populous
is a global invoice trading on the blockchain. it connects business owners with invoice buyers on a global scale by leveraging the security, transparency, and speed of blockchain technologyXBRL (extensible business reporting language) data is used to access and assess financial statements for invoice sellers while altman Z-scores and other formulas are used to create credit rating systeem
technology
XBRL is a global standard for exchanging business information and is freely available to anyone. populous will use it to define an exchange financial information
XBRL data and the altman Z-score formula will be used to perform credit checks. the formula provides three predictive measures.the probability that a business will go in to bankruptcy within two years , whether or not a business will default a control measure for financial distress
usage
populous is introducing the invoice buyer directly to the invoice seller in a P2P platform
invoice market Browers offers invoice with term and the inverter chooses invoice to finance
auction .once the invoice is chosen then the investor places a bid and sets interest rate to the borrower confirms the bid and the invoice is sold
ledger after that the borrower releases invoice and receives funds the investor receives returns when the invoice is settled
other aspects
populous has 11 team members and majority of them are based in London .the main competition is from Slovenian based hive (HVN) but there are some differences in approach between them.