In 2017, Hiveterminal set its sights on an ambitious project: to bring invoice financing to small and medium-sized businesses (S
27 Mar 2020, 11:16
In 2017, Hiveterminal set its sights on an ambitious project: to bring invoice financing to small and medium-sized businesses (SMEs) via a digital, blockchain-based platform. After a successful crowdfunding campaign, the platform was launched in November 2018. To date, the platform has enabled SMEs to acquire some EUR 700,000 in liquidity on our test market, Slovenia. Hiveterminal’s success in providing fast and cheap liquidity to SMEs in need cannot be attributed solely to the technology choices we have made. Instead, our technology choices and business model combined have enabled us to gain traction among both invoice buyers and sellers. However, many still wonder why we chose to utilize blockchain technology to power our platform? So, we decided to write a blog post about it.