Hiveterminal, a blockchain-based bill factoring platform, as we speak introduced that it has moved its headquarters to Switzerland’s “Crypto Valley” Zug, the European blockchain hub. The corporate shall be working below the authorized entity Hiveterminal AG.
The founding of Hiveterminal AG marks the platform’s official entry onto the Swiss market, the primary in a collection of steps that can lead the corporate into all DACH areas and the remainder of Europe. The goal is to start out cultivating relationships with Swiss small and medium-sized enterprises (SMEs) that wish to have quick and steady entry to liquidity with out going by the effort of making use of for financial institution financing.
“Bill factoring as a financing possibility isn’t effectively developed in Switzerland just because there’s a want for a extra user-friendly resolution inside this area. We goal to make the most of this reality and make bill factoring respectable in CH and the remainder of Europe - additionally by utilizing blockchain expertise.”
– Bonart Mati, CEO of Hiveterminal
Primarily meant for small and medium-sized companies, Hiveterminal is a blockchain-based bill financing platform that has crowdfunded USD 8.53 million from 2221 contributors, who’ve develop into house owners of Hiveterminal’s personal Hiveterminal Token (HVN).
Launched in 2018, Hiveterminal has grown to help greater than 4,000 registered corporations, with a quest to safe quick and low cost liquidity for his or her enterprise by promoting bill receivables. Hiveterminal is utilized by almost 300 buyers from over 40 nations to purchase invoices from trusted and verified corporations, discovering the invoices that swimsuit their danger urge for food because of the platform’s real-time bill danger scoring algorithm.
Additional, the Hiveterminal-platform can be used for closed ecosystems or white-labeled on a Software program as a Service (SaaS) foundation in its Enterprise version (Early Fee Gateway), which was lately launched. In April of 2020, Hiveterminal secured an funding from a Swiss VC firm to scale the corporate and develop into the DACH area, with the answer now out there to corporations throughout the DACH market.