SPOTLIGHT ON Y O U N G M A S T E R S
SpotlightOn is the new Entrepreneur Country monthly feature which showcases the work of some of the best start up ideas & entrepreneurs in the UK who are under the age of 30 (which we call the Young Masters Community). Our panel of judges will each week be introducing our community to three of Britain’s most talented and exciting young entrepreneurs.
Tobi Alli-Usman
Tobi has established himself as one of the leading young entrepreneurs to watch in 2012. The self made ‘employed-preneur’
heads up the
Business Development department at Entrepreneur Country whilst running a successful small business.
Jamie Lester
By the age of 24, Jamie had started his own real-state company. He went on to appear in the BAFTA award winning show BBC Two series The Apprentice and is now a successful management consultant and an Ambassador for EC Young Masters.
Anil Stocker and Charles Delingpo Co-Founders and Directors of MarketInvoice
www.marketinvoice.com Twitter: @marketinvoice
What’s the basic vision behind MarketInvoice? Marketinvoice is the UK’s first online trading marketplace allowing businesses to selectively sell the invoices of large business customers to raise flexible working capital. Businesses register on MarketInvoice, and then auction invoices due to be paid in 30, 60, 90 days, receiving cash in advance from global institutional investors who compete to provide funding at the lowest cost.
Cash funding for SMEs is provided through competitive auction from a wide range of institutional buyers (investment funds, asset managers,
family offices, high net worth individuals). Marketinvoice serves to bring new capital into this market by creating a standardised and secure trading environment. It encourages those SMEs to selectively use the competitive marketplace at times when short-term funding is desired or required.
What has been the biggest obstacle you have faced in starting up your business? Marketinvoice is not a straight-forward service. It is a reasonably complex platform that at the same time has very tangible benefits for a broad cross section of SMEs. The key challenge is communicating our new revolutionary message to a broad number of decision makers within SMEs and growing the volume on the platform. And we have to make sure we can do this in a cost-effective way!
Where do you see yourself in the next 3 years?
Currently we have 50 companies who have signed up to Marketinvoice and monthly invoice volumes through the system are in the region of £500,000. We’d like to scale at a reasonable rate with monthly volume of £1m – £2m.
52 entrepreneurcountry Julie Meyer
Julie Meyer is one of Europes leading champions of
entrepreneurs. With
over 20 years investment and advisory experience helping start-up businesses, she is the well-known founder & CEO of Ariadne Capital and a dragon on BBC’s Online Dragons Den.
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