Invoice Discounting

Learn how blockchain can be used for supply chain finance & invoice discounting. Curate investor base on the blockchain. Allow SMEs to mange their liquidity.

Invoice discounting or invoice financing is an extremely powerful tool that businesses can use to increase their liquidity. Unfortunately, the process of providing such a credit is often too long. It’s cumbersome, unwieldy, costly and error strewn. To make things worse, usually only large invoices from well established companies are taken as collateral due to the massive amounts of work involved in checking each invoice and the scope for duplication and human error. The calculation of contras, debtor concentrations and dilution levels, all of which can have a significant effect on the amount of credit available, takes time, effort and incurs higher costs. Our invoice discounting solution utilizes the power of Blockchain to enable businesses to upload their financial data on the chain and only share it with the entity they wish to show the data. This enables Banks to quickly assess the risk and accordingly disburse the credit in a quick and efficient manner.

India’s premier venture builder studio

We are a tribe of engineering maniacs building blockchain solutions for enterprises, crypto startups and also governments across the globe. If you are passionate about the potential of Blockchain Technology and want to be a part of the next web, we’d love to hear from you. Bonus points for humbleness!

Contact us
Learn more about our tech solutions and how we can support you in implementing your project. Write to us on compliance@somish.com and our team will get in touch!