MarketFinance will use the financing to provide loans to sole traders and partnerships in the UK. Here are the top-line bullets you need to know.
MarketFinance, a business invoice financing platform, has raised $125M in debt. The financing was provided by Barclays Bank, Deutsche Bank, Mouro Capital, and Northzone Ventures.
HOW’S THE COMPANY PERFORMING?
- UK-based MarketFinance helps growing businesses rapidly finance some or all of their outstanding invoices.
- Founded in 2011, the company has disbursed about $3.4B in financing to date. It achieved profitability in H1’21.
- The startup is supported by a team of 130+ employees and maintains offices in London and Manchester.
Source: MarketFinance
WHY DOES THE MARKET MATTER?
- The global fintech market is expected to reach a value of $324B by 2026, growing at a CAGR of 25.18%, according to Market Data Forecast.
- The fintech market has seen a funding boom in recent years. In 2021, fintech startups raised $132B, accounting for 21% of all venture dollars.
- The global fintech adoption rate stands at 25%, signaling a growth opportunity for providers and first movers.
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