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Peer2Peer Finance News | March 22, 2018

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invoice finance

MarketInvoice hits £2bn lending milestone

March 19, 2018 |

MARKETINVOICE has reached £2bn of cumulative lending and expects to hit £3bn by the end of the year.

The business finance company said on Monday that the first £1bn was achieved after five years of trading and the second £1bn … Read More

Investly launches £500,000 fundraising to capitalise on Open Banking rules

January 29, 2018 |

INVESTLY, which enables investors to fund small- and medium-sized enterprises’ (SME) invoices, has launched a £500,000 equity fundraising as it looks to take advantage of new Open Banking rules.

The European fintech marketplace, which operates in the UK and Estonia, … Read More

Dramatic rise in late payments to UK businesses

January 15, 2018 |

ALMOST three quarters (73 per cent) of invoices sent by UK businesses to EU firms were paid late in 2017, research shows.

The figure represents a huge increase from the 40.4 per cent of invoices that were paid late the … Read More

Brexit woes could slow invoice finance growth

January 3, 2018 |

THERE IS a correlation between the growth of invoice finance and the UK economy, raising concerns about how Brexit will impact the sector, new analysis from Equiniti has warned.

The specialist outsourcer, which delivers technology-enabled solutions to FTSE 100 companies, … Read More

MarketInvoice: 62pc of SME invoices were paid late last year

December 21, 2017 |

A WHOPPING 62 per cent of invoices issued by small- and medium-sized enterprises (SMEs) in the UK last year were paid late, MarketInvoice research can reveal.

This equates to £21.1bn outstanding in late payments in 2017, according to the peer-to-peer … Read More

Late payments in construction sector hit five-year high

November 27, 2017 |

LATE payments to construction companies hit a five-year high in 2016, new research claims.

Business finance aggregator Funding Options analysed 13,213 UK construction businesses and found they face an average wait of 69 days for bills to be paid, up … Read More

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