Review on Populous by Pedro O. Alvino M.
financing platform for medium and large companies
London-based Populous celebrated its initial coin offering (ICO) in July 2017 and raised more than $ 10 million. The company's goal is to offer a person-to-person platform that connects invoice buyers and sellers, providing an efficient way for a broader range of businesses to resolve cash flow shortages.
Cash flow management is one of the biggest problems small and medium-sized businesses face. One way to overcome this hurdle is with invoice financing, which allows a business to sell its outstanding invoices to a third party at a discount to free up some of the much-needed cash. The third party assumes ownership of the invoice and receives the funds when the customer pays that invoice.
Pros
- P2P financing platform.
- It has really competitive rates.
- Aimed at medium and large companies.
- Integrated into various Crypto Asset Exchanges.
- Innovative smart contract system.
- Implement Altman's Z-score formula in Extensible Business Reporting Language (XBRL) in real time to evaluate invoices using your own credit rating system.
Cons
- Platform tokens totally useless outside the Populous ecosystem.
- PPT are required if you want to buy invoices through the Populous platform.
