Zurich, Switzerland & Dubai: InvoiceMate and DFINITY Foundation inked a milestone partnership agreement in Dubai. With this agreement, InvoiceMate, The world’s first blockchain-powered invoice financing enabler will migrate to ICP from Hyperledger Fabric. The agreement was facilitated through Crypto Oasis, the ICP Hub in GCC.
With this agreement, InvoiceMate will be using the Internet Computer Protocol (ICP) blockchain and will work with the DFINITY Foundation to add value to the ICP ecosystem.
InvoiceMate is the world’s first blockchain and AI-powered working capital financing enabler developed by InvoiceMate Tech, a DIFC-incorporated fintech initiative. InvoiceMate brings a unique blockchain-powered solution to provide financial inclusion to SMEs with different types of credit options like invoice discounting, factoring, Buy Now Pay Later (BNPL), and supply chain financing.
The DFINITY Foundation is a Switzerland-based not-for-profit research and development organization and a major contributor to the Internet Computer blockchain (ICP).
The recently added ICP GCC Hub is known as Crypto Oasis. The UAE-based company is the fastest-growing Blockchain ecosystem in the world.
Muhammad Salman Anjum, Chief Mate at InvoiceMate said, “We’re excited to migrate to the Internet Computer blockchain. InvoiceMate has built its reputation on trust and efficiency, and that is what we are looking for in a blockchain. The Internet Computer enables us to use the power of invoices to aid SMEs in accessing credit but in a decentralized, tamperproof, and scalable manner.”
Co-Founder of the ICP HUB GCC, Saed Ereiqat, said, “Since the inception of the ICP Hub GCC, we have been building the groundwork for projects to transition into the ICP Ecosystem smoothly, and we are seeing significant interest from the local ecosystem to build. InvoiceMate is the perfect example of a mature, Dubai-grown project moving to the ICP Ecosystem. I am looking forward to working with the team on developing corporate use cases powered by ICP.”