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Peer2Peer Finance News | August 23, 2019

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MarketInvoice: Execs choose accountants for funding advice

MarketInvoice: Execs choose accountants for funding advice
Suzie Neuwirth

THE MAJORITY of UK business leaders see accountants as the most important source of advice on business finance options, according to new research from MarketInvoice.

The peer-to-peer invoice finance platform surveyed 3,874 executives at UK businesses, with 56 per cent of respondents ranking their accountants’ advice most highly. 23 per cent said their commercial finance brokers are their most important external advisers on funding choices, while only six per cent said they would consider speaking to a bank directly.

The findings come as MarketInvoice is set to announce a series of regional seminars aimed at educating accountancy practitioners across the UK about fintech offerings and how they can use them.

Read more: MarketInvoice: One third of UK firms facing cash squeeze

“Accountants and commercial finance brokers are increasingly becoming the default go-to for companies seeking advice on business finance, especially where funding is required quickly,” said Darvish Heshejin, head of partnerships at MarketInvoice.

“It’s imperative that these professionals are aware of the wider funding opportunities available to provide the best, most comprehensive advice to their clients and find the solution that fits.”

MarketInvoice recently celebrated a record day of trading, channelling £4.1m to UK businesses against their invoices.

The platform said that its new product MarketInvoice Pro, which offers businesses an open funding line against their outstanding invoices, had driven the growth.

Read more: Euro and dollar functionalities added to MarketInvoice Pro