MarketInvoice inks deal with Germany's Varengold Bank
MarketInvoice inks deal with Germany's Varengold Bank

MarketInvoice inks deal with Germany's Varengold Bank

Published

Business finance company MarketInvoice has signed an agreement with Varengold Bank AG to provide £45m funding annually on its invoice finance platform. This will fund working capital solutions for businesses across the UK.

Overall, sums advanced to UK businesses from institutional investors via MarketInvoice have increased more than 4-fold since 2014 from £27.8m to £116.3m in 2017. Cumulative funding from institutions stands at £296.2m which represents a quarter (26%) of the total funds advanced to UK businesses.

We have been looking at the fintech sector for some time. MarketInvoice and its peer-to-peer invoice finance platform presented a fitting opportunity for us. In particular, we were attracted by their products, approach to risk management and ambition for growth.

Dan Walker, Head of London Office, of Varengold Bank AG 

The recent increase in interest from global institutions and rise in funding levels has come since the launch of MarketInvoice Pro and mirrors the up-take of the product by UK businesses.

[source:https://www.finextra.com/pressarticle/70774/marketinvoice-inks-deal-with-germanys-varengold-bank]

Share

Related Stories
Digitalic (Italy) has chosen CEO of SiDLY as one of the most powerful women in technology of 2017

ago

CEO SiDLY, Edyta Kocyk , has been chosen one of the 15 most powerful woman in technology in 2017 by Italian magazine Digitalic. SiDLY is a part of Internet Ventures Fund since 2015. It offers a pioneer telemedicine equipment for patients requiring constant medical care,
windeln de : Founders and co-CEOs hand over business as part of an orderly succession

ago

The Supervisory Board of windeln.de SE, part of MCI portfolio since 2012, one of the leading online retailers for baby and toddler products in Europe and for customers in China, has appointed Mr. Matthias Peuckert as new Chairman of the Management Board of windeln.de SE.
Uber's Potential Expulsion From London Benefits Gett

ago

. London’s surprise decision to revoke Uber’s license to operate a ride-hailing service in the city may prove a boon for other operators, and could even present a juicy opportunity for Lyft to kick off its long-awaited international expansion.If Uber loses its appea
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

Geewa, coming up with a new hit game !

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