Advisor to Invox Finance, Michael Bacina is also a partner at Piper Alderman a commercial law firm with offices in Sydney, Melbourne, Brisbane and Adelaide.
Based in Sydney, Michael heads the Piper Alderman Cryptocurrency and Blockchain Group and has extensive experience in Initial Coin Offerings, technology, contract law and invoice financing.
Also an advisory board member of CanYa and Auscoin, Michael has been involved in cryptocurrency since 2016 and has contributed to the success of many significant ICOs in Australia.
“I’m very excited about the opportunities that blockchain technology can bring to the legal and financial sectors. Invoice financing is a critical part of business funding for many entrepreneurs in the Australian economy. The Invox project’s aims of lowering the costs of obtaining finance while automating inefficient processes via smart contracts represents a sorely needed innovation in this space,” said Michael Bacina, partner in Piper Alderman.
The Invox Finance platform is a decentralised peer-to-peer invoice lending platform that will allow sellers, buyers, investors and other service providers to directly connect, interact, share and distribute information.
This process would mean that sellers will be able to obtain financing at lower interest rates than normally received from a traditional financier.
Investors on the platform will also have new opportunities to diversify from the exposure to loan products from a large number of diverse businesses across various industry sectors.
With great partners like Mo Works and Masternode Ventures, led by CanYa’s CEO and co-founder, JP Thor, Invox Finance is set to disrupt the traditional invoice financing industry, a market currently valued at approximately US$2.85 trillion.
More about Invox Finance:
Invox Finance Pty Ltd was founded by members of the ABR Finance Pty Ltd team. The Invox Finance Platform is a decentralised peer-to-peer invoice lending platform that will allow sellers, buyers, investors and other service providers to directly connect, interact, share and distribute information. The platform will create a trustless environment by facilitating transparency between parties and rewarding performance. This platform will disrupt and revolutionise traditional invoice financing by implementing a system where trust and transparency between all parties is developed through an in-built reward system. In addition, the execution of transactions and flow of information will not be dependent on one single centralised service provider, but instead governed by a transparent set of rules executed on a fully distributed ledger.