A digital invoice finance platform in the U.K. will provide business loans to its customers for the first time, it was announced Wednesday
London-based fintech business lender Marketinvoice has today closed a £56m round made up of equity and debt funding, led by Barclays and Santander's venture arm Innoventures.
Barclays and Santander have taken stakes in British fintech group MarketInvoice in a sign of established lenders’ growing willingness to team up with technology-driven challengers.
The Series-B funding round was led by Barclays and Fintech fund, Santander InnoVentures with significant participation from European venture fund Northzone.
A quarter of SMEs say supplier prices have doubled in the last 6 months. The majority are absorbing the costs while a fifth are passing them on to customers.
Uber transformed the taxi industry forever. The same digital change is now coming for business e-commerce.
New Kriya research finds that UK B2B firms with e-commerce operations do not plan to offer ‘buy now, pay later’ terms to their customers for another 3 years, despite 92% knowing what Embedded Finance is, and how it helps accelerate their revenues with more sales and 5x higher order values.
Sole traders make up 56% of the UK’s private sector business population, yet they’re a chronically underserved group when it comes to financing options.