Globally in 2020, the EU accounted for the majority share of factoring at nearly 60% 🤯 This is why Hiveterminal is focused on the EU market as there is such huge opportunity. Which countries in the EU do you think account for the largest share of factoring❓ #smartBusiness 🧠

Invoice factoring grew significantly in the early 1900's. This was through U.S. textile companies using factoring to provide them with the funds to purchase raw materials to expand & grow 👖 Manufacturers are key users of the Hiveterminal platform! #smartBusiness 🧠

In 2020 the 🇩🇪 factoring market was worth 270 billion Euros. But as a percentage of GDP that's only 8.4%. Small when compared with 16% in 🇪🇸 and 14% in 🇫🇷 & 🇮🇹. Plenty of room for this market to grow even bigger❗ A key driver for Hiveterminal expansion. #smartBusiness 🧠

Using invoice factoring, a business can have the money paid almost immediately through Hiveterminal.com This improves cash flow and makes business planning and forecasting more accurate, potentially opening more opportunities 👌 $ETH #smartBusiness 🧠

Hiveterminal reaches a key milestone as it builds towards providing invoice factoring services in the 🇨🇭 Swiss marketplace. @cointelegraph see why this is really important for us and what it means! loom.ly/q09SDhc

A wide range of industries use invoice factoring, this is reflected in the invoices already sold on Hiveterminal. The key markets in 2020 by size were: -Manufacturing 🧑‍🏭 -Transport and Logistics 🚛 -IT, Healthcare 🩺 -Construction👷. What's your market? #smartBusiness 🧠

The global factoring services market size was valued at 3,235.88 Billion USD in 2020. More than the GDP of ​​Sweden, Poland, Belgium, Austria, Ireland, Denmark, Finland & Portugal combined 🤯 Maximise on invoice factoring today with hiveterminal.com #smartBusiness 🧠

HVN is the ERC20 utility token used on Hiveterminal. When a buyer purchases an invoice they pay a fee of 1% of the value of the invoice in HVN. You can buy tokens direct on the platform or via exchanges such as @Lykke #smartBusiness 🧠

Non-recourse factoring allows a company to sell its invoices without the obligation of resolving unpaid invoices. With recourse factoring if the invoices are not bought, the seller buys them back. Both have benefits 👍 and disadvantages 👎. #smartBusiness 🧠

The technology side of Hiveterminal is actively being transformed. We wanted to lift the veil on this transformation process a little, explaining some of the processes happening behind closed doors and letting our community join us for the ride. loom.ly/zEMf1gM

Don’t wait for your customer to pay you. Once your invoice is uploaded and sold through hiveterminal.com, your payment can be cleared and in your business bank account within 24 hours! How’s that for quick 🏎️ #smartBusiness 🧠 #blockchain #DeFi #Finance

In 2020 the estimated size of the factoring market in Germany 🇩🇪 was 270 billion EUR. The equivalent to over five million lovely shiny new #VW ID4s 🚗. Every household in Belgium 🇧🇪 could have one for that! You can see why Hiveterminal is expanding! #smartBusiness 🧠

Get the latest news and views direct from the team by signing up to hiveterminal.com and joining the official telegram channel! $HVN #News #Cryptocurrency #factoring

To buy an invoice on hiveterminal.com you have to pay a 1% fee. This fee is charged in $HVN 💡 $HVN is the utility token that powers Hiveterminal. You can buy it from an exchange i.e. HitBTC or through the platform when purchasing an invoice. #smartBusiness 🧠