MarketInvoice hits ?200m funding milestone

Launched in 2011, the company has just shown year-on-year trading growth of 465 per cent. It funded ?3m worth of invoices in its first year, ?30m in its second, ?66m in its third and ?100m in 2014 already.

Its invoice trading platform allows businesses to sell invoices to investors on a flexible basis.

MarketInvoice founder and CEO Anil Stocker said: ?The businesses we?re helping are some of the most exciting in the UK – young, dynamic, successful companies eager to explore opportunities for growth and not willing to wait weeks on end for the bank manager to catch up with them.

?Our investors have put ?200m straight into the real economy through these companies and we plan to help thousands more businesses in the near future.”

MarketInvoice is one of a growing crop of alternative funding companies which are using technology and new methods in an effort to disrupt the business funding space, which has been so dominated by bank debt. 

Today’s figures, though small in comparison to the total amount banks lend, will be seen as indicative of a growing interest from small and medium companies in alternative funding. 

Stocker said: ?Alternative finance is here to stay, the banking crisis has only accelerated an inevitable trend. By dis-intermediating financial services we can help businesses get fast, transparent and flexible funding.

?Like so many other industries digital technology is changing the landscape of financial services, improving the experience for the end user, and demanding a re-think of all the old norms.?

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