On one day in July, this London firm channelled £4.1m to UK SMEs, which use its platform to borrow cash against unpaid invoices. MarketInvoice’s partners include the British Business Bank and Banco BNI Europa. It says these partnerships have helped it facilitate over £1.4bn in cash advances since 2011; and it now lends on average £15,000 a minute. MarketInvoice is run by founders Anil Stocker, 33, and Ilya Kondrashov, 32; Zopa’s founder, Giles Andrews, joined as chairman in March. It has raised a total of £15m from venture capital and angel investors, and it expects to have facilitated cash advances totalling £2bn by the end of 2017. MarketInvoice takes a small commission on the value of each invoice, and sales of £4.4m in 2016 are set to grow to £6m this year.

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Company details
Year2017
CompanyMarketInvoice
ActivityInvoice financing platform
LocationEast London
Latest sales £000s4,400
Forecast sales £000s6,000
Staff75
Founded2011
Websitewww.marketinvoice.com

If applicable:

* Sales and forecast sales provided by the companies