Business Finance Platform MarketInvoice raises $33.5M

by megan jones in funding on 24th January 2019

MarketInvoice is founded in the year 2010 with its headquarters located in London by Ilya Kondrashov, Anil Stocker, and Charles Delingpole. It is a Business Finance Intermediary which helps the entrepreneurs to build a world in which everyone wants to live in. It provides funding to the entrepreneurs in easy and quick methods through Business loans and Invoice Finance. With the funding provided by MarketInvoice, Entrepreneurs have stopped worrying about the cash flow and only focus on growing their business. With its smart Online Platform, MarketInvoice has become very famous as a Fintech containing a team of talented, motivated, and right people from different parts of the world.

Funding

Recently, in the Series B funding round, MarketInvoice has raised $33.5M. Barclays PLC and Standard Innoventures are the lead investors besides participation from other investors like Northzone, Viola credit. These funds will be utilized for the better penetration of MarketInvoice in the UK market and also for Cross-Border, Fintech bank partnerships.

Funding Solutions of MarketInvoice

1. Confidential Invoice Discounting

This Invoice is secured against all the outstanding Invoices.  It provides a Ledger Invoice discounting facility to the entrepreneurs. It is recommended for businesses which carry cash flow. The contract for this Invoice is 12 months. The advantages of using this Invoice are Fast-funding, Straightforward costs, Easy-to-use, and best personal service availability. Confidential Invoice Discounting works in 4 simple steps like Application and indicative quote, Due diligence and funding decision, Account setup, and Withdraw. To avail this, the entrepreneur has to pay a subscription fee and discount fee. It does not have any other hidden or surprise fees. The eligibility to use MarketInvoice confidential invoice discounting is the entrepreneur must have a limited company or LLP located in Ireland or UK.

2. Selective Invoice Discounting

The advantage of using this Invoice is that the customer can get a choice over the invoice to fund without committing to the entire sales ledger. It is recommended for businesses which carry occasional or seasonal cash flow. The advantages of using this Invoice are Easy-to-use, Quick Response, Straightforward costs, and best personal service availability. Selective invoice discounting works in 5 simple steps like Apply in minutes, Add a customer, Upload your invoice, Verify invoice, and get funding. To avail this, the entrepreneur must opt for any of the two options provided by MarketInvoice like Contract option or Pay-As-You-Go option. It does not have any other hidden or surprise fees.

3. Contract Finance

With Contract finance, the entrepreneur is eligible to get an Upfront Advance against the future Recurring Revenue. It is the best way for solving the cash flow needs for the businesses which are paid on Ongoing Contract terms and Subscription system. The advantages of using this Invoice are Easy-to-use, Fast funding, Upfront Advantage, and best personal service availability. Contract finance works in 4 simple steps like Quick online application, Upload your contracts, Verify your contracts, and receive funds in 24 hours. To avail this, the entrepreneur has to pay a Service fee and discount fee. It does not have any other hidden or surprise fees.

Conclusion

MarketInvoice is all about getting things done with immediate action rather than a prolonged talk. It’s all about thinking out of the box and to do things differently with innovative style and boldness. MarketInvoice innovative ways are the reason for which it includes institutional investors, government authorities, and High net worth Individuals. One of the most famous banks like British Business bank is also a customer of MarketInvoice. Being a member of the Peer-to-Peer finance association, MarketInvoice has funded ample amount to more than 1,200 Businesses in the UK.

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