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13th April 2018
MarketInvoice partners with NatWest to fund British businesses
Business finance company MarketInvoice has joined a select group of leading alternative finance firms on NatWest’s Capital Connections panel. Capital Connections helps SMEs to access alternative sources of capital after being unable to secure traditional financial backing.
Anil Stocker, CEO and Co-founder of MarketInvoice, said: “Featuring on this panel will broaden our reach and help even more businesses achieve their goals. Companies across the UK are choosing to diversify funding sources with more than £4bn advanced through alternative finance firms. Furthermore, the invoice finance (and asset-based lending) sector is providing more finance to UK businesses than ever before.
“Funding volumes are up 5 per cent year on year and stand at just over £23bn. This is the highest figure ever. As the first invoice finance provider on the panel, we will be able to showcase how invoice finance can help businesses of all sizes and work with them to find the right solution. Enhancing access to borrowing is essential for jobs and economic growth.”
Alison Rose, CEO of Commercial and Private Banking at NatWest, said: “We’re excited to welcome our first invoice finance provider to Capital Connections. MarketInvoice has serviced a large number and wide variety of businesses. Their robust service, quick and easy to use solutions, provide another distinct choice for the many innovative businesses in the UK.
"As the biggest supporter of British business, we understand that traditional funding routes are not always the best option for fast growing start-ups. Through Capital Connections we’re able to signpost a broad choice of funding options through its impressive range of alternative lenders.”
MarketInvoice is the ninth alternative finance provider to join Capital Connections, alongside Funding Circle, Assetz Capital, Start Up Loans, Seedrs, Together, iwoca, Esme Loans and NatWest Social & Community Capital. Each provider has been selected to cover the range of different funding products and include a mix of specialty finance and peer-to-peer lending.