Tagged: marketinvoice

P2P Invoice Financing Platform MarketFinance Rebrands, Plans to Compete with Large Lenders OakNorth, Esme Loans

MarketFinance is one of the world’s largest peer-to-peer (P2P) invoice finance platforms. Established in 2011 and based in London and Manchester, MarketFinance has reportedly issued more than £1.1 billion (appr. $1.4 billion) in funding to thousands of UK-based businesses. MarketFinance assists business owners in dealing… Read More

MarketInvoice Boosts Credit Facility Now Supports Businesses with Up to £50 Million in Revenue

Leading invoice financing platform MarketInvoice is going big. The Fintech has announced that it is now supporting larger businesses regarding their lending needs. According to a release, MarketInvoice will now accept businesses with turnover between £5 million to £50 million as it continues to scale… Read More

MarketInvoice Report Says UK SMEs Now Valued at Almost £3 Trillion

MarketInvoice, a Fintech in the invoice financing sector, has published their “MarketInvoice Business Insights survey” based on responses from 1,000 business owners of UK Ltd companies between 31st May and 5th June 2019. According to their results, the lack of finance options is considered to… Read More

Fintech Business Lender MarketInvoice Nabs £26M in Series-B Round Led by Barclays & Santander InnoVentures

UK fintech business lender MarketInvoice has raised £26M in new equity funding during a Series-B funding round led by Barclays and Santander’s $200M fintech fund InnoVentures with significant participation from European venture fund Northzone, an existing investor in the company. Technology credit fund Viola Credit, who… Read More

UK Fintech MarketInvoice Announces New Partnership With Barclays

UK fintech MarketInvoice announced on Thursday it has formed a partnership with Barclays. The duo is collaborating with a mission to transform the way small and medium enterprises (SMEs) in the UK manage cash flow and accelerate growth. As part of the partnership, Barclays has… Read More

UK Fintech MarketInvoice Joins NatWest’s Capital Connections Panel

Business finance company MarketInvoice announced this it has joined a select group of alternative finance firms on NatWest’s Capital Connections panel. MarketInvoice reported that it is the ninth alternative finance provider to join Capital Connections, alongside Funding Circle, Assetz Capital, Start Up Loans, Seedrs, Together, iwoca, Esme… Read More

Banco BNI Europa & Varengold Bank AG Add £135 Million in Total Funds to MarketInvoice Platform

MarketInvoice announced on Monday it has signed agreements with Portuguese bank Banco BNI Europa (BNI) and German bank Varengold Bank AG to add £90 million and £45 million respectively on its platform. This news comes just one week after the company announced it topped £2 billion worth… Read More

UK Fintech MarketInvoice Tops £2 Billion in Online Lending

MarketInvoice has announced a new milestone of having topped £2 billion worth of invoice finance and business loans to UK companies. Launched in 2011, MarketInvoice has now provided financing solutions to thousands of businesses across the UK. The company reports that during this time over… Read More

London Fintech MarketInvoice Announces Partnership With Trade-Credit Insurance Firm Euler Hermes

Peer-to-peer invoice finance platform, MarketInvoice, announced this week it has formed a partnership with trade-credit insurance firm Euler Hermes to provide credit insurance policies to its customers in order to safeguard their businesses. This news comes just a few months after MarketInvoice added business loans to its invoice finance… Read More

CCAF: Startups & SMEs are Big Beneficiaries of UK Alternative Finance as Market Grows by 43% Year over Year

The Cambridge Centre for Alternative Finance (CCAF), the leading global research institute for all things Fintech, has published its fourth annual survey on UK alternative finance. According to the report, entitled Entrenching Innovation: The 4th UK Alternative Finance Industry Report, the sector of emerging financial… Read More

Targeting £2 Billion. MarketInvoice Stands at £1.34 Cumulative Invoices Funded

This past February, MarketInvoice shared it had funded invoices over £1.1 billion since platform launch in 2011. The online lender said it expects to top the £2 billion in invoices funded by the end of the year. This prediction was said to be catalyzed by… Read More

CB Insights Announces Fintech 250: Emerging Tech Makes Permanent Change

Each year CB Insights publishes The Fintech 250, recognizing the 250 top private companies changing the face of financial services around the world. From insurance to blockchain to lending to wealth management to regtech, the alphabetical list is comprised of companies in sectors from across… Read More

MarketInvoice Receives £45 Million to Lend from BNI Europa

MarketInvoice, a UK based invoice financing platform, has received a £45 million lending commitment from Portuguese bank BNI Europa. “We are proactively working with Fintech businesses globally that prescribe to our vision of providing low-cost, innovative products with exceptional customer service. MarketInvoice has consistently delivered… Read More

MarketInvoice Appoints Former Barclays & Santander Executive Shaun Alexander As Head of Risk

Peer-to-peer invoice finance platform, MarketInvoice, announced on Monday it has appointed Shaun Alexander as it’s new Head of Risk. This news comes less than a month after the online lender appointed Zopa’s co-founder, Giles Andrews, as a new chairman. Sharing details about Alexander’s appointment, MarketInvoice revealed: “We… Read More

Xero Integrates with Multiple Online Lenders

Xero has announced a series of new agreements to integrate a handful of online lending platforms. Xero has added MarketInvoice, iwoca, and DueCourse to its software platform. Xero is an online accounting software designed for small business and their advisors. The company currently has over… Read More

UK P2P Platform MarketInvoice Appoints Giles Andrews As New Chairman

Peer-to-peer invoice finance platform, MarketInvoice, announced on Monday it has appointed Zopa’s co-founder, Giles Andrews, as a new chairman. The company confirmed that Andrews will be working directly with co-founders Anil Stocker and Ilya Kondrashov to drive scale in the business as well as chairing and managing… Read More

P2P Platform MarketInvoice Raises £7.2 Million in Post Brexit Funding

MarketInvoice has announced raising £7.2 million in a funding round led by MCI.TechVentures Fund of MCI Capital, a listed Polish private equity group. Existing investor NorthZone also participated in the round. Along with the investment, Sylwester Janik of MCI Capital will be joining the Board… Read More

The Many Faces of Marketplace Lending : Auxmoney, Funding Circle, FundingXChange & CrossLend 

  Execfintech, the German fintech event that took place March 8 in Frankfurt dedicated a couple of panel presentations to marketplace lending. The companies represented included the two most successful lending platforms in Germany, P2P lending site Auxmoney and P2B lending marketplace Funding Circle, along… Read More

Brief: KPMG Acquires Fintech Markets IT, a “Timely and Strategic” Opportunity

KPMG has acquired fintech platform Markets IT for an undisclosed sum, in an effort to expand its “big data” capability and help banking clients grapple with a barrage of regulatory change, according to the Financial Review. KPMG Australia CEO Gary Wingrove referred to the merger as a “timely… Read More

MarketInvoice States: London SMEs Turn Their Backs on Banks, Shifting to Peer to Peer

MarketInvoice, a peer to peer lender that provides cash flow finance, is pointing to data that indicates London SMEs are moving away from banks and towards online lenders. According to MarketInvoice, information from the British Bankers Association (BBA) shows new loans to London SMEs crumbled… Read More

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