OFION presented in Hungary

OFION project and invoice financing hub that has been launched in the project, have been presented in Budapest on December 6th during the event organized by EIT Digital Budapest CLC. In addition to the presentation of main pilot, proof of concept related to the application of blockchain in the invoice financing, was also presented.

Hungarian market at the moment represents only 0,4% of overall EU invoice factoring business, but with 58% compound annual growth rate, it is the fastest growing market in Europe.