Vendofin is a platform that provides an innovative way to sell and buy assets and receivables through online auctions. One of the advantages of the platform is that it allows sellers to determine the minimum sale price, start date and time, the type of auction, as well as its duration. In this way, complete control over the process is achieved and an optimal price is achieved. Bidding starts above the minimum price and the buyer with the highest bid wins. The seller can also determine a price for direct purchase at which a deal can be concluded without holding an auction.