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E-invoicing, SCF & E-procurement

Beta version of Finturi's blockchain based invoice financing platform goes live

Tuesday 7 May 2019 | 01:05 PM CET

Finturi, a Netherlands-based blockchain startup, has announced the release of its beta platform.

Through its beta platform, Finturi will connect select few businesses with financiers and enable businesses to get a loan against their invoice within 24 hours. Finturi’s platform is an example of a real-life use case of blockchain technology. It demonstrates how blockchain technology and artificial intelligence can be used together to help businesses get access to money in a secure, low-cost, quick and easy manner.

The global alternative finance market size is predicted to grow by USD 472.41 billion during 2018-2022 according to the latest market research report by Technavio. A key factor driving the growth of the market is the quick and easy access to credit. Alternative finance provides quick and easy access to credit unlike financial institutions making it a lucrative option for small and medium-sized enterprises.

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