Tagged: marketinvoice

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

UK P2P SME Lending at £3 Billion by End of Year

Cumulative lending to SMEs from Peer to Peer platforms will hit £3 billion before January 1st, according to a report from MarketInvoice. The company states that funding raised by SMEs via P2P lenders was up over 50% from year prior. The total lending to SMEs… Read More

Quotes From #LenditEurope: About China’s 2,000 Lending Platforms & More

Part II: Seen & Heard at Lendit Europe If you missed attending Lendit Europe, you missed a great event. You can catch up on a selection of presentations on Lendit . For short skimming, we’ve selected a few thought-provoking quotes from day 2. You may also… Read More

MarketInvoice Raises £6 Million in Series A: “Time to Put Our Foot on the Accelerator”

UK-based peer to peer lender MarketInvoice has raised a solid £6 million in a Series A funding round.  MarketInvoice is a direct lender that provides interim funding to firms via invoice financing.   MarketInvoice previously raised £5 million in December 2014. Launched in 2011 the… Read More

CBR Posts 2015’s Biggest UK Fintech Fundraising Rounds; Funding Circle and World Remit Top the List

Today CBR‘s Jimmy Nicholls posted research regarding London’s fintech scene, highlighting which companies have drawn the most money in their funding rounds. His results follow: 1. Funding Circle – £96m Perhaps the largest peer-to-peer lender in London is Funding Circle a technology start-up that began life… Read More

KPMG Links with MarketInvoice: Using Alternative Finance for Accounting Software & Business Education Programming

KPMG has linked with peer-to-peer business lender MarketInvoice, a partnership that will enable customers of KPMG’s Small Business Accounting Service to access MarketInvoice finance directly through their accounting software and will also include a business education program incorporating regional events, webinars, e-books and online ‘accountancy clinics’… Read More

AltFi Awards Recognizes New Financial Innovators

AltFinance News celebrated innovation in finance yesterday with their AltFi Awards 2014. The ceremony was held at the Vinopolis in London and recognized a diverse group financial industry participants including crowdfunding and peer to peer lending sites.  The big winner for the night was RateSetter… Read More

Seven UK Crowdfunding Power Players Team Up On New Web Portal, Outreach Initiative

Seven of the UK’s largest crowdfunding platforms have teamed up to launch alternativebusinessfunding.co.uk, a new web portal aimed at providing SMEs with “a free and easy way for SMEs to find alternative business funding.” Crowdcube, Seedrs, Zopa, Funding Circle, MarketInvoice, Platform Black and Pensionledfunding.com are… Read More

The Rise of Non Bank Financing Can Fill Demand Need

Regulations and banking go hand in hand.  The need to regulate and save the unwitting from scurrilous businesses or poor operating approaches has always been the charter of most governments.  In a time of uncertainty there is a tendency for regulations to be more overbearing… Read More