MarketInvoice reached its record trading day as more businesses turn to alternative finance

MarketInvoice reached its record trading day as more businesses turn to alternative finance

Published

With the sector expected to grow to as much as £12.3bn by 2020 avenues such as peer-to-peer (P2P) lending and invoice advancing are becoming a crucial source of finance for more and more UK businesses.

One of the biggest operators in the space in the UK, MarketInvoice, part of MCI representatives in FinTech industry , has enjoyed similar successes recently, to such an extent that the London-based firm has announced that 1st of August 2017 was its busiest trading day yet.

According to MarketInvoice, over £4m was advanced on its platform in a single day, far exceeding the £3.2m per day average and eclipsing the £3.1m it advanced on the same day last year

“We are pleased to be supporting businesses and confident that we can provide funding to them. Invoice finance is alive and well.

Anil Stocker

Anil Stocker, chief executive and co-founder of MarketInvoice described it as an ‘historic day’ for the FinTech firm.

Share

Related Stories
Dotpay won the concession for operating polish national e-judiciary platform

ago

Dotpay, part of MCI.EuroVentures portfolio, won a tender for handling polish e-judiciary online platform.  Six companies took part in the biding to get the concession. The objective criteria was, the most favourable commission, both for fixed and proportional fees, for h
Artificial intelligence in e-commerce

ago

Morele.net is one of the companies in MCI portfolio that is successfully implementing artificial intelligence in its e-commerce business.They use machine learning in order to increase gross profit, remaining in competitive price interval.  Program was analysing millions
Geewa, coming up with a new hit game !

ago

Geewa just “soft-launched” it’s new game Smashing Four, and it has already been listed in “Top Apps” on Czech appstore. New game is a combination of market best seller “Clash Royale” with a classic pool.  From the very beginning its collecting great reviews, and it’s on
MarketInvoice now lets businesses finance foreign invoices

ago

MarketInvoice, based in the U.K., is adding support for companies that have foreign invoices. The invoice financing company said it is adding euro and U.S. dollar capabilities to its solution, allowing businesses with invoices in these currencies to get financed. The fea

US Navy and ORNL Develop Military’s First 3D-Printed Submarine Hull

Planes, automobiles, and…submarines? Oak Ridge National Laboratory (ORNL) just made a big splash with its latest application of 3D printing. Through a partnership with the Navy’s Disruptive Technology Lab, the team at ORNL’s Manufacturing Demonstration Facility (MDF) cre