Invox Finance ICO (INVOX)

The Most Innovative Invoice Lending Platform


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.

Business services
4.5

by expert rating and reviews


4.4
ICO PROFILE
4.8
TEAM
4.4
VISION
4.6
PRODUCT
Ended
Token INVOX
Platform Ethereum
Country Australia
ICO Start Date 15 Mar 2018
ICO End Date 24 Mar 2018

About Invox Finance

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:

  1. Lack of contact between involved parties
  2. Transparency issues surrounding the process
  3. Security issues
  4. Risks for investors
  5. 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:

  1. The inclusion of the buyer in the platform
  2. Creation of dynamic instead of static paper-based invoices
  3. Equal access for investors (no bidding on invoices)
  4. Loan fragmentation
  5. A greater amount of invoice financing experience

Team

Alex Mashinsky member of Invox Finance ICO
Alex Mashinsky
David Lu member of Invox Finance ICO
David Lu
Michael Bacina member of Invox Finance ICO
Michael Bacina
Mo Hamdouna member of Invox Finance ICO
Mo Hamdouna
Boris Mezhvinsky member of Invox Finance ICO
Boris Mezhvinsky
Chris McLoughlin member of Invox Finance ICO
Chris McLoughlin
Kyle Hornberg member of Invox Finance ICO
Kyle Hornberg
James Waugh member of Invox Finance ICO
James Waugh
JP Thor member of Invox Finance ICO
JP Thor
Alex Mezhvinsky member of Invox Finance ICO
Alex Mezhvinsky
Co-founder
Adam Mezhvinsky member of Invox Finance ICO
Adam Mezhvinsky
Co-founder
Daniel Tang member of Invox Finance ICO
Daniel Tang
Co-founder
Victoria Mezhvinsky member of Invox Finance ICO
Victoria Mezhvinsky
In House Legal Counsel
Jose Luis Ramirez member of Invox Finance ICO
Jose Luis Ramirez
Lead Software Engineer
Lucas Cullen member of Invox Finance ICO
Lucas Cullen
Lead Solidity Developer - Contractor
Henry Sit member of Invox Finance ICO
Henry Sit
Business Development Manager

Milestones

Financial

Token Sale Info
Token INVOX
Token Type ERC20
Platform Ethereum
Investment info
Accepting ETH
Distributed in ICO 55%
Hard cap 20000 ETH

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