At a glance, Populous is a global invoice trading platform built on blockchain decentralized ledger technology. Populous connects business owners and with invoice buyers by using the security, transparency and speed of blockchain technology.
Populous is built off the Ethereum protocol, and it gives the average investor the ability to participate in an alternative finance marketplace which in the past was only accessible to financial institutions, wealthy individuals and governments.
This platform allows investors from any part of the world to invest in an invoice sold by an invoice seller from anywhere in the world. An example use case would be if an investor in the US bought the invoice of a Chinese manufacturing company while the Chinese company uses that loan to finance their operations in the short term to put a product to market.
Invoices will be awarded via an auction. Investors will be paid via interest once the invoice has filled.
The team is UK-based and is led by CEO Stephan Williams and CTO Zvezdormir Zlatinov. The project is still in its infancy stage and there isn’t a lot of information on the development.