• 04 Jul

    MarketInvoice Funds £20m Of Invoices Via Online Auction

    MarketInvoice, the online invoice finance marketplace, has announced that it has auctioned over £20m of invoices since it started trading in February 2011, with over 100 businesses signed up to use the online platform to auction their sales invoices to investors.

    This type of funding can be attractive to customers that want to access funding against a particular block of invoices and want to choose which invoices to submit for funding. This method can also yield attractive funding rates as it works on an "auction" style basis, similar to Ebay.

    If you would like to discuss using an online invoice finance auction system, such as that offered by MarketInvoice, please contact us and we can put you in touch (at no extra cost to you).

    Source: marketwatch.com/story/marketinvoice-advances-20-million-worth-of-invoices-to-small-businesses-through-its-online-platform-2012-07-03

    By Glenn Blackman

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