Periodic Reporting for period 2 - IRP (European companies will be more competitive by Invoice Risk Prediction and a Truly Transparent and Fair Global Factoring Spot Market.)
Okres sprawozdawczy: 2021-04-01 do 2022-08-31
The world and our children are facing increasing challenges and the need to adopt, adjust and be open for changes is crucial for individuals and businesses on a global scale. The balance between poor and rich still has to be addressed and although the poorest have been richer, the gap between the richest and the poorest seem to grow.
There are strong forces encouraging new behaviours such as switching energy sources to renewables, increasing recycling and making supporting infrastructures such as the financial process more transparent and efficient for all stakeholders.
Invoier’s core team with roots in technology and the financial industry as well as a deep understanding of entrepreneurship and running business in a variety of industries and geographies has early identified the access to working capital as key. Key in the aspect of providing competitive and sustainable products and services as a main ingredient to drive the necessary changes going forward.
Invoier is providing a marketplace to connect companies looking for working capital with investors. The first market addressed is the global factoring market.
Invoier’s mission: Invoier will make SMEs more competitive by reducing the cost of capital!
Invoier’s vision: To become the obvious, global and natural choice for companies looking for working capital.
Invoier’s business idea is to connect companies looking for capital with different types of investors willing to compete to provide the capital. The competition between investors will improve the terms substantially for the SMEs which is Invoier’s main objective.
Key component in Invoier’s unique offering is to use technology in order to assess and present SMEs’ need for capital in a way that is understandable for global institutional and professional investors.
State of the art-technology and creating a democratic and transparent marketplace enables any company in the world to access working capital in an environment that historically has been limited to a limited number of specialised financial institutes.
So what are the key features with Invoier?
A real time, automated market place where companies can apply for and access capital through selling their invoices. Invoices that typically will be paid 30 to 120 days from issuance. Why not get the money paid immediately!
What problem does Invoier solve?
Companies pay often an outrageous amount for working capital today, up to 60% on an annual basis.
Introducing a unique and sought-after asset class to the majority of investors (short duration, good risk adjusted returns, diversification)
Whose problem does Invoier solve?
Companies that are expanding, companies with unbalanced payment terms between clients and its suppliers, companies that would like to focus on their businesses rather than on administration
Investors having difficulties deliver a risk adjusted return
How big is the factoring market?
In Europe alone the market of selling invoices is +1,800 Bn EURO
What's new and unique with Invoier
- Invoier invites investors that never have been able to access this type of assets, investors that have much lower expected returns on its capital → brings down the capital cost
- Full digitalisation - AI and digital tools enables instant access, shortened lead times, higher quality and new and accurate way of assessing risks.
- Invoier’s AI engine is able to predict the payment date of any invoice with 93.6% accuracy
Huge impact for SMEs and globally
- Better terms and conditions for SMEs
- If the existence of Invoier would bring down the market pricing in Europe with one %-unit, that equals to more than 300,000 full time jobs in theEU.
- Moreover, Invoier will be able to channel capital from investors to the companies showing adherence to EU’s Taxonomy for sustainable business meaning that the responsible companies will have better access to capital and at a lower cost.
- The factoring market which today is rather local will go global - a company in Portugal could be financed by an investor in Finland
There are strong forces encouraging new behaviours such as switching energy sources to renewables, increasing recycling and making supporting infrastructures such as the financial process more transparent and efficient for all stakeholders.
Invoier’s core team with roots in technology and the financial industry as well as a deep understanding of entrepreneurship and running business in a variety of industries and geographies has early identified the access to working capital as key. Key in the aspect of providing competitive and sustainable products and services as a main ingredient to drive the necessary changes going forward.
Invoier is providing a marketplace to connect companies looking for working capital with investors. The first market addressed is the global factoring market.
Invoier’s mission: Invoier will make SMEs more competitive by reducing the cost of capital!
Invoier’s vision: To become the obvious, global and natural choice for companies looking for working capital.
