MarketInvoice records successful month
MarketInvoice has registered a record month of invoice finance funding since launching in 2011.
June was the company’s busiest month funding invoices worth £64.2m, with the total number of invoices funded up 57.2% from £103m in Q2 2016 to £161.9m in Q2 2017.
MarketInvoice Pro, the confidential invoice facility, is being held responsible in large part for driving this growth since its launch in February.
Anil Stocker, chief executive and co-founder of MarketInvoice, said: “This is a positive achievement for the business.
“MarketInvoice now represents the easiest way for businesses to access invoice finance whether it is to fund single invoices or set up an invoice finance facility.”
The current cumulative value of invoices funded stands at £1.34bn.
Stocker added: “We’re looking forward to breaking more records in the coming months.”