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Peer2Peer Finance News | August 21, 2019

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MarketInvoice showcases platform at Xerocon

MarketInvoice showcases platform at Xerocon
Tim Evershed

MARKETINVOICE is showcasing its new online platform to accountants, financial directors and entrepreneurs at Xerocon 2018 this week.

The platform will give Barclays business banking customers direct access to MarketInvoice funding solutions.

The platform’s integration with Xero enables businesses to apply for invoice finance in minutes and manage their facility once set up.

Earlier this year, Barclays became the first UK high street bank to partner with the peer-to-peer business and invoice finance platform.

The partnership will allow MarketInvoice to broaden its reach across the UK and Barclays to invest in new business models for growth.

“Our direct integration with Xero enables us to provide a wide range of invoice finance facilities to UK businesses,” said Tom Davenport, head of strategic partnerships at MarketInvoice.

Read more: MarketInvoice on scale-up drive after kicking off series B funding

“The Barclays partnership means we will can service even more customers.

“Through these relationships with accountants and bankers, by using real-time data, we can plug into these flows of information, to identify and bridge funding shortfalls.”

Read more: Barclays to fund of invoices via MarketInvoice in coming years

“Almost all business owners are connected to an accountant. Across all these accountants and business owners, there are hundreds of thousands of conversations about financial services happening every month.

“In working with Xero and Barclays, we aim to bridge insights by providing the right and timely solutions to businesses.”

Read more: Barclays takes stake in MarketInvoice SME drive