MarketInvoice, the online funding platform matching investors and SMEs seeking working capital, has announced the appointment of Graham Platts to its Board of Directors.
The 53 year old joins the award-winning business having spent over 30 years at the cutting-edge of online credit scoring and risk assessment, including time as CEO of global credit scoring giant Experian-Scorex between 2003 and 2006 and prior to that as Managing Director of Scorex.
MarketInvoice’s proprietary technology platform enables SMEs to sell off their long-dated invoices to a pool of investors, selectively and with none of the service charges, lock-in periods or personal guarantees required by traditional invoice finance providers.
MarketInvoice Co-founder Anil Stocker said, “How efficiently we assess our customers and how well we manage risk is fundamental to the success of our business and Graham’s considerable expertise in these areas will be a huge addition to MarketInvoice.
“Graham is one of the world’s pre-eminent experts in credit scoring and risk assessment and his knowledge will unquestionably contribute towards ensuring that MarketInvoice continues to be a trusted, secure and seamless service for both investors and SMEs.”
In a little over two years, MarketInvoice has channelled more than £80m to SMEs via thousands of transactions on its platform. Since August, the UK Government has been buying invoices through MarketInvoice and will invest £40m through the platform over the course of a year, after the company was included in Vince Cable’s ‘Business Finance Partnership’.
“They are an ambitious team that are focused on providing the UK’s vital SME community with an alternative and innovative method of funding growth.
"I’m confident that my experience and expertise can be of value to MarketInvoice as they head into a future that is filled with opportunity.”