Applying for a small business loan from the bank is not necessarily an perfect solution for both small and midsize businesses (SMEs), particularly for some businesses that require immediate funding for sudden working capital increases, wages and short-term investments that have not been intended for. While banks, large financial institutions and independent invoice finance companies dominate asset-based financing and factoring, Peer-To-Peer (P2P) invoice finance platforms have recently entered the industry. Much like traditional invoice finance suppliers, these platforms offer alternatives that allow SMEs to get immediate funds on monies owed to them with their own customers, rather than waiting for customers to pay invoices within a 45 to 90 day period which usually induces a strain on the cash flow of their SMEs
Populous is trade finance platform and an invoice built on the Ethereum blockchain. Populous utilizes Smart Contracts, XBRL, Stable pegged tokens and much more to make a distinctive trading environment for both sellers and investors to trade statements from all over the world.