The new offering enables private and institutional investors, as well as banks, to fund invoices, thus releasing capital for small- and medium-sized enterprises (SMEs).
Businesses can submit their invoices through the MatchPlace IF platform for verification and receive up to 85% of their face value from registered investors.
The company also offers a foreign exchange service for SMEs called MatchPlace FX.
MatchPlace said it will use artificial intelligence and machine learning systems to provide borrowers with better financing rates and security.
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