# MarketInvoice to double lending to £2bn in 2017 Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-02-10 Category: FINANCE Category URL: https://financedigest.com/category/finance Meta Title: MarketInvoice Pro Launch: Boosting UK Business Funding Meta Description: Expand your business reach with MarketInvoice Pro, offering permanent funding solutions. Get finance easier and faster with innovative technology. Tags: featured Tag URLs: featured (https://financedigest.com/tag/featured) URL: https://financedigest.com/marketinvoice-to-double-lending-to-2bn-in-2017html ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/businessman-hand-shows-pixe-1736844197439-compressed.jpg) - MarketInvoice lent over £2,000 per minute to UK business in 2016 - Launch of confidential invoice discounting service, _MarketInvoice Pro_, targets companies with permanent funding need, and expands reach and size of funding available - Brexit presents growth opportunities for UK business MarketInvoice, the world’s largest peer-to-peer online invoice finance platform, has today launched [_MarketInvoice Pro_](https://www.marketinvoice.com/pro) – an innovative confidential invoice discounting service – using technology to provide finance easier and faster for businesses that have a regular funding need. Having funded invoices over £1.1bn (to date, since 2011) with an invoice-by-invoice finance product, MarketInvoice is aiming to double its lending in 2017 with the launch of MarketInvoice Pro which offers businesses an open funding line against their outstanding invoices. The ambitious [growth target is underlined by significant demand](https://www.financedigest.com/cable-cars-and-ropeways-market-report-size-growth-demand-scope-opportunities-and-forecast-2016-2026-fmi.html "Cable Cars and Ropeways Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2016-2026: FMI") from existing users1, interest from investors seeking to increase their deployment on the platform and a recent £7.2m investment into MarketInvoice by MCI Capital and Northzone Partners. MarketInvoice has a customer retention rate2 of 81% (mapped over a 5-year period since set-up) and lending has increased 4-fold over the last twelve months, providing (on average) £2,196 every minute to UK businesses. Investor [appetite has also grown significantly over the past two years; the number of sophisticated investors active on the platform has increased by 25%, with institutions increasing by 42% and high net worth investors are up by 235%](https://www.financedigest.com/u-s-dollar-climbs-to-two-year-peak-as-risk-appetite-tumbles-yuan-drops.html "U.S. dollar climbs to two-year peak as risk appetite tumbles; yuan drops"). MarketInvoice’s main strategic ambition is to broaden its [reach offering to be able to support a wider range of businesses](https://www.financedigest.com/how-to-expand-business-reach-with-event-driven-apis.html "How to expand business reach with event driven APIs"), from start-ups to businesses looking to scale-up. Ensuring that even more companies can get paid faster by [financing their invoices allowing business](https://www.financedigest.com/is-it-risky-to-use-bridging-finance-for-my-business.html "Is it risky to use bridging finance for my business?") owners to save time and focus on what’s most important – running their business. **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](https://www.financedigest.com/bagasse-tableware-products-market-will-top-us-3-75-bn-by-2031-as-consumers-proclivity-for-eco-friendly-and-single-use-product-purchase-grows.html "Bagasse Tableware Products Market will top US$ 3.75 Bn by 2031 as Consumers’ Proclivity for Eco-Friendly and Single-Use Product Purchase Grows"). MarketInvoice Pro is a [natural evolution of our business and brings a fresh and innovative](https://www.financedigest.com/exponentially-innovative-slingshot-to-define-the-natural-food-preservatives-market.html "Exponentially Innovative Slingshot To Define The Natural Food Preservatives Market") approach to solving the biggest issues for businesses in the UK; available cash-flow. “Our track-record of exceptional customer service with businesses and their reciprocal trust and faith in us, means we are confident of delivering more funding and success for them. The appetite for asset-based [finance](https://www.financedigest.com/the-four-benefits-of-digital-transformation-in-the-finance-industry.html "The Four Benefits of Digital Transformation in the Finance Industry") is roaring and we aim to forge new ground in this £20bn industry” “As Brexit takes shape, we think the coming months present a significant opportunity for MarketInvoice. In every period of turmoil there exists [huge opportunity](https://www.financedigest.com/quad-flat-no-lead-packaging-market-huge-growth-opportunity-between-2017-2027.html "Quad-Flat-No-Lead Packaging Market Huge Growth Opportunity between 2017-2027") – we believe our model will mature through this cycle, and prove we are here to stay.” --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---