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.