PRESENTATION OF WORKINVOICE: THE FIRST ITALIAN INVOICE TRADING PLATFORM

Transcription

1 PRESENTATION OF WORKINVOICE: THE FIRST ITALIAN INVOICE TRADING PLATFORM Matteo Tarroni - Co-founder at Workinvoice Maranello, 27 th March 2015

2 WORKINVOICE WORKINVOICE is the first Italian online marketplace for receivables that brings together: small business that sell to large customers looking to get cash earlier on their invoices. institutional and high-end private investors who advance cash in exchange for a profit. 1

3 Alternatives are required 2

4 What are electronic invoice marketplaces Internet-based platforms over which commercial receivables are actively traded through auction by and among buyers ( Investors ) and sellers using a third party platform to enable the auction. 3

5 Online invoice funding globally US platforms now intermediate billions of invoices, UK alternative finance industry is expected to reach 1.6bln by year end, Platforms have been established in Germany, France, Spain, Denmark and Sweden. 4

6 Invoice marketplaces versus factoring and invoice discounting No exclusivity agreements No personal guarantees Sellers are not dependent on one lender Selling invoices on auction platforms can be on an as needed basis Fees are not incurred by having lines and credit agreements 5

7 How the invoice auction process works Step 1 Seller posts invoice on exchange platform Step 2 Investors bid Step 3 - Paying the investors when the obligor pays on value date 6

8 Parties and roles in our invoice auction model 7

9 WORKINVOICE as a smart financing tool Supply Secondo Chain livello Finance use Quarto WORKINVOICE livello to support your suppliers No credit risk Positive return Short Term Funding use WORKINVOICE to support your company Well-known credit risk Agreed return 8

10 Thank you 9