Invoice Exchange
Financiado
Invoice Exchange safe digital peer to peer banking for SMEs
Invoice Exchange marries positives of both, safe conventional banking and convenience of fin-tech paradigm. Conventional banking is slow and un-adjusted for fast processing of micro funding transactions. It takes minimum 2-3 weeks...
Invoice Exchange marries positives of both, safe conventional banking and convenience of fin-tech paradigm. Conventional banking is slow and un-adjusted for fast processing of micro funding transactions. It takes minimum 2-3 weeks, significant amount of paperwork, and a high credit score for banks to approve a short-term loan or a factoring line for a SME. Also, banks keep interest rates on deposits at or below 0%, which results in businesses and creditors seeking alternatives for enriching their assets. On the other hand, existing peer-to-peer platforms offer none or very limited risk management for their creditors. This results in not fully exploited potential of acquiring creditors and in slower market uptake of such platforms.
Invoice Exchange is a fully automated and streamlined peer-to-peer invoice financing platform for businesses. Designed as an online factoring marketplace, the Invoice Exchange provides super-fast, on-line, on-demand funding with a click of a button for SMEs seeking working capital. And easy, efficient, low-risk alternative to short-term bank deposits for companies with surplus liquidity. Invoice exchange is a real-time trading and settlement system with integrated credit risk management engine that uses external corporate data to reduce creditors' risks. Invoices are sold with a click, pay-outs in 2 hours, companies are assessed in real-time. In last 3 years, Invoice Exchange has been gaining traction on a pilot market in Slovenia, resulting in 5-6% average yield on deposits, 100+ paying clients, 35 mio € transaction volume, and 350k revenue.
In the feasibility study, the company wants to perform in-depth market analysis for Polish and Croatian market, which are chosen as first internationalization targets. Also, product development requirements will be assessed, along with a thorough economic viability.
Total addressable market value in these three countries is 600+ mio EUR, and 15 mio EUR revenue is projected for the next 5 years.
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Duración del proyecto: 3 meses
Fecha Inicio: 2019-04-05
Fecha Fin: 2019-07-31
Fecha Fin: 2019-07-31
Línea de financiación: concedida
El organismo H2020 notifico la concesión del proyecto el día 2019-07-31
Línea de financiación objetivo
El proyecto se financió a través de la siguiente ayuda:
EIC-SMEInst-2018-2020:
SME instrument
Cerrada
hace 6 años
Presupuesto
El presupuesto total del proyecto asciende a
71K€
Líder del proyecto
BORZA TERJATEV DOO
No se ha especificado una descripción o un objeto social para esta compañía.
Perfil tecnológico
TRL
4-5
Perfil tecnológico
TRL
4-5
699.84K€ |
Participante