Market Invoice Closes £6M Series A Round for their Invoice Auction Platform

UK based Market Invoice has announced the closing of a $6 million funding round led by Northzone Venture Capital and Paul Forster. The funding will go towards expanding their workforce and helping them grow their invoice payment solution.

Providing advanced Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term for invoice receipts, Market Invoice operates a lending marketplace for investors and companies. With invoices in hand from their customers, companies can list their proof of sales on Market Invoice, where investors bid to provide loans based on the underlying invoice. Announcing the funding through the Sunday Times, £500 million in loans have been transacted through their platform since 2011, with £190 million processed in 2014.

Market Invoice’s growth is part of an overall strong trend of update of alternative finance platforms in the UK. Led by Zopa and RateSetter, P2P lending is quickly becoming a solution for many small and medium size business (SMB) owners to source new loans. In addition, a wide array of equity Crowdfunding Crowdfunding Crowdfunding is defined as funding of a project via raising smaller denominations of money across a large body of number of people.New businesses that need access to more capital may also conduct crowdfunding. Generally, crowdfunding is performed through an online community, social media, or crowdfunding websites such as Kickstarter, GoFundMe, and RocketHub. Depending upon which jurisdiction an investor resides within will dictate the sort of restrictions that are applied to the crowdfunding pro Crowdfunding is defined as funding of a project via raising smaller denominations of money across a large body of number of people.New businesses that need access to more capital may also conduct crowdfunding. Generally, crowdfunding is performed through an online community, social media, or crowdfunding websites such as Kickstarter, GoFundMe, and RocketHub. Depending upon which jurisdiction an investor resides within will dictate the sort of restrictions that are applied to the crowdfunding pro Read this Term platforms such as Seedrs and SyndicateRoom is providing investors with alternatives to stocks while offering a funding solution for startups.

In this regard, Market Invoice is also successfully gaining traction as an alternative to banks, of which business use their platform to secure short term loans. As part of the operating model, Market Invoice has been able to partner with service firms that support SMBs such as KPMG and Sage of the UK.