NatWest and Royal Bank of Scotland Capital Connections helps SMEs access alternative sources of capital after being unable to secure traditional financial backing.
MarketInvoice is the first invoice finance provider to join the Capital Connections panel and last month it reached the milestone of funding £2bn worth of invoices and business loans to UK companies.
Launched in 2011, the company has provided business finance solutions to thousands of businesses across the UK who employ more than 19,000 people.
Anil Stocker, CEO and Co-founder of MarketInvoice commented: “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 £4b 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% year on year and stand at just over £23b. 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 and Royal Bank of Scotland, added: “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 and 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.
* Esme Loans is a wholly owned subsidiary of National Westminster Bank plc
** NatWest Social & Community Capital is a charity run separately from the RBS Group. RBS provides some resources and services to the charity, but receives no financial return for its support or as a result of business from referred customers.
This article is for media use only and is not a financial promotion.
Companies seeking invoice finance solutions should be a Limited company or LLP based in the UK or Ireland. They must have a minimum turnover of £100,000 p.a. or annualised income from current year’s trading
Companies seeking business loans should be a Limited company or LLP company based in the UK. They must have a minimum turnover of £70,000 p.a. and been trading for 6 months or more.
Security may be required. Product fees may apply.