invoice finance Back to contents


Anil Stocker, founder, MarketInvoice


MarketInvoice allows fast-growing small businesses to overcome the long payment terms insisted upon by large customers. Anyone with a big client will be familiar with this – waiting up to 90 days before you have access to


the fee you have earned. Long waits can mean difficulty in growing quickly, seasonal cash flow problems and difficulty paying suppliers. As a small business owner myself, I know what a nightmare that can be. The way it works is you register with us on the


MarketInvoice website, and then auction your invoices due. Big institutional investors – hedge funds, family offices, high net worth individuals – then compete online to provide funding at the lowest cost. I'm often asked what the difference between


us and a traditional factoring provider is. While our model bears a resemblance to traditional factoring, we have no long waits, no monthly fees, no collateral, no lock in, no onerous terms


21


Tips on raising invoice finance


– and our advance and discount rates are much better too. We typically see advance rates of 90 per cent, discount rates of between 1 per cent and 2 per cent, and rates improve as sellers upload more invoices and buyers become familiar with their businesses. We've had a 100 per cent success rate of auctions closing. n


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23