Smartfund is a B2B invoice financing platform that digitizes and secures the process of converting receivables into cash. The platform automates invoice uploading, verification, and document exchange, providing businesses with faster access to working capital.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses face challenges in efficiently managing their cash flow due to slow invoice processing, difficulties in verifying invoice authenticity, and manual reconciliation processes. These inefficiencies can lead to delays in receiving payments, increased operational costs, and limited access to working capital. Additionally, financial institutions face risks related to fraud and the inability to accurately assess borrower exposure.
Solution
Smartfund provides a blockchain-enabled platform designed to streamline invoice management and financing for businesses and financial institutions. The platform digitizes and automates the entire invoice lifecycle, from creation and verification to financing and payment. By leveraging blockchain technology, Smartfund ensures invoice authenticity, reduces the risk of fraud, and provides a secure environment for all stakeholders. The platform connects suppliers, buyers, and financiers, enabling faster access to working capital, improved cash flow management, and enhanced risk mitigation.
Target Audience
Smartfund targets corporations seeking to improve cash flow and streamline invoice management, as well as banks and P2P lenders looking to mitigate fraud risk and expand their lending portfolios.
Features
- Electronic Invoice Presentment and Payment (EIPP) system for quick sales-to-cash conversion
- Robotic Process Automation (RPA) based Remittance Advice Processor
- Blockchain-enabled platform for secure invoice validation and fraud prevention
- Real-time invoice tracking and management for suppliers, buyers, and financiers
- Automated reconciliation processes to reduce manual effort and improve accuracy
- Integration with banks and P2P lenders for invoice financing
- API integration for seamless connectivity with existing ERP systems
- Compliance with Malaysia's LHDN e-invoicing regulations
- Customizable dashboards and reporting tools for enhanced visibility