# Blockfactoring Platform
The investment offer for the early stage participants.

_**\* Factoring** is a financial transaction and a type of debtor finance in which a business sells its accounts receivable(i.e., invoices) to a third party (called a factor) at a discount._

# About the project
**Blockfactoring Platform** - **safe factoring marketplace on blockchain for private and institutional investors.**
Website: [www.blockfactoring.com](http://www.blockfactoring.com/)
DEMO: [www.blockfactoring.com/marketplace](http://www.blockfactoring.com/marketplace/demo)
Author: Dmitry Bocharov (Founder)

# What we do
We are creating a new financial instrument in the factoring market. Any investor has the opportunity to invest in the factoring market and make a profit.

We create a marketplace for contracts with automatic factoring. After we fix the facts of the execution of the contract, we create an investment lot on its basis and offer it to our investors. At the time of the contract creation, we insure the contract against delinquency, non-performance and other risks.

Thus, the owner of the receivable gets the money as quickly as possible and with minimal losses. And investors have a highly profitable and reliable investment opportunity at any given time.

# Scheme

# Use cases
## Individual Investors
An individual investor has the opportunity to invest and make a profit in the accounts receivable market. Transparent bank payments combined with the reliability of blockchain technology minimize the risk. Helping others companies, the investor receives a higher income than in other industries.

## Institutional Investors
An institutional investor gets the opportunity to work with a reliable and secure financial instrument built on the blockchain technology. An investor can manage the rate by getting the advantage of buying receivables from other participants.

## Debtor
The debtor receives a contract monitoring tool. The full package of documents. Significant reduction of maintenance costs. A single tool for creating a contract, searching for an executor (in the case of Freight), financing and calculating with the lender.

## Creditor
The lender gets the opportunity of instant financing with minimal losses. Depending on the rating of the lender in the system, the factoring conditions can change to the best. He does not need to maintain the document circulation, to monitor the fulfillment of obligations.

# Investments Profits

# Markets
## Targets
in 1 year we plan to connect:
* Freight market (Interstate & Local)
* Medical (Dentist and Orthodontist, Facial Rejuvenation & Face Surgery, Veterinary)

in 5 years we expect to connect
* Medical(contracts with insurance companies)
* Distribution market
* Construction market
* Manufacturers market

At the moment, we have the competence and understanding of the work of freight and medical markets. We understand the whole way of implementing the project for these markets.


## Volume of factoring markets
The global factoring market of **$2.5 trillion turnovers in 2017**. If we talk about cargo market, the US is one of the largest markets in the world for accounts receivable financing with an estimated volume of $120+ billion in receivables financed in this structure every year.

# Roadmap 2018 - 2019
## Basic checkpoints

1. Sep - MVP Marketplace
2. Oct - Freight contracts
3. 4Q - PreSeed
4. May 2019 - Dentist & Orthodontist contracts

## Global Targets (3 years)
* **1 000 new contracts** on marketplace / day
* more than **$6 000 000 turnover / day**
* Five markets (freight, medical, construction, distribution, manufacturers)
* **$1.5 billion turnover / year**
* **25 000+ active participants** (creditor, debtor, investors)
* development of tools and legal support for **cooperation with banks** and creation of a financial instrument accessible to banks
* **development of API for platform** scaling and connection of new markets, as well as the creation of reporting and other services and products

# Marketplace

Demonstration of the marketplace for the freight market is available by following the link: [blockfactoring.com/marketplace/](http://blockfactoring.com/marketplace/demo)




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# Smart Contracts scheme



# Competitors

**We distinguish three types of competitors:**
* Factoring companies
* Market Services Products (CRM, ERP, etc.) with the added factoring functionality † ††
* Banks and financial institutions that provide short-term loans to businesses.

## Factoring Companies
Such companies as [Apex Capital Corp,](https://www.apexcapitalcorp.com/) [Riviera Finance](https://www.rivierafinance.com/)[Blue Vine](https://www.bluevine.com/), [Factor Finders,](https://www.factorfinders.com/) [Thunder Funding](http://www.thunderfunding.com/) in the truck business or health care [JD Financial](http://www.factoringcompanies.org/company/jd-financial), [MEDACAP HCF](http://www.factoringcompanies.org/company/medacap-hcf), [American Commercial Capital](http://www.factoringcompanies.org/company/american-commercial-capital), most often represent two types of investment funds. In the first case, these are private capital management funds. Also, large funds work with bank loans, earning on the difference between the bank's interest and the received after-purchase account receivable.

## Local Services with Factoring Functions
There are not so many of them. Products of the following type are representing it very well:

[Convoy](http://convoy.com/) is essentially a broker that offers factoring service if the delivery of the goods occurs using its software and allows it to track the entire cargo way. The profit from factoring is included in the commission of the broker and is not visible to the carrier's company.

And Trucker Path ([InstaPay](https://truckerpath.com/instapay/)) in this case, the LoadBoard service uses its site as a marketing tool for selling factoring. In this case, the turnover occurs on its funds or attracted using of a loan.

## Banks and Funds
Bank crediting is a rather complicated and labor-intensive process for any commercial organization. Therefore, direct banking factoring is not very popular. Moreover, among the main consumers: small and medium business. More often, the bank's money invested in factoring can be seen in the working capital of factoring companies.

# Our differences
* We create a unified approach for many markets. We are not limited to just one of the existing ones.
* Unlike competitors, we are not limited by the size of the investment fund. We can serve any available investment.
* We are not investors. We create an investment product for any investor: private or institutional
* Product Blockfactoring is an investment lot. The investor does not need to know the market to invest and earn.
* The procedure for the appearance and confirmation of the contract reduces costs and allows you to make better conditions on the market for participants.
* Our contracts and investment lots are transparent. All key moments are fixed by the block.
* We enable the investor to help small and medium-sized businesses. And this help is a very profitable investment.
* We reduce the workflow, time, costs, unnecessary functions.

# Team
The project on a permanent basis employs six people, including the founder.
Negotiations have been held, and we have the necessary agreements to create all stages of product production, marketing, external interaction, sales, financial and legal support.
The blockchain part of the project is implemented with the support of POA Network (Proof-of-Authority)
Legal support for the project - *********
Founder / CEO of the project "Blockfactoring Platform" - Dimitry Bocharov

# For Angel's Investors
To implement the strategy of product development, we need $ *** *** for 9% of the company.

## Expenditure of these investments
$*** *** - MVP (Freight markets)
$*** *** - Marketing - Start Sales

# Contacts
CEO Blockfactoring Platform
Dimitry Bocharov
[e-mail]
[linkedIn.com](http://www.linkedin.com/in/dmitry-bocharov-9a60a76a/)
Sacramento, CA

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## Return to [Blockfactoring.com](http://www.blockfactoring.com)