World’s First Blockchain Invoicing Platform InvoiceMate Migrates to Internet Computer

World’s first blockchain invoice platform InvoiceMate has jumped ship from Hyperledger Fabric to Internet Computer following a new partnership with DFINITY Foundation, according to a recent announcement.

DFINITY, a not-for-profit research and development organization behind the Internet Computer blockchain (ICP), announced it would support InvoiceMate in this transition as it becomes an important part of the ICP ecosystem.

InvoiceMate is a blockchain & AI-powered invoicing platform that acts as a bridge between SMEs and financing institutions. InvoiceMate leads to easier financial inclusion by enabling SMEs access to various forms of credit like invoice discounting, factoring, Buy Now Pay Later (BNPL), and supply chain financing. InvoiceMate has processed over $114 million in invoices and partnered with nine financial institutions with over $5mn in locked lending allocation. 

In addition to building on the Internet Computer blockchain, InvoiceMate will act as an advisor and mentor for other enterprise blockchain projects, as well as work closely with the DFINITY Foundation to add value to the ICP ecosystem. As a partner, InvoiceMate will also run workshops for its partner, universities, and other enterprise organisations interested in exploring the Internet Computer. 

InvoiceMate’s tech arm MateSol will also serve as a “dev shop” and support projects wanting to integrate ICP into their operations. InvoiceMate brings a wealth of experience from the enterprise blockchain industry and is set to play a large role in enterprise adoption for the Internet Computer blockchain.

“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,” Muhammad Salman Anjum, Chief Mate at InvoiceMate, said. 

The partnership between the DFINITY Foundation and InvoiceMate strengthens the presence of the Internet Computer in the region. Recently, the ICP.HUB GCC was founded in Dubai and is one of the newest editions to the region, known as the Crypto Oasis, the fastest-growing Blockchain Ecosystem in the World, now with more than 1,800 organisations and 8,650 individuals working in it.