FinTech company MarketInvoice plans to double the size of its business in 2017

FinTech company MarketInvoice plans to double the size of its business in 2017

Published

FinTech company MarketInvoice plans to double the size of its business in 2017 

MarketInvoice, Europe’s largest peer-to-peer invoice finance platform, a part of MCI.TechVentures portfolio, announced that it hopes to reach 2 billion GDP in total lending by the end of 2017. It would amount to 133% growth y/y.
The fuel for growth in 2017 will be provided by company’s new product - MarketInvoice Pro. It lets businesses effectively draw lines of credit from investors, secured against their collected unpaid invoices rather than individual ones.
MarketInvoice started out in 2010 as a platform to let professional investors lend money to businesses secured against individual unpaid invoices. It is one of the newest companies in MCI.TechVentures portfolio. The investment was announced in 2016, amounting to 7.2 million GBP.
MCI Capital has a strong exposition on FinTech industry, with stakes in such companies as: iZettle, Azimo and Dotpay / eCard.

Copy as a Plain Text

Share

Related Stories
MarketInvoice from MCI.TechVentures portfolio appoints co-founder of Zopa as a new chairman

ago

MarketInvoice, the world’s largest peer-to-peer invoice finance platform, has announced the appointment of a new chairman of the board of directors. Giles Andrews is an experienced and successful entrepreneur, co-fouder of Zopa - the world’s first peer-to-peer lending platform.
iZettle from MCI.TechVentures portfolio joins forces with UnionPay International

ago

One of the fastest growing technology companies in Europe and EMEA, iZettle, announced the addition of UnionPay, one of the largest card networks in the world, to its range of accepted credit and debit cards. iZettle has been a part of MCI.TechVentures portfolio since 2015.
iZettle from MCI.TechVentures with the new funding and new CFO

ago

iZettle, a company which is part of the MCI.TechVentures portfolio, the leader of the market acceptance of mobile payments in Europe and Latin America, announced that it has raised over 60 million EUR, in the next round of funding and hired new CFO.
MarketInvoice closed Q2 with £161m in invoices processed

ago

For the business financing firm, MarketInvoice, June was the busiest month ever. Its invoice lending volumes exceeded £60m.The company registered the value of invoices funded on the platform from £103m in Q2 last year to £161.9m this year.Anil Stocker, CEO and co-founder

ABC Data named IT Distributor of the Year in prestigious Mobility Trends competition

ABC Data, a company from MCI.EuroVentures portfolio, won Golden Bell award in IT Distributor of the Year category of prestigious Mobility Trends competition. It is the second time in a row when the company wins this award.