legacy credit providers like banks and alternative lenders have been using such products to draw on small and medium businesses by transforming them into cash cows and controlling their ledgers. Game-theoretical economics and peer to peer cryptographic aspects of decentralized payment networks apply to our system. These are complex new economic models and novel technologies that can only be built by the greatest minds in the fields of cryptography and AI. There aren’t many developers in the world who can work on such systems. Electi gives Clear Factor an edge in this market and a great margin when it comes to innovation in financial services “
Kaloyan Georgiev, Head of Research at Clear Factor
‘’This partnership will deliver an exciting, transparent and fair invoice finance opportunity to micro SMEs. We have been building blockchain-based platforms for over 6 years now and have a wealth of experience in cryptography, Blockchain/DLT, and artificial intelligence’’
Dr. Theo Mourouzis, Managing Director of Electi Consulting.
About Electi Consulting:
Electi is a team of experts that provide technical and business consulting in the areas of data science, machine learning, artificial intelligence, cryptography, blockchain applications, and information security. Their team comprises professionals and academics from top-tier universities with work experience in leading international organizations and institutions.
Some of Electi’s clients are the US Navy, European Central Bank, Ocean Finance, Lloyd’s Maritime Academy, Think Money Group, Nav Info, and MonoChain London.
About Clear Factor:
London-based Clear Factor Limited is building an open, transparent, decentralized and global ecosystem to bring fast low-cost invoice finance to small and medium businesses (SMEs) requiring cash flow while taking away the contractual binds, minimum factoring needs, charges, exit barriers, personal guarantees and performance-measures imposed by banks. Combining reward-based underwriting, CF-DF scoring, replication of successful investment strategies, a transparent auction and consensus between investors and the SME, Clear Factor will allow investors access to one of the safest and shortest time-framed investment instruments that have been hitherto available only to large funders.
Clear Factor aims to disrupt these global invoice finance markets and has built a passionate team with extensive experience in invoice finance, insurance, payments infrastructure, IT development, cybersecurity, decentralized protocols, and digital-asset trading. It’s building its MVP in partnership with Decimal Factor and Electi Consulting, which are both Clear Factor equity holders.
