"We are born in response to the high concentration of banks."
INVERSA's CEO, Atilano Martínez, speaks with FINTECH PLAZA about the platform's origin, our operations, our audiences... He does so in an interview published on the Fintech Plaza website, which we reproduce below:
Inversa Ethical and Collaborative Alternative Financing connecting companies and investors
We chat with Inversa. This digital member of Fintech Plaza offers a significant improvement in the investment and financing experience for clients, creating value through collaborative economics for society at large.
How would you define Inversa in a few words? We are a Fintech company, and we use technology to innovate through an online platform specializing in invoice discounting and bill discounting from commercial operations of Spanish SMEs and self-employed individuals (crowdfactoring or invoice trading).
Inversa is defined as an online platform for Ethical and Collaborative alternative financing that connects companies in need of liquidity for working capital with a community of investors seeking higher returns on their savings.
We are committed to the development of a fairer society. We aim to disintermediate the financial system because we believe in the power of the community to positively impact the market, making it more transparent, fair, and accessible. We believe that investors have the right to know how their money is being used, which projects, ideas, or companies are being funded with it. We reject the maximization of profit as the sole objective to achieve. We commit to publishing projects of companies with an impact on the real economy and a positive effect on their environment and society in general.
How did the idea come about? What does this project aim for? The idea arose as a response to the high banking concentration that has occurred in our country. The high risk represented by a banking oligopoly for both investors and SMEs and the danger of financial exclusion for part of our society.
The state has already been forced to legislate against the abusive charging of fees to individuals, who in the case of SMEs and self-employed individuals remain unprotected.
We seek a fairer relationship for both parties and among equals. It makes no sense for SMEs to be paying high interest rates while, on the other hand, those who deposit their savings in the financial system are not obtaining any return on it.
Who is behind the project? We are a completely private and independent initiative as we do not belong to any banking or business group and are not subject to commercial policies.
Our team consists of professionals with extensive multidisciplinary experience focused solely on providing the best service to our clients.
In our creation, we have had the support and collaboration of EOI, IGAPE, which has co-financed our project through the Galicia Emprende program, and the Xunta de Galicia, which has granted us a subsidy.
Within the Fintech world, we are part of ACLE (Spanish Crowdlending Association) and Fintech Plaza
We defend our independence because we believe it allows us to work in the right way for the well-being of our investors and SMEs. We have put our clients at the center; we do not impose products or cross-selling, we simply meet needs.
Who are your services aimed at? With the conviction that a better investment and financing experience can be offered to clients by creating value through collaborative economics for society at large, the Inversa project was born.
We offer SMEs an alternative financing option complementary to those currently available in the market through invoice discounting and bill discounting, as we consider them to be companies with significant "unmet" financing needs.
At the same time, we offer investors high returns with no fees and controlled risk, by working with invoices and bills from large companies or the public administration, which guarantee payment of the same.
How does Inversa work in practice? Give us a simple example The operation is very simple: The SME sends the invoices it wants to finance to Inversa. Inversa analyzes the invoices and publishes them on its platform where our community of investors buys part of the invoices until they are fully covered. Inversa transfers the money to the SME and the interest to the investors in advance. Upon maturity of the invoice, the SME's client makes the payment to Inversa, and Inversa returns the borrowed capital to the investors.
Example:
Invoice: 10,000 Euros
Term: 90 days
Rate: 6% annually
Company would receive: 9,778 Euros
Investor: 148 Euros
Inversa: 74 Euros
What added values do you believe you bring? We bring our know-how and professional experience in the analysis and selection of invoices, providing all the necessary infrastructure for publication, sale, and collection management, as well as facilitating communication between both parties (investor-company) at all times. In a sustainable and fair business model in which all parties win.
We offer SMEs an alternative financing option complementary to those currently available in the market without guarantees, without collateral, without cross-selling, and without counting on CIRBE, improving their financial structure by making their accounts receivable liquid at fair and competitive market prices.
We operate with segregated accounts through Paymatico, a payment institution regulated by the Bank of Spain that is responsible for the custody of money.
We constantly challenge ourselves to rethink our approach to Innovation. In that sense, we are the first platform in the world to pay interest to its investors in advance and in addition to signing their contracts electronically, we register them in the Bitcoin Blockchain, which acts as a timestamp and virtual notary increasing security.
Furthermore, we democratize investment by allowing anyone, with as little as 20 Euros, to invest in a simple and transparent manner. All articulated with a new asset completely uncorrelated with the stock market and other traditional assets such as investment funds.
The complete link to the interview, here:
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