Invoice company has facilitated £400m of funding for SMEs » SMEInsider

Invoice company has facilitated £400m of funding for SMEs

MarketInvoice, a peer-to-peer (P2P) lending platform specialising in helping small businesses has revealed that over the past four years, it has facilitated over £400m in funding for UK firms.

MarketInvoice has witnessed 30 per cent year-on-year growth when it comes to lending to UK businesses. In the last year alone, the lending platform has delivered over £100m worth of funding.

‘‘The completion of £400 million of business funding is an important milestone for MarketInvoice. Not only have we helped over 1,000 individual, high growth UK businesses, but we have delivered a consistently low 0.04% loss rate for investors, which is unparalleled in peer-to-peer business lending,’’ stated Anil Stocker, CEO and co-founder of MarketInvoice.

Recent investments have allowed MarketInvoice to prosper, particularly when lending to smaller businesses. In August 2013, the UK Government-backed British Business Bank invested £5m in MarketInvoice’s platform. This initial investment has now funded almost £50 million for SMEs

‘‘We are continuing to see more and more businesses use our service and already have our sights firmly set on hitting the milestone of £1 billion of funding for businesses,’’ continued Stocker.