Invobit is building a virtual factoring agency for the discounting and cashing of pending invoices by combining crypto-ledger technologies with e-invoicing technologies.
• Smart invoicing with digitally signed invoices becoming tradable Real-Bills.
• Real-Bills can be auctioned and re-auctioned.
• Sellers get to provide credit without having to carry it.
• Buyers get easy short-term credit to fund working capital.
• Investors get a source of returns.
1. Creation of IOUs and HOUs on Ripple’s crypto-ledger with the following modules: Issue, Auction, Clearing and Reputation.
2. Integration with e-invoicing systems (OB10, Tradeshift, Ariba, Baseware)
Transaction fees on Real-Bills auctioning.
Short-Term Action Plan
Proof-of-concept, market validation from big brand names such as Amazon, determine the legal framework, design a fully regulatory compliant system and raise series A.