Therefore, to tackle this problem and to avoid such situations in the financial market, the platform Invox Finance has been developed which is based on the blockchain. The platform Invox Finance aims to develop a reliable environment which is transparent and trustworthy and which revolutionize the whole financial market. Invox Finance is developing a transparent environment for invoice lending between peers. The Invox finance is using blockchain which is very secured and reliable.Solution OfferedThe Invox finance is a decentralized platform which changes the traditional concept of invoice financing, where the buyer purchases an invoice from the merchant for the seller in order to receive cash quickly. The platform also going to develop a rewards system. All the transactions will be verified and executed by using smart contracts on the blockchain.The platform Invox Finance enables direct connections between sellers, buyers and investors, which will increase transparency to the invoice loan process. The flow of transactions and information will handle by the single service provider which will utilize a certain set of rules which is based on a current market scenario that will also increase the confidence to the platform.
Invox Finance EcosystemThe Invox platform is composed of:1.Dynamic Invoice Smart Contractswith this paper invoice converts into a smart contract.2.Loan Smart ContractsIt includes data pertaining and loan terms to the distribution of funds.3.User Access & Processing HubThe user interface and the processing hub includes the users, sellers, buyers or investors who will organize a business for verifying and purchasing the loans.4.Bank API IntegrationIt enables loans to be in fiat and to be paid in fiat and this integrates Invox banking partners with the system.Three Entities Involved In Invoice Financing
1.Buyer
2.Seller/lender
3.Financier
ICO Details & Team



