INVIOU is a receivables and charges registry network, enabling financial credit providers to diminish fraud and friction in invoice financing and factoring resulting from double invoicing or faulty, inflated, and fictitious receivables.
Using INVIOU’s registry, credit providers can verify receivables authenticity, ownership and availability for financing and also get alerts in case receivables they financed are compromised.
WHAT IS INVIOU?
INVIOU is a financial records and charges repository based on distributed ledger technology (Hyperledger Fabric).
The repository enables financial institutions to provide safe and simple receivables financing by diminishing fraud and friction.
INVIOU’s repository is the infrastructure for interoperable financing, reporting, trading, and AI applications.
At least $500M are lost annually due to invoice fraud from faulty, inflated, fictitious and double invoicing. Most traditional financing processes are cumbersome and costly, and are therefore inefficient for smaller transactions. As a result, over 70% of small and medium enterprises (SME) open account financing applications are rejected.
INVIOU’s registry is the key element for disrupting the open account financing industry. Financing institutions using INVIOU’s registry to verify invoice ownership and authenticity can offer SMEs instant competitive financing.
WHO IS INVIOU FOR?
INVIOU’s registry is open to any authorized financing company that wishes to gain access to the untapped $1.5Tr SME open account financing segment. Banks, financiers, credit and factoring providers, consortias, financing marketplace platforms, etc.
HOW DOES IT WORK?
INVIOU’s DLT and advanced data privacy algorithms enable financiers to:
digitally verify the ownership and authenticity of registered open account records, without disclosing the records
review registered record-based financing requests, and
register a lien or ownership change.
For more details, please contact us at firstname.lastname@example.org
INVIOU’s technology allows competing entities to share information without actually revealing it, serving as a single source of truth of private and sensitive information, preventing various types of fraudulent activities that exploit the existing information asymmetry.
INVIOU'S CORE TEAM
Founder & CTO
Experienced tech entrepreneur & corporate executive. Formerly, Deputy CEO of the Israel National Savings Exchange, Head of Product - Security Division – NICE, Tech VP positions at various startups and SW Dev manager at Amdocs USA and Israel.
Founder & CEO
Financing and risk expert. Formerly, Head of Finance at Shlomo Holdings LTD leading billions of NIS capital issuing and cash flow management. Extensive experience in the banking systems, rating agencies and risk management.
Highly skilled software development professional with more than 10 years of hands on and management roles in to the high-tech industry. Previously, Mr. Lavee served as Head of R&D and CTO in leading companies such as hippotec, Applicasa, Sunrise Projects Ltd and Emoze.
Top Notch Industry Experts
Phillip has more than 20 year’s-experience of invoice-based financing transactions. He was the co-founder of Tranzacta, a London based merchant cash advance business, and a partner in Culpis a
Stockholm based working capital advisory firm. Prior to that, he was the CEO of Demica, a market
leading provider of Working Capital Solutions to large corporates and financial institutions.
served as Executive Vice President of Fundtech Ltd. Mr. Porath has over 20 years of software development, project management and product management experience, including over 10 years developing high speed, secure transaction systems for the financial services industry.
Served as Commissioner of Capital Markets, Insurance & Savings at the Israeli Ministry of Finance. Served in various key financial positions including an Investment Officer in the Foreign Exchange Department of the Bank of England.
Serial entrepreneur, mostly active in Israel, EU & US Silicon Valley. Recently, Mr. Levi served as the Chief Scientist and Head of Innovation Center of AVAST (previously at AVG). Previously, Shaul founded Gilian / Breach security Inc.
Top notch Data-Scientist with proven cross-industry work experience in data-mining and machine learning - building predictive models, previously head of Data-Science and senior Data Scientist at Finiata, Forthscale and Bluevine.
INVIOU IN THE NEWS
Everything you Need to Know
Answers You Need
WHAT IS INVIOU?
INVIOU is a cross-network financial records registry based on distributed ledger technology (Hyperledger Fabric).
The registry enables financial institutions to provide safe and simple open-account financing by diminishing fraud and friction.
INVIOU’s registry is the infrastructure for interoperable financing, reporting, trading, and AI applications.
WHAT IS INVOICE FINANCING?
A.SMEs often desire to convert outstanding invoices to cash. In this process, known as “invoice factoring” or “discounting” (depending on the method used), the invoice financing company assumes the responsibility for the invoice collection, pays a percentage of the invoiced amount upfront, and charges the factoring fee once the invoice is paid.
WHAT PROBLEM DOES INVIOU SOLVE?
Fraud is prevalent in the invoice financing industry, including double financing, inflation, and more. Financiers currently conduct extensive review processes to combat these types of fraud, creating unnecessary friction.
Additionally, these processes hinder the operability and growth of SMEs. INVIOU is simultaneously solving invoice fraud and reducing friction to improve the accessibility to SMEs.
HOW DOES INVIOU REDUCE FRAUD AND FRICTION?
Our DLT based platform transforms invoices into unique encrypted digital assets, in a way that is ultimately preventing data tampering. Data verification is easily enabled, yet, accessing is done on a permission basis only.
In this way, whenever an SME approaches a credit provider to finance an invoice, that credit provider, using a simple API, can check INVIOU to see whether that invoice has been sold, has a lien or is free for financing.
The fraudulent behavior of SMEs selling the same invoice to several lenders will be eliminated once the invoice is recorded on INVIOU’s open blockchain network, and can only have a lien or sold via the platform and by its rightful owner.
WHAT OTHER BENEFITS DOES INVIOU PROVIDE?
Unlike existing cumbersome and costly solutions, a digital factoring marketplace built on INVioU’s blockchain platform offers instant optimized financing, propelled by a community network effect, which is highly beneficial to all stakeholders.
Furthermore, as an innovative player in the industry, INVIOU provides a sophisticated method of communication between financial institutions, where encrypted data regarding loan portfolios and clients can be shared without revealing sensitive information. This minimizes fraudulent activity and increases efficiency.
WHAT IS THE DIFFERENCE BETWEEN A SELLER, A FINANCIER AND A BUYER?
The Seller sells financial records to the Financier (lender) and the Buyer is the Seller's customer that validates the financial records’ authenticity.