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Peer2Peer Finance News | August 22, 2017

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invoice finance

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

MarketInvoice seals £45m annual funding from Banco BNI

May 15, 2017 |

MARKETINVOICE has clinched a long-term funding deal with Portuguese online bank Banco BNI Europa, as it looks to capitalise on a surge of interest from global institutions.

The Iberian lender has committed to inject £45m into the UK peer-to-peer invoice … Read More

MarketInvoice joins new UK Fintech Financial Crime Exchange

May 4, 2017 |

MARKETINVOICE has thrown its weight behind a new anti-financial crime initiative, signing up to the UK Fintech Financial Crime Exchange (FFE).

The project, launched on Thursday by security think-tank RUSI and financial crime risk management consultancy FINTRAIL, aims to bring together … Read More

MarketInvoice bolsters sales team to meet 2017 lending target

May 2, 2017 |

MARKETINVOICE has hired former Deutsche Bank trader Neha Mittal as its vice president (VP) of finance and strategy and promoted Gavin Sumner to VP of sales.

The peer-to-peer invoice finance provider said on Tuesday that the two appointments would help … Read More

Invoice finance has soared by £8bn since credit crunch

May 2, 2017 |

UK AND Irish businesses have turned to alternative sources of funding in the decade since the credit crunch, with invoice finance rising by more than £8bn, says new research.

There was a record high of £22.2bn of asset-based finance advanced … Read More

SMEs strained by late council payments

April 24, 2017 |

SMALL- and medium-sized enterprises (SMEs) across the UK are suffering from credit constraints because of local councils’ long repayment timeframes, claims new research.

The country’s slowest-paying local councils such as Peterborough and Richmond took on average 36 to 38 days to … Read More

MarketInvoice wows distributors with new commission offers

April 20, 2017 |

MARKETINVOICE is launching a new commission structure for accountants, financial advisors and commercial finance brokers, stepping up its distribution efforts to hit the £2bn lending mark by the end of the year.

The peer-to-peer invoice finance platform announced on Thursday … Read More