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Peer2Peer Finance News | December 14, 2018

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MarketInvoice boosts regional presence with new hire

MarketInvoice boosts regional presence with new hire
Tim Evershed

MARKETINVOICE has hired ex-banker Adrian Payne (pictured) to boost its regional presence as head of sales for Midlands and the South West.

The peer-to-peer invoice finance and business loans platform says the appointment comes in response to increased demand from companies in those areas.

It says it has already provided over £74m in funding in the Midlands and South West regions to date this year, compared with £67m in the whole of 2017.

“MarketInvoice is growing at a phenomenal rate and I am thrilled to be joining the team at such an exciting time,” said Adrian Payne, head of the Midlands and South West, MarketInvoice.

Read more: MarketInvoice joins NatWest’s SME finance panel

“Businesses in the Midlands and South West are agile and forward-looking companies, the MarketInvoice proposition will be a great fit.”

Payne will establish a team to complement MarketInvoice’s Manchester office and long-standing partnerships with local authorities in Leeds and Oxfordshire.

He began his career in finance at Barclays Bank as a business banking manger in 2010.

Read more: MarketInvoice secures £100m of institutional funding for larger invoice finance deals

Payne has since led regional teams in the Midlands and South West at Bibby Financial Services, Aldermore Bank and most recently at Ultimate Finance Group.

Read more: MarketInvoice hits £2bn lending milestone