Dutch blockchainstartupFinturi has secured two million euro ($2.2 million) to enable businesses to secure loans against invoices via blockchain tech, the corporate tweeted on March 12.
Founded in Sept 2018, Finturi aims to assist businesses finance invoices by linking them with financiers to borrow cash against invoices, using blockchain and artificial intelligence (AI), consistent with a report by startup-focused publication EU-Startups.com on March 11.
Finturi has reportedly raised its initial investment via an angel round led by NetSamParticipatiesBV, that apparently participated in an investment round for the primary time, as per Crunchbase.
Finturi’sblockchain-based invoice finance platform is scheduled to launch in the third quarter of 2019. As per the report, the Finturi team plans to produce a very peer-to-peer (P2P) platform in future that features businesses’ clients.
Expressing issues regarding several new businesses face difficulties with raising capital, Finturi chief executive officer Johannes Brouwer expressed that the firm aims to enable businesses to induce loans against invoices within 24 hours. As per Finturi’s chief executive officer, the coming platform can offer financiers with a “platform for investment in invoices with minimum hassle.”
The lead capitalist from NetSamParticipaties BV said that blockchain tech combined with AI contains a huge potential in eliminating inefficiencies in existing money processes by cutting prices, fast interval and providing higher security.
Recently, 5 Japanese banks entered into a partnership to launch blockchain-based money services infrastructure. Targeting a variety of economic operations for potency enhancements, the banks can leverage IBM’s experience throughout the event part.
Last week, economic expert and notorious crypto critic NourielRoubini argued that blockchain has nothing to do with the future of economic services. Roubini excluded the term from the list of major technologies that he sees as resulting in a producing or fintech revolution, as well as AI, machine learning, big data and therefore the IoT.
To know more on Cryptocurrency and Blockchain events, follow us on Facebook, YouTube, Twitter, LinkedIn, Reddit, Telegram, BitcoinTalk, and we are also on Medium now.
