Anil Stocker of MarketInvoice
The fintech firm has reached a new milestone having advanced £2bn worth of invoice finance and business loans to UK companies since launching.
Founded in 2011, MarketInvoice has provided business finance solutions to thousands of businesses across the UK since launching, who combined, employ more than 19,000 people.
The first £1bn was achieved after five years of trading and the second £1bn took just 14 months to reach.
During this brief time, two new products were launched (confidential invoice discounting and business loans).
These new services helped MarketInvoice provide funding worth £714.2m to business in 2017 up from £410.4m in 2016 (up 74%).
Last year, MarketInvoice started supporting businesses which required larger funding levels and also launched a business loans solution targeted at smaller businesses.
Anil Stocker, CEO and co-founder of MarketInvoice, said: “2017 was a productive year for MarketInvoice and we look forward to the next billion landmark before the end of the year.
“Reaching the £2bn milestone is testament to the trust businesses place in our solutions and the customer service we have built our brand on.
“We are now servicing larger business with bigger funding requirements. Our growing institutional investor base on the platform has enabled us to support a broader pool of businesses.”