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Peer2Peer Finance News | January 17, 2019

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invoice finance

“Brexit bite” hampers small business use of asset-backed lending

December 20, 2018 |

ASSET-BACKED lending to small businesses has hit a three-year low, research suggests.

Analysis of UK Finance data by business software provider Equiniti found total advances to businesses with a turnover of less than £1m a year reached £1.1bn at the … Read More

Lending Standards Board to extend remit to P2P

June 19, 2018 |

THE LENDING Standards Board (LSB) has revealed plans to extend its Standards of Lending Practice to the peer-to-peer lending and invoice finance sectors next year.

The voluntary standards came into effect in 2017 for loans, credit cards, overdrafts and charge … Read More

More SMEs turning to alternative finance as Brexit approaches

May 30, 2018 |

MORE businesses are now exploring alternative finance options rather than relying on traditional borrowing methods, research claims.

Analysis by commercial finance provider Wesleyan Bank found that rather than small- and medium-sized enterprises (SMEs) relying on overdrafts, savings and credit cards … Read More

A new P2P invoice finance platform has launched

May 9, 2018 |

A NEW peer-to-peer invoice finance platform has launched, offering cash advances of up to 85 per cent of the value of an unpaid bill.

MatchPlace, which calls itself a “financial services platform for small and medium businesses”, launched MatchPlace IF … Read More

Invoice finance continues to grow

April 30, 2018 |

INVOICE finance continues to grow as a means of business lending in the UK, according to analysis of the latest UK Finance figures.

Pure invoice finance reached £18.93bn as of the end of the fourth quarter of 2017, an increase … Read More

Invoice finance: The business lifeline

April 10, 2018 |

IT’S NO secret that cashflow is an issue for many small businesses in the UK, which has led to the growth of a booming invoice finance market. According to trade body UK Finance, invoice finance hit £18.9bn in the third … Read More

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

March 26, 2018 |

MARKETINVOICE has secured more than £100m of fresh funding from two of its institutional investors.

The peer-to-peer business finance lender said on Monday that it has signed agreements with Portuguese bank Banco BNI Europa (BNI) and Germany’s Varengold Bank to … Read More

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