After originating £1.6bn in invoice financing for UK businesses, MarketInvoice is launched a standalone business loans service. The service will allow firms to obtain unsecured loans of between £10,000 to £100,000 over a 12-month term.
Fast-growing fintech company MarketInvoice is launching a business lending service, after advancing over £1.6bn to UK firms through invoice finance over the past six years. Anil Stocker, chief executive and co-founder of MarketInvoice, told The Daily Telegraph that the firm wanted to lend over £100m to companies within two years. “It is a very big market, worth around £35bn. The feedback we’ve had from customers is they are being failed by the big banks and they want a new lender,” he said.