Fintech lender MarketInvoice gets a boost as Portuguese bank puts £45 million on its platform
|05/15/2017||Posted by BusinessMediaguide.Com under General World News||
LONDON — Portuguese bank BNI Europa has agreed to lend £45 million ($57.87 million) over MarketInvoice, a UK peer-to-peer lender for small businesses.
MarketInvoice announced on Monday that BNI had committed the capital following a trial last year with £28.3 million.
MarketInvoice’s online platform allows small businesses to access invoice financing, which is where companies use unpaid invoices as security for borrowing against. Lending is funded by high-net worths and institutional investors who are registered with MarketInvoice.
Pedro Coelho, BNI Europa’s executive chairman, says in a release announcing the deal: “We are proactively working with fintech businesses globally that prescribe to our vision read more >>>