Europe’s foremost invoice finance platform has now passed the £150m mark in invoices traded.
MarketInvoice has funded over £50m in the first quarter of 2014 alone. For some context, the platform was founded in 2011 and funded £3m in its first year, £30m in its second year and £66m in 2013. That’s astronomical growth.
Co-Founder Anil Stocker commented on the milestone:
“It wasn’t so long ago that we were toasting our first invoice worth £6,000, issued to the Post Office."
"Now, in just a short space of time, we’ve put £150 million straight into the real economy; funding businesses that are hiring, growing, exporting and forging ahead with new products and services across a wide range of sectors.”
MarketInvoice have supplied a few customer quotes – which serve as a testament to the efficiency of the service:
“We are very pleased with MarketInvoice – it always goes smoothly. It was a match made in heaven – MarketInvoice was responsive when banks were not.”
– Jennifer Bentley, Finance Director, 3DD
“I have to say I love MarketInvoice. It’s easy, fast, affordable, flexible and releases working capital in hours. It’s been the best support we needed at this inflection point of growth in the business.”
– Charlotte Knight, Founder, G’Nosh