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MarketInvoice reaches new milestone

Monday 15 July 2013 10:43 CET | News

UK-based SME working capital finance provider MarketInvoice has reached the milestone of GBP 50 million funded to British businesses through MarketInvoice since launching in February 2011. GBP 35 million of this money was channelled through the platform in the last 12 months alone.

Since launch over 1000 auctions have taken place, and the average funding request on the platform is GBP 55,000. Over 250 companies have auctioned their invoices on the website, each company using the platform 3 or 4 times a year on average. Around 28 percent of the total value funded through the platform has been for export invoices, helping British businesses deliver goods and services across the world.


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Keywords: MarketInvoice, UK
Categories: Banking & Fintech
Companies:
Countries: World
This article is part of category

Banking & Fintech