MarketInvoice secures GBP 135 mln from two European banks

Monday 26 March 2018 13:57 CET | News

Business finance company MarketInvoice has announced new agreements with two European banks, boosting its platform by GBP 135 million.

The UK-based company struck a deal with Portuguese bank Banco BNI Europa (BNI) to add GBP 90 million to its platform, and another with German bank Varengold Bank, worth GBP 45 million.

MarketInvoice’s platform enables businesses to secure loans and invoice finance. The company’s working capital solutions are funded by a variety of sources, including institutional investors like the British Business Bank, local authorities and high net worth individuals.

Banco BNI Europa initially invested GBP 28.3 million in 2016, following it up with GBP 45 million in May 2017 and a further GBP 90 million this month.

Prior to the new investment, Varengold Bank added GBP 45 million in September 2017.

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Keywords: MarketInvoice, invoice, UK, Banco BNI Europa, Varengold Bank
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: World
This article is part of category

Banking & Fintech