Member Article

MarketInvoice touts £2bn lending ambition in big year for FinTech platform

Peer-to-peer (P2P) online invoice financing platform, MarketInvoice, has said it is targeting £2bn of lending to businesses this year, as it looks to almost double the £1.1bn it has lent to date.

The London-headquartered business, which helps businesses release funding from unpaid invoices, is hoping the launch today (Thursday) of its MarketInvoice Pro service can help fuel further growth in 2017 by giving businesses an open funding line against their outstanding invoices.

Its new Pro service is targeted at companies who need a permanent source of funding, with the ‘confidential invoice discounting service’ opening up what amounts to a credit line with investors on the P2P platform.

It said it hopes the new service will help to expand its lending activities to encompass a wider range of businesses, from early-stage startup companies to firms who are looking to scale up.

Chief Executive Officer, Anil Stocker, commented: “Our track-record of exceptional customer service with businesses and their reciprocal trust and faith in us, means we are confident of delivering more funding and success for them.

“The appetite for asset-based finance is roaring and we aim to forge new ground in this £20bn industry”

“As Brexit takes shape, we think the coming months present a significant opportunity for MarketInvoice. In every period of turmoil there exists huge opportunity – we believe our model will mature through this cycle, and prove we are here to stay.”

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