MarketInvoice on target to hit £2bn lending goal

MarketInvoice, the peer-to-peer lending platform founded by Young Guns Charles Delingpole and Anil Stocker, is on target to hit a £2bn lending goal in 2017.

Since launching in 2011 the company has funded over £1.1bn in invoices and is hoping to double this with the launch of a new confidential discounting service MarketInvoice Pro.

The product will target companies with permanent funding needs, expand the reach of its service to a wider range of businesses and expand the size of funding available.

It has increased its lending four-fold during the least 12 months, while the number of active investors on the platform has grown 25%, institutions have increased by 42% and high net worth investors are up 235% in the last two years.

Anil Stocker, CEO and co-founder of MarketInvoice, commented: “This launch marks a significant milestone for us and signals our intent on shaking-up and challenging the mainstream market.

“Our aim is to build tech-led funding products that are the fastest to set up and easiest to use in the market. MarketInvoice Pro is a natural evolution of our business and brings a fresh and innovative approach to solving the biggest issues for businesses in the UK; available cash-flow.”