9 years ago

MarketInvoice Raises £7.2 Million to Fuel Invoice Finance Growth

  • MarketInvoice, a UK-based invoice finance platform, has raised £7.2 million in a new funding round led by MCI Capital

  • The funding will be used to consolidate MarketInvoice's position as the leader in invoice financing in the UK, and for product development

  • The round also saw participation from existing backer Northzone, bringing total investment in MarketInvoice to just over £18 million.

      • ProblemFinancial Services

      "Small and medium-sized businesses (SMEs) often struggle to access funding from traditional banks, especially when they are owed money by their clients. This lack of liquidity can hinder growth and innovation."

      Solution

      "MarketInvoice provides a platform where businesses can sell their outstanding invoices to institutional investors and high-net-worth individuals. This allows businesses to access funds immediately, improving their cash flow and enabling them to grow and invest."

      Covered on