Investly, an Estonian peer-to-peer (P2P) lending platform, is now seeking £500,000 through its equity crowdfunding campaign on Seedrs. Founded in 2013, Investly provides an invoice finance platform that allows users to upload invoices and get them paid with the best rates at a faster pace. The company revealed that it helps European businesses finance their 30-180 day invoices on an easy to use marketplace that brings them the best price from multiple providers.
The company explained that through the platform businesses are able to take on more customers; speed up their production process; and avoid seasonal cash flow gaps while marketplace investors are able to get high returns (historic annualised weighted average of 10.6%); invest into short duration asset class (typical financing period 30-40 days); and finance invoices against debtors around Europe (€ and £). Investly also noted that the financing process is designed to be efficient and easy to use for both businesses and investors.
According to Finextra, while sharing details about the new Payment Services Directive (PSD2), Investly CEO Siim Maivel stated:
“The PSD2 framework creates an exceptional opportunity and environment for cooperation between fintechs and banks. Banks must now enable customers to share their banking records with other financial services providers. The customer keeps control by only sharing what they want, with whom they want, and only when they explicitly choose to do so. This is a new era for banks, so they’re interested in developing strategic partners in every possible business niche to ensure they maintain their place in the new supply chain. Our aim is to become one of these invaluable partners, which would enable us to significantly increase our business volumes whilst providing their SME customers a flexible product within their bank. We are delighted that Calum has joined us to help realise this vision, and we look forward to taking the business to the next phase of its journey with this investment round on Seedrs.”
All funds from the Seedrs round will go towards growth and expansion of Investly’s platform. Since its launch, the campaign has raised more than £300,000 from over 125 investors. It is set to close later this winter.
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