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Europe Fintech News Roundup

·Mar. 26, 2020

Two-Thirds of UK SMEs Believe They Will Run out of Cash Before Government Help Comes

A new survey by invoice finance fintech MarketInvoice finds 67 percent of UK SMEs said they will run out of...

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Europe Fintech News Roundup

·Jan. 4, 2019

Global Fintechs Building a Presence in China

The Chinese fintech market has primarily been dominated by local giants but global firms have started to build a presence...

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Europe Fintech News Roundup

·Sep. 25, 2017

MarketInvoice Lands Another £45m Bank Deal

MarketInvoice inked another bank deal with Varengold Bank AG for £45mn ($60mn) in debt funding; according to AltFi MarketInvoice's capacity to take on institutional money has increased four fold since 2014; MarketInvoice have funded over 70,000 invoices and lent out over £1.5bn ($2bn). Source.

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Europe News Roundup Online Lending

·Aug. 17, 2017

MarketInvoice Partners with Veritas

Veritas is a specialist in commercial credit management services; through the partnership, MarketInvoice will be available to customers using the firm's VeritasVirtual platform; clients use this platform to monitor the status of outstanding payments and will now be able to obtain access to the MarketInvoice Pro credit line through the VeritasVirtual platform. Source

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Europe News Roundup Online Lending

·Aug. 3, 2017

MarketInvoice Reports Record Trading Day

UK invoice financing platform MarketInvoice reported a record day of transactions this week; the platform transacted GBP4.1 million ($5.38 million) in invoice advances to UK businesses; the firm's MarketInvoice Pro product has been a factor supporting increased lending volumes on the platform with the new product offering an open funding line for businesses. Source

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Europe Fintech News Roundup

·Jan. 21, 2019

MarketInvoice Raises $72mn in Fresh Capital

UK based invoice financing fintech MarketInvoice has raised a fresh $72mn in capital, $33mn in equity and a $39mn debt...

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Europe Fintech News Roundup

·Mar. 19, 2018

MarketInvoice Surpasses £2bn in Lending

The company passed £1bn in 2016 after 5 years and booked another £1bn in just 14 months; part of their success in increasing originations has been due to two new products, confidential invoice discounting and business loans; their larger institutional investor base has also allowed them to fund larger businesses with bigger funding requirements; in 2017 the firm lent £714.2m to businesses. Source

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Europe Fintech News Roundup

·Sep. 19, 2017

MarketInvoice Signs £45m Debt Funding Deal

AltFi reports on the new deal where Varengold Bank AG will provide £45m annually to the platform; Varengold is a German private bank which was granted a commercial banking license in 2013; MarketInvoice recently signed a similar partnership with Banco BNI Europa earlier this year. Source

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Europe News Roundup Online Lending

·Aug. 9, 2017

Analysis of MarketInvoice’s Loan Book

In a LinkedIn post, Sukhwinder Shoker provides insight into MarketInvoice's loan book which the company shares publicly; analysis includes data on originations and advance rates, invoice terms, risk-price grade, gross discount rates, diversification and net returns; according to Shoker's analysis, the average monthly net return achieved since January 2012 by investors before fees and tax is 50 basis points. Source

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Europe News Roundup Online Lending

·Apr. 10, 2017

MarketInvoice Reports Originations of 130mn British Pounds in Q1 2017

The UK's MarketInvoice has reported record originations of 130 million British pounds ($161 million) for the first quarter of 2017; originations increased by 160% from the comparable quarter giving the firm cumulative originations of 1.2 billion British pounds ($1.5 billion); origination growth for the firm has been helped by a new product called MarketInvoice Pro which provides businesses an open funding line for their invoice borrowing. Source

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