Top Stories
Published by Gbaf News
Posted on August 3, 2017
Global Banking and Finance Review
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Gbaf News
Posted on August 3, 2017
MarketInvoice, the business finance company, observed a record trading day on Monday 1st August with £4.1m advanced to UK businesses against their invoices.
They average amount advanced (in 2017) is typically £3.2m per day and this is the first time, more than £4m was advanced in a day. On the same day in 2016 (1st August), the amount advanced was £3.1m.
MarketInvoice Pro, the confidential invoice discounting facility, launched in February 2017, has in large part, driven the growth. The facility, which offers businesses an open funding line against their outstanding invoices, was the first new service launch by MarketInvoice since it was established in 2011.
Anil Stocker, CEO and co-founder of MarketInvoice commented: “This is an historic day for the business. We are pleased to be supporting businesses and confident that we can provide funding to them. Invoice finance is alive and well. Current trends (ABFA) indicate that invoice finance is challenging overdrafts and loans as a means of filling the working capital void faced by many businesses across the UK.”
“Our research shows that more than a third (38%) of businesses anticipate a cash squeeze in the next 6 months which could mean cut backs on expansion (34%), innovation (33%) and marketing spend (20%) as reported by business leaders.”
MarketInvoice, the business finance company, observed a record trading day on Monday 1st August with £4.1m advanced to UK businesses against their invoices.
They average amount advanced (in 2017) is typically £3.2m per day and this is the first time, more than £4m was advanced in a day. On the same day in 2016 (1st August), the amount advanced was £3.1m.
MarketInvoice Pro, the confidential invoice discounting facility, launched in February 2017, has in large part, driven the growth. The facility, which offers businesses an open funding line against their outstanding invoices, was the first new service launch by MarketInvoice since it was established in 2011.
Anil Stocker, CEO and co-founder of MarketInvoice commented: “This is an historic day for the business. We are pleased to be supporting businesses and confident that we can provide funding to them. Invoice finance is alive and well. Current trends (ABFA) indicate that invoice finance is challenging overdrafts and loans as a means of filling the working capital void faced by many businesses across the UK.”
“Our research shows that more than a third (38%) of businesses anticipate a cash squeeze in the next 6 months which could mean cut backs on expansion (34%), innovation (33%) and marketing spend (20%) as reported by business leaders.”