Jeff Randall of Sky News talks to Anil Stocker, co-founder and director of MarketInvoice, and Harry Platt, chief executive of Workspace Group, about the current state of small business lending in the UK.view more
“Dessi Bell doesn’t get stressed about cashflow. Nor does she worry if her bank manager refuses her a loan. Since discovering MarketInvoice... she thinks less about how to bridge gaps between payments”view more
“Anil Stocker, co-founder of MarketInvoice, which loans UK businesses capital tied up in their invoices, said that the company saw a rise in the number of businesses with a £1m turnover applying for funding."view more
“MarketInvoice is a start-up that runs an electronic marketplace in which small firms sell their unpaid invoices to investors at a discount. This lets credit-starved businesses get hold of cash faster.”view more
An online platform where businesses can selectively sell outstanding invoices to a pool of investors.
To release funds tied up in invoices. This finance is typically used to smooth cashflow and to fund growth projects.
Any business with revenues of more than £100,000 with invoices owed by blue chip debtors.
The vast majority of clients draw down funds within 24 hours.
There's no set limit, although funding must correspond to outstanding invoices. Our biggest invoices traded have been over £1m.
You can see a list of significant press mentions here.
Times appear to be changing - and new and old worlds colliding. MarketInvoice, set up by former investment bankers, is an online invoice financing platform that has grown rapidly since it was created in 2011
"MarketInvoice is rewiring a neglected corner of finance- and making a real impact"
"Demand from small, fast growing companies is fuelling rapid growth at MarketInvoice."
“MarketInvoice is an online marketplace where big institutional investors can advance working capital to small businesses by acquiring their long-date invoices."
“MarketInvoice, set up by former investment bankers, is an online invoice financing platform that has grown rapidly since it was created in 2011”
* Net of MarketInvoice Investor Fee and losses. Assuming MarketInvoice Investor Fee of 20%
** Default rate includes on-going disputes over payment. Our crystallised loss rate reflects the percentage of invested finances where there has been non-payment that is no longer being disputed.
Our founders have also won Young Entrepreneur of the Year 2014 at Startups UK and Young Business Person of the Year 2013 at the FSB London Business Awards