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MarketInvoice welcomes BIS taskforce to boost finance options for businesses

MarketInvoice welcomes BIS taskforce to boost finance options for businesses

Anil Stocker, Co-founder & Director of MarketInvoice comments on yesterday’s announced “Taskforce to boost finance options for businesses”:

“We welcome the announcement by the Department for Business, Innovation, and Skills (BIS) to examine how best to make the UK business funding market more competitive and dynamic. We believe that alternative sources of business finance will flourish over the next 5 – 10 years as the banking sector undergoes structural reform.

“Moreover, the biggest barrier for faster adoption of emerging financing alternatives is simply awareness. New financing platforms lack the branch infrastructure to distribute their products and many owners and managers of small & medium sized businesses (SMEs) have not even discovered that alternatives and complements to traditional bank funding do exist.  

“We hope the Government’s timely efforts to promote awareness in alternatives will help more business owners realise their corporate ambitions.

“Here at MarketInvoice, we are approached every day by fast growing SMEs that are searching for a better financing solution than the traditional bank products. Often not able to secure a big enough overdraft, these companies do not wish to enter into long-term factoring contracts and are interested in how our online platform can offer a flexible on-demand invoice finance model, which they can use when they most need it.

“MarketInvoice presents a solution to SME funding problems, by offering businesses the opportunity to auction their invoices due from large corporate debtors to a network of investors in real time and without any hidden fees. SMEs can obtain up to 90% of their invoices upfront from investors who compete between them to provide SMEs with the lowest cost of finance.

“Our customers tend to be service or wholesale companies with revenues between &pound500,000 and &pound25,000,000 and include both startups and well-established businesses. Having launched in February 2011, MarketInvoice has helped over 50 businesses and has channelled nearly &pound3 million to a wide range of British SMEs. (”


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