Double trouble: Late payments double from 12 days in 2018 to 23 days in 2019. Late: 39% of invoices paid late in 2019, marginal improvement from 43% in 2018. Value: Average of£34,286 owed in late invoices, businesses waiting on £34b in late payments. Big business: Larger businesses take longer to settle bills. Exporters: German debtors […]
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The MarketFinance team were at Xerocon London a couple of weeks ago, rubbing shoulders with some of the UK’s most tech savvy accountants. Did you get a chance to swing past our stand? We were the ones talking all things cash flow and enjoying a front row view of the cricket on the pop-up village […]
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The amount of working capital that you need varies a lot from one business to the next. It depends on the type of business you’re running and the goals that you have for your future growth. So, if the question is how much capital do you need, there’s really no one-size-fits-all answer. But don’t let […]
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MarketInvoice updates name to MarketFinance as it broadens finance options for UK businesses. MarketFinance is the first fintech to offer multiple lending products in an integrated single view finance facility. New business loans product, up to £250,000 over 3 years, will scale