Press Information
MarketInvoice has been covered extensively in the broadcast and print media. Key resources include our featured videos, radio broadcasts, market commentary and press releases.
Click here for a full list of MarketInvoice’s coverage in the press.
“The government is to award £100 million to alternative lenders such as online peer-to-peer finance companies in a bid to help boost funding to entrepreneurs. Online peer-to-peer lending services allow individuals to lend money directly to SMEs using. Companies such as MarketInvoice and Funding Circle have been invited to submit proposals showing how they would use some of the £100 million to encourage lending to startups.”
- Wired, 31st May 2012
- Wired, 31st May 2012
“A new breed of “peer-to-peer” lenders that allow individuals to supply funds to small businesses are preparing to compete for up to £100m of government money as they look to accelerate their already rapid growth. Peer-to-peer groups and other alternative finance providers were allocated the funds in this year’s Budget in an attempt to boost the flow of credit to small and medium-sized enterprises amid a sharp withdrawal of traditional bank lending.”
- Financial Times, 31st May 2012
- Financial Times, 31st May 2012
“The government has announced that as part of the Business Finance Partnership’s £500 million fund for small and medium sized enterprises (SMEs), £100 million will be distributed to alternative finance lenders. MarketInvoice will be applying for £30 million of government funding to go direct to SMEs.”
- BBC Radio 4, 31st May 2012
- BBC Radio 4, 31st May 2012
“The government is planning £100m in funding for alternative lenders, including new internet finance firms. It is part of £500m being made available to small and medium sized firms through the government’s Business Finance Partnership. So called peer-to-peer lenders are expected to be big beneficiaries. They use the internet to match businesses with investors with money to loan.”
- BBC News, 30th May 2012
- BBC News, 30th May 2012
“Mick Fortune considers himself lucky. Despite a tough economy his company’s order book for balconies and balustrades is full, the only problem, his customers can take almost three months to pay him. To get his money more quickly Mick turned to this invoice financing start-up in London, something a hundred small and medium sized businesses now do on a regular basis.”
- Bloomberg, 26th April 2012
- Bloomberg, 26th April 2012
“MarketInvoice is an online marketplace where big institutional investors — hedge funds, family offices and rich individuals — can advance working capital to small businesses by acquiring their long-date invoices. Small businesses get access to quick, cheap money that is less risk averse than traditional finance products offered by banks. Buyers can tap into an asset usually tied up by the large banks and factoring companies. Wired.co.uk catches up with founder Anil Stocker.”
- Wired, 25th April 2012
- Wired, 25th April 2012
“A year on, Witenberg is an avid user of Market Invoice, and one of 100 entrepreneurs who regularly use it. Since February last year, the business has seen monthly auction volumes rise from £20,000 to about £3m. The firm, run by two former bankers, recently completed auctions worth £1m in a day.”
- The Sunday Times, 15th April 2012
- The Sunday Times, 15th April 2012
“MarketInvoice.com, for example, enables entrepreneurs to auction invoices to investors rather than take out bank loans to cover the period until the invoices are paid. The process is quick and easy and the fees range from 1 to 2 per cent. MarketInvoice.com also takes a 0.5 per cent arrangement fee.”
- The Times, 24th April 2012
- The Times, 24th April 2012
“The Government appointed Breedon report that has just been published aims to tackle what many small businesses see as their biggest hurdle, funding. Latest figures from Project Merlin show the big five banks in the UK missed their lending targets to small companies in 2011. Well according to the banks this is not due to a lack of cooperation on their part.”
- BBC News, 16th March 2012
- BBC News, 16th March 2012
“This morning’s Breedon Report from the Government commissioned task force says small businesses should be looking at alternative ways of raising money. [...] The task force will unveil plans to set up a business finance advice network, more business to business lending and establishing a single body to bundle up and sell on small business loans and it’s also calling on bigger firms to help out the smaller ones by paying for services more quickly.”
- BBC Radio 4, 16th March 2012
- BBC Radio 4, 16th March 2012
“Anyone with a business will know just how hard it is at the moment to borrow money from a bank. Well, one way round that is to consider one of the many forms of alternative funding. Today saw the launch of an umbrella group of these called the Next Generation Finance Consortium.”
- Simon Mayo Drivetime, BBC Radio 2, 8th March 2012
- Simon Mayo Drivetime, BBC Radio 2, 8th March 2012
“The idea is similar to factoring, whereby firms sell off all their invoices at a discount to improve their cashflow. But the idea behind [...] MarketInvoice [...] is to break receivables down into small, tradable units so that buyers can make judgments on individual debtors and diversify their holdings.”
- The Economist, 23rd February 2012
- The Economist, 23rd February 2012
Anil Stocker, director of MarketInvoice, says “The banking sector is going to change radically over the next 5-10 years. I think there is going to be a lot more innovation and a lot more competition. The UK has always been at the forefront of financial service innovation so why shouldn’t it start here?”
- Sky News, 13th February 2012
- Sky News, 13th February 2012
“Anil Stocker is the director of MarketInvoice, which was set up a year ago to provide an alternative to traditional factoring services. It offers SMEs the opportunity to auction off outstanding invoices to investors, improving their cash flow.”
- The Independent, 23rd January 2012
- The Independent, 23rd January 2012
“Anil Stocker, co-founder of MarketInvoice, an online marketplace for companies to sell their invoices to raise cash quickly, said: ‘The biggest barrier to faster adoption of emerging finance alternatives is simply awareness.”
- Financial Times, 16th December 2011
- Financial Times, 16th December 2011
“When the shadow business secretary makes a speech calling your seven-month old business ‘the lifeblood of the lifeblood of our economy,’ it’s fair to say you’ve made quite an impression.”
- City A.M., 5th December 2011
- City A.M., 5th December 2011
“In this current period of macroeconomic uncertainty, large corporates tend to hoard cash and the easiest way to preserve cash is to delay paying your suppliers. The worst offenders for paying late are large companies which are behind 48 percent of SME late payment debt.”
- Reuters, 8th November 2011
- Reuters, 8th November 2011
“[It's] like a pay-as-you-go SIM card instead of a contract, where your bank locks you in for 12 months with lots of additional fees. (…) We are trying to help real businesses who employ regular people, the backbone of the UK economy.”
- Evening Standard, 27th October 2011
- Evening Standard, 27th October 2011
“Late payment by large corporates is a very serious and deadly thing for SMEs. On average, business owners in the SME sector spend half day a week chasing late invoices. That time should be spent growing your business.”
- BBC Show Me The Money, 31st July 2011
- BBC Show Me The Money, 31st July 2011
“[MarketInvoice has] trading statistics that show FTSE 250 companies (high street and household brands) paying businesses as late as 30 days after official terms.”
- City A.M., 25th July 2011
- City A.M., 25th July 2011
