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Peer2Peer Finance News | November 25, 2017

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invoice finance

MarketInvoice expands into business loans market

November 1, 2017 |

MARKETINVOICE is expanding into the business loans market.

The peer-to-peer invoice finance platform said on Wednesday that it now offers unsecured business loans ranging between £10,000 and £100,000 over a 12-month term with no early repayment fees.

The firm has … Read More

MarketInvoice celebrates another record quarter

October 9, 2017 |

MARKETINVOICE is celebrating yet another record quarter, as the peer-to-peer invoice finance platform edges closer to the £2bn funding milestone.

The London-headquartered company said on Monday that £196.2m of invoices were funded in the third quarter of 2017, a 67 … Read More

MarketInvoice: Fintech saves businesses more than £5k a year

September 25, 2017 |

TWO THIRDS of businesses are embracing fintech, with a third making use of it for loans or invoice finance, MarketInvoice has revealed.

A poll of more than 3,400 businesses by the peer-to-peer platform found 32 per cent have used online … Read More

MarketInvoice’s losses doubled in 2016

September 20, 2017 |

MARKETINVOICE saw its losses double during 2016, as the peer-to-peer invoice finance platform continues to use funds to scale up.

Its latest accounts on Companies House for 2016 showed a loss before taxation of £6m, increasing from £3.1m in 2015.

Read More

MarketInvoice gets £45m funding boost from German bank

September 19, 2017 |

MARKETINVOICE has signed an agreement with German private bank Varengold to provide £45m of funding annually to UK SMEs via its platform.

The peer-to-peer invoice finance firm said on Tuesday that it had seen greater interest from global institutions, along with … Read More

Irish P2P lender secures £2.7m backing for international expansion

September 4, 2017 |

IRISH peer-to-peer lender GRID Finance has received a €3m (£2.7m) investment from former London derivatives trader turned venture capitalist Christophe Reech.

The deal makes Reech, founder of Reech Corporations Group, the biggest external shareholder in the platform.

The commitment was … Read More

MarketInvoice breaks £4m barrier on record day of trading

August 2, 2017 |

MARKETINVOICE had a record trading day on Monday, channelling £4.1m to UK businesses against their invoices.

This is over £1m more than the peer-to-peer invoice finance platform’s daily average of £3.2m. It is also the first time that more than … Read More

Crowdstacker-backed Amicus toasts Taunton Cider Company deal

July 19, 2017 |

SPECIALIST lender Amicus Commercial Finance has announced it will provide a confidential invoice discounting facility to The Taunton Cider Company.

Amicus is a bridging lender which peer-to-peer investors can lend to via Crowdstacker. Amicus has raised more than £15m through … Read More

MarketInvoice marks another record quarter

July 5, 2017 |

PEER-TO-PEER invoice finance platform MarketInvoice is celebrating its best quarter since its launch in 2011.

The platform announced on Wednesday that £161.9m of invoices were funded in the second quarter of 2017. with £64.2m funded in June alone.

The results … Read More

GLI-backed Sancus BMS raises stake in Sancus Finance

July 3, 2017 |

SHARES in peer-to-peer invoice finance platform Sancus Finance have been repurchased by its parent company after being sold just a year ago.

The Sancus BMS Group, a subsidiary of Aim-listed investment firm GLI Finance, has reversed a transaction with a … Read More