Netherlands invoice finance startup Finturi has closed $2.2 million in funding to help companies secure loans against invoices using blockchain and artificial intelligence; their intention is to provide P2P invoice financing services where inefficiencies can be addressed by blockchain, eliminating the need for third parties; CEO Johannes Brouwer said, “Blockchain applications like smart contracts can help transactions to be completed faster and more efficiently. They also ensure that all contract data is stored on blockchain, thus reducing risk of fraud.” Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.