What is Populous?
Populous is a peer-to-peer invoice finance platform attempting to globalise invoice financing which is currently a very localised and limited market sector.
Invoice finance is a form of funding for bussinesses that quickly unlocks cash tied up in bad debts or outstanding sales invoices. Business owners offer invoice buyers the oppportunity to buy their invoices at a discounted rate in order to unlock their cash quicker.
Populous uniquely connects business owners with invoice buyers on a global scale by leveraging the transparency, security, and efficiency of blockchain technologies. Populous does all this while disrupting the established, but inefficient, traditional invoice financing system, as their platform eliminates the need for financial institutions or third party intermediaries.