MarketInvoice, a P2P platform providing invoice financing for SMEs

Anil Stocker, CEO & founder of MarketInvoice
Anil Stocker, CEO & founder of MarketInvoice

INNOVATION DESCRIPTION

MarketInvoice is a VC-backed peer-to-peer fintech platform. Its funds are provided by investors from around the globe, including the UK Government-owned British Business Bank. The platform uses a peer-to-peer approach to provide day-today operational financing for small companies as varied as mobile development agencies, food brands and care homes. It’s the largest start-up in this space worldwide. It is currently lending over £30 million/month to small businesses and is on track to double (according to plans) that amount within the next year.

Watch an interview with Anil Stocker, CEO & founder of MarketInvoice, at the Silicon Real Show, discussing how they do invoice financing.

Innovation Details

Organization: MarketInvoice
Country: UK
www.marketinvoice.com

Reasoning

To provide small businesses with fastworking capital financing solutions in aflexible and transparent environment.

Unique value proposition

Providing small businesses with fastcash by financing invoices and thus letting small companies run their everydaybusiness.

Implementation

  • Process steps and timeline: n/a
  • Current status and progress: Launched in 2010

Investments

  • Overaall: n/a
  • Marketing & PR: n/a
  • IT & Ops.: n/a

Results

Already lending over £30 million/monthto small businesses and on track todouble that within the next year.

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