Since it’s inception in 2011, MarketInvoice has revolutionised the way that UK businesses draw money against their outstanding customer invoices. To date, they’ve funded over 70,000 invoices worth £1.4 billion. Businesses can choose to selectively fund invoices to get an advance of up to 90% of their value (MarketInvoice Select), or set up an ongoing funding line secured against their ledger (MarketInvoice Pro).
MarketInvoice helps businesses unlock tied-up cash at competitive rates, quickly and easily. It’s fast, flexible funding for growing businesses to hire more staff, launch new products and pay their suppliers.In 2013, the UK government via the British Business Bank, began began funding invoices through MarketInvoice. This partnership has now seen more than £100m provided to small businesses in the UK.
MarketInvoice is the largest growing business in the invoice finance space worldwide, already lending £45 million/month to small businesses. It’s a £25bn/year market which is dominated by legacy lenders and banks with lengthy and complex processes. MarketInvoice delivers smart technology and personalised customer service to help make business finance simple.