MarketInvoice is a P2P (peer to peer) business lender. It is debt funding for businesses, who sell outstanding invoices to investors at a reduced rate to raise working capital. As an investor you make money when the invoice is paid.
Key facts and figures
Minimum investment: £50 000
Minimum term: Subject to terms of invoice purchase.
Requirements to invest: Must meet MarketInvoice criteria (high net worth individuals, sophisticated investors or institutional investors) and pass their checks.
Cumulative volume lent: £538,283,342
Type of borrowers: Business
Money lent in last 12 months: £285,225,118
P2P market share % over last 3 months according to Liberum AltFi Volume Index UK: 11.58%
Returns (according to MarketInvoice 6 May 2015)
Getting money on the platform
MarketInvoice does not take any deposits directly. Investor funds are placed in segregated client accounts held at Barclays Bank. Each Investor holds a dedicated client account.
Do investors get a choice in who or what they invest in?
Yes, once on the platform there is no requirement to deploy funds into any given auction and investors can take fractions of invoices as small as 1%.
Investing your money
Monitoring your account
Once invoices are successfully bought, investors can monitor their progress from the online account. They can also see how much of their money is invested, and how much has not been deployed.
Understanding the risks
Since MarketInvoice commenced operations they have maintained an average principal loss rate of less than 0.10% in completed collection cases and in most cases recovered all the discount fees.
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.