Invoier’s business idea is to connect companies looking for capital with different types of investors willing to compete to provide the capital. The competition between investors will improve the terms substantially for the SMEs which is Invoier’s main objective.
Key component in Invoier’s unique offering is to use technology in order to assess and present SMEs’ need for capital in a way that is understandable for global institutional and professional investors.
State of the art-technology and creating a democratic and transparent marketplace enables any company in the world to access working capital in an environment that historically has been limited to a limited number of specialised financial institutes.
So what are the key features with Invoier?
A real time, automated market place where companies can apply for and access capital through selling their invoices. Invoices that typically will be paid 30 to 120 days from issuance. Why not get the money paid immediately!
What problem does Invoier solve?
Companies pay often an outrageous amount for working capital today, up to 60% on an annual basis.
Introducing a unique and sought-after asset class to the majority of investors (short duration, good risk adjusted returns, diversification)
Whose problem does Invoier solve?
Companies that are expanding, companies with unbalanced payment terms between clients and its suppliers, companies that would like to focus on their businesses rather than on administration
Investors having difficulties deliver a risk adjusted return
How big is the factoring market?
In Europe alone the market of selling invoices is +1,800 Bn EURO
What's new and unique with Invoier
- Invoier invites investors that never have been able to access this type of assets, investors that have much lower expected returns on its capital → brings down the capital cost
- Full digitalisation - AI and digital tools enables instant access, shortened lead times, higher quality and new and accurate way of assessing risks.
- Invoier’s AI engine is able to predict the payment date of any invoice with 93.6% accuracy
Huge impact for SMEs and globally
- Better terms and conditions for SMEs
- If the existence of Invoier would bring down the market pricing in Europe with one %-unit, that equals to more than 300,000 full time jobs in theEU.
- Moreover, Invoier will be able to channel capital from investors to the companies showing adherence to EU’s Taxonomy for sustainable business meaning that the responsible companies will have better access to capital and at a lower cost.
- The factoring market which today is rather local will go global - a company in Portugal could be financed by an investor in Finland
The project has been focusing on building a state of the art team alongside an aggressive development phase in order to create a scalable platform both in terms of volume and flexibility for future requirements.
The organisation consists today of a carefully set of individuals both with seniority, relevant expertise as well with the mindset needed to build and launch such a disruptive and behaviour changing concept such as Invoier. The combination of technology, business, marketing and experience to grow will be key on Invoier’s continuous path to success.
Invoier has during the period developed the first fully automated product available. This means for any company to be onboarded through a rigorous KYC (Know Your Customer) process, assess any risk associated with this particular company and its invoices, match with investors and administer the whole lifetime of an individual invoice.
Invoier has launched its product in the first markets and are preparing a general roll-out in the EU.
The organisation consists today of a carefully set of individuals both with seniority, relevant expertise as well with the mindset needed to build and launch such a disruptive and behaviour changing concept such as Invoier. The combination of technology, business, marketing and experience to grow will be key on Invoier’s continuous path to success.
Invoier has during the period developed the first fully automated product available. This means for any company to be onboarded through a rigorous KYC (Know Your Customer) process, assess any risk associated with this particular company and its invoices, match with investors and administer the whole lifetime of an individual invoice.
Invoier has launched its product in the first markets and are preparing a general roll-out in the EU.
With Invoier's launch, we have already been able to see a change in how small and medium-sized companies get access to capital. A capital that is required for many companies in order to grow, create jobs and create security.
There has been great interest in connecting to the marketplace both for companies and investors. With the marketplace, we have already been able to demonstrate a +25% reduction in the cost of financing for companies. It is a gigantic effect on a market that in the EU alone has a turnover of over 18000B Euro.
There has been great interest in connecting to the marketplace both for companies and investors. With the marketplace, we have already been able to demonstrate a +25% reduction in the cost of financing for companies. It is a gigantic effect on a market that in the EU alone has a turnover of over 18000B Euro.