MarketInvoice, the UK based peer-to-peer business lender, announced that it has facilitated over £500 million in funding for high-growth UK businesses since its launch in 2011. The average loan size is £60k and all invoices listed for sale on MarketInvoice have been funded in full, the vast majority within seconds of being listed.
Peer-to-peer business lender MarketInvoice has secured an additional £5m investment from the government backed British Business Bank. The deal, which lasts until 2018, sees the British Business Bank take its total investment in MarketInvoice’s platform to £10m. The news of the investment comes at the same time as MarketInvoice confirmed that it had provided £500m in funding for high-growth UK businesses since its launch in 2011. Anil Stocker, CEO and co-founder of MarketInvoice, said: “Reaching half a billion pounds of funding for small business is a great achievement for MarketInvoice. “This is just the beginning though; we know that financial services is changing and that businesses like ours are driving that change.