Anil stocker.jpeg

MarketInvoice

marketinvoice.com

t: @marketinvoice

CEO:  Anil Stocker

Founders:  Anil Stocker, Ilya Kondrashov

Founded: 2011

Sectors:  Lending

Total Funding: $37.7M

Most Recent Funding:  $9.51M Series B July 2016

Lead Investor: MCI Capital SA

HQ: London, UK

MarketInvoice is the world’s largest peer-to-peer invoice finance platform. Launched in 2011, based in London and Manchester, MarketInvoice announced that it had reached £2bn of cumulative lending and expects to hit £3bn by the end of the year. The average value of invoices funded through the platform rose to £96,597 in 2017 from £56,495 in 2016.

MarketInvoice helps thousands of businesses overcome the lengthy payment terms of their customers. Businesses can choose between having an open funding line against their outstanding invoices (MarketInvoice Pro) or decide which invoices (Select) they want to finance, unlock tied-up cash in 24 hours at competitive rates. It’s fast, flexible funding for growing businesses to hire more staff, launch new products and pay their suppliers.

In March 2018, MarketInvoice secured more than £100m of fresh funding from two of its institutional investors. The peer-to-peer business finance lender signed agreements with Portuguese bank Banco BNI Europa (BNI) and Germany’s Varengold Bank to channel £90m and £45m respectively on its platform.