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Applying for a business loan from the bank is not always an ideal solution for small and medium-sized enterprises (SMEs), especially for some businesses that require immediate funding for sudden working capital increases, wages and short-term investments which have not been planned for. While banks, large financial institutions and independent invoice finance companies dominate asset-based lending and factoring, Peer-To-Peer (P2P) invoice finance platforms have recently entered the industry. Similar to traditional invoice finance providers, these platforms provide solutions that allow SMEs to get immediate funding on monies owed to them by their customers, rather than waiting for customers to pay invoices within a 45 to 90 day period which usually causes a strain on the cash flow of the SMEs
Populous is an invoice and trade finance platform built on the Ethereum blockchain. Populous uses XBRL, Smart Contracts, Stable pegged tokens and more to create a unique global trading environment for investors and sellers to trade invoices from all around the world.