During the Pilot phase, Infidia tested its solution and gained feedback from 5 companies. Moreover, it immediately included some of their suggestions for the web app interface and functionalities in its product roadmap. Therefore, by its testers’ recommendation, the Infidia web app now has additional features that improve scalability. For example, users can send a batch of invoices as invoice financing requests. Another improvement that Infidia is developing is a unique system of notifications for the factoring process. Derived from the factoring process’s identified mistake, Infidia is improving this process for its ten clients (BlockStart KPI).
With these improvements, Infidia is tapping into a large portion of the 2,87 trillion-euro factoring market and opening another eight trillion-euro market of invoices not used for invoice financing.
At this stage, 10+ people are working on Infidia: two co-founders, four team members, freelancers, and two consultants. In October, one more financial professional joined the company-s ranks, making Infidia proud as it validates the potential of the team. Moreover, as highly motivated and enthusiastic, Infidia sets an example for its future team members, regardless of their expertise.
Finally, Infidia became a member of additional programs and accelerators. As part of the R3 Corda ecosystem and venture development, the company was invited as speaker at the most significant blockchain conference this year – CordaCon 2020 – as in on the process of being connected to the highest-ranking executives of leading banking institutions and blockchain-focused VC funds, that have shown an early interest in investing in Infidia.