Young Gun-founded MarketInvoice hits £200m invoice-funding “milestone”

Invoice marketplace MarketInvoice, founded by Ilya Kondrashov and 2013 Young Guns Anil Stocker and Charles Delingpole, has revealed that it has helped businesses raise over £200m against their invoices.

The “milestone” figure comes as the alternative finance start-up reveals it has increased its year-on-year trading by 465%, with £100m already facilitated in 2014 compared to £3m in its first year.

Launched in 2011, “eBay of invoices” MarketInvoice is an online platform which enables businesses with turnover of £100,000 to £100m to selectively sell their unpaid invoices to a pool of global investors.

Since launch the company has scaled rapidly and has even attracted the attention of government which began investing in small business invoices on the site in August 2013 to the tune of £40m per annum, as part of the Business Finance Partnership.

MarketInvoice co-founder and CEO, Stocker, commented on the achievement:

“The businesses we’re helping are some of the most exciting in the UK – young, dynamic, successful companies eager to explore opportunities for growth and not willing to wait weeks on end for the bank manager to catch up with them. 

“Our investors have put £200m straight into the real economy through these companies and we plan to help thousands more businesses in the near future. 

“Alternative finance is here to stay, the banking crisis has only accelerated an inevitable trend. By dis-intermediating financial services we can help businesses get fast, transparent and flexible funding.”