Explore the words cloud of the Invoice Exchange project. It provides you a very rough idea of what is the project "Invoice Exchange" about.
The following table provides information about the project.
BORZA TERJATEV DOO
|Coordinator Country||Slovenia [SI]|
|Total cost||71˙429 €|
|EC max contribution||50˙000 € (70%)|
1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
|Duration (year-month-day)||from 2019-05-01 to 2019-07-31|
Take a look of project's partnership.
|1||BORZA TERJATEV DOO||SI (LJUBLJANA)||coordinator||50˙000.00|
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.
Are you the coordinator (or a participant) of this project? Plaese send me more information about the "INVOICE EXCHANGE" project.
For instance: the website url (it has not provided by EU-opendata yet), the logo, a more detailed description of the project (in plain text as a rtf file or a word file), some pictures (as picture files, not embedded into any word file), twitter account, linkedin page, etc.
Send me an email (firstname.lastname@example.org) and I put them in your project's page as son as possible.
Thanks. And then put a link of this page into your project's website.
The information about "INVOICE EXCHANGE" are provided by the European Opendata Portal: CORDIS opendata.
Dyme gives its users complete control over their financial situation. The Dyme application provides insight into users’ spending and subscriptions, and lets users cancel, negotiate, or switch any contRead More
IOT and cloud computing for online medical analysis service platformRead More
Utilizing an innovative chemical platform to defeat antimicrobial resistanceRead More