Invox Finance - The Most Innovative Invoice Lending Platform

The ideas and concepts in this paper draw on the founders’ many years of experience running a successful invoice financing company in Australia -ABR Finance Pty Ltd (www.abrfinance.com.au). 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 labour hire, publishing and professional services.We understand that one of the main challenges facing small to medium-sized enterprises today is the ability to maintain a healthy cash-flow. Even a successful business which delivers quality goods or services, to a loyal customer base, can run into trouble if they experience an unavoidable, periodic drop in cash-flow. An Australian Securities and Investments Commission report into corporate insolvencies found that 40% of businesses had inadequate cash flow or high cash use.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.