The UK startup has raised GBP 6 million (USD 10 million) from Nordic venture capital company Northzone, which also backed Spotify, and the family office of Paul Forster, the co-founder of job search engine Indeed.com.
MarketInvoices online platform applies the peer-to-peer lending model to invoice financing, a form of business lending where companies can borrow money against unpaid invoices. Its effectively a way for businesses to get hold of money theyre due in the future today, although at a discount.
But MarketInvoice plans to open up the platform to retail investors — ordinary people — in 2016, using the money raised to help with a marketing push.
MarketInvoice also wants to expand to new markets in Europe in H2 2016.
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