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MarketFinance to offer up to GBP 1 mln in business loans

Wednesday 20 November 2019 13:51 CET | News

MarketFinance has entered the business loan market and plans to lend up to GBP 1 million apiece to businesses to businesses over the coming months, according to GrowthBusiness.

 

Formerly known as MarketInvoice, the invoice finance provider now offers up to GBP 250,000 in business loans – rising to GBP 500,000 over coming months and then GBP 1 million. 

This is in addition to offering up to GBP 1 million invoice financing – forward funding against receivables – while larger businesses can access up to GBP 5 million in structured facilities combining invoice financing with a loan. 

The company, whose backers include Barclays, Santander InnoVentures, European venture capital fund Northzone, private equity group MCI Capital, raised GBP 30 million in Series B funding back in January 2019.



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Keywords: MarketFinance, business loans, invoice finance
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: United Kingdom
This article is part of category

Banking & Fintech