| |July 202019As a global organization, how has SimplyFI main-tained a top-notch quality of products and tell us about your flagship products?SimplyFI's flagship invoice dis-counting marketplace- INVOIZO is a unique platform that enables businesses to get access to collat-eral-free working capital, by en-chasing their unpaid invoices at a discounted rate, while providing investors with a unique, short-term alternative investment op-portunity. INVOIZO acts as a cat-alyst, connecting investors with businesses looking for working capital, thereby easing their sup-ply chain and operational require-ments through both Payables and Receivables discounting. INVOIZO being an invoice fi-nancing platform on the Block-chain enables all the transactions to be highly secured and transpar-ent. The distributed ledger system enables investors to venture into the world of alternative invest-ments and maximize yield in a short span of time.The words Blockchain or crypto still conjure up im-ages of bad actors, crim-inals, and get-rich-quick hucksters using a new tech-nology to commit age-old frauds. How do you help cli-ents to mitigate such challenges?Crypto is a great innovation on top of Blockchain. This innovation challenges the money movement, cuts international barriers and opens up a whole new thinking about Tokenomics. But with this comes the misuse of Anonymity feature of Crypto. While get rich schemes like crypto trading will give a good upside, it is not legal in India. When we started our jour-ney we had a system which does automated trading using crypto but eventually we moved out of it as regulation mandates ban on Crypto. We are now pursing in the Enterprise Blockchain Space. Blockchain is known for its cryp-tographic security that is impossi-ble to crack by any hack methodol-ogy till date. Quantum computing comes to overtake the required compute power. But Quantum is far from mainstream usage as of now. Hence, by default what-ever solutions we are providing for customers are powered by the natural efficiencies of Blockchain as a platform. So we always claim that our products are super secure without a doubt. Provide us with some suc-cessful implementation story that has or have left a mark in the company's success.We at SimplyFI are proud to take our customer success to new heights. Some of our customers are SMEs and NBFCs. SME's access to credit is tough because of the Banks stringent qualification pro-cesses. We are happy to see many SMEs are able to leverage our products and fulfill their working capital needs. Powering SMEs will contribute to India`s GDP by 20% .We are already working with mul-tiple banks & NBFCs to strengthen our financial network.What further innovation do you plan to include in your Blockchain technology offerings?Our focus is to bring a whole new suite of Trade finance to custom-ers where they benefit with sim-plification of complex process us-ing Blockchain & AI. We will be innovating into commercial bank-ing space and more digital trans-formation around this space. We would like to be known as the best Digital Commercial Bank of the World. INVOIZO being an invoice financing platform on the Blockchain enables all the transactions to be highly secured and transparent10 MOST RECOMMENDEDSTARTUPS-2020BLOCKCHAIN
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