Zopa founder Giles Andrews OBE joins MarketInvoice as chairman

MarketInvoice, the Startups 100-featured peer-to-peer invoice finance platform, has announced the appointment of Giles Andrews OBE as chairman of the board of directors.

Andrews founded Startups 100-listed Zopa, thought to be the world’s first peer-to-peer lending platform, in 2004 and currently also acts as chairman of Bethnal Green Ventures – an accelerator for social or environmental technology start-ups.

As well managing the board, Andrews will work alongside MarketInvoice co-founders Anil Stocker and Ilya Kondrashov to drive scale as the company looks to broaden its reach by offering a wider range of lending products to a broader set of firms.

MarketInvoice has funded over £1.1bn against invoices since launch in 2011 and is on target to hit £2bn in 2017.

Andrews commented: “MarketInvoice is transforming the landscape of the business finance industry. I have long been fascinated by their game-changing and innovative attitude. I look forward to working with the team in channelling their drive and ambition.”

Stocker added: “In preparing the business for the next phase of growth, we are delighted to welcome Andrews as chairman of the board.

“His expertise in building businesses and extensive experience of the peer-to-peer lending sector will provide just the perspective and guidance MarketInvoice requires to scale new heights.”