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InvoiceMate

InvoiceMate and Mercatura Forum Sign MoU to Explore Synergies in Tokenizing Project and Working Capital Finance

Zug, Switzerland, 15/09/2023 – InvoiceMate, a leading innovator in the realm of financial inclusion for Small and Medium-sized Enterprises (SMEs), has signed a Memorandum of Understanding (MoU) with Mercatura Forum. The Forum is a campus for start-ups and artists providing funding and resources for talent in the MENA region. The purpose of this agreement is to explore synergies in tokenizing projects and working capital finance, potentially unlocking a vast untapped market.

The traditional financing market is facing significant challenges, including onerous documentation requirements and a lack of transparency. By leveraging blockchain technology and tokenization, Invoicemate and Mercatura Forum aim to simplify and streamline the project and working capital finance processes.

Tokenization has emerged as a game-changer in various sectors, and now InvoiceMate and Mercatura Forum are bringing its benefits to project and working capital finance. With tokenization, physical assets such as invoices, purchase orders, and trade contracts can be transformed into digital tokens, boosting liquidity and accessibility.

According to the International Chamber of Commerce, the global market for project finance was estimated to be worth $400 billion in 2020. In addition, the working capital finance market is estimated to be worth an astounding $56.3 trillion. By exploring synergies in tokenizing these markets, Invoicemate and Mercatura Forum could potentially unlock immense value.

Muhammad Salman Anjum, Founder & CEO of InvoiceMate, expressed his excitement about the partnership, stating, “We are pleased to explore synergies with Mercatura Forum to bring tokenization to project and working capital finance. Our mission is to provide access to capital for businesses globally, and this collaboration will enable us to achieve that goal.”

This partnership has the potential to create numerous benefits for businesses, including increased liquidity, faster approval cycles, enhanced risk management, and improved access to funding. By digitalizing and standardizing the financing processes, InvoiceMate and Mercatura Forum are poised to create a more inclusive and efficient environment for businesses worldwide.