MarketInvoice is offering a new type of selective invoice finance, built for savvy fast-growth businesses who use us to grow even faster.
Our online platform gives clients access to the funds tied up in their outstanding invoices, otherwise tied up for 30 to 120 days.
Businesses can sign up online, sell an invoice and draw down funds on the same day. Membership of the platform is entirely free and businesses only pay as and when they want to fund against an invoice. Unlike traditional factoring there are no commitments, lock-ins or hidden fees.
Our funding allows businesses to accelerate their growth by taking on new projects, hiring more staff and expanding internationally. Businesses often find us more responsive and more suitable than traditional sources of funding, with many companies using us as an alternative to overdrafts or traditional invoice finance.
The funds we advance are crowd-sourced from a network of sophisticated investors. The largest buyer of invoices on the platform is the Government’s ‘British Business Bank’ which uses us to channel approximately £40m a year to UK businesses.
In Manchester, we are working in partnership with the Greater Manchester Combined Authority (GMCA) to fuel growth. The GMCA automatically purchases 50% of each invoice traded by companies based in the Greater Manchester area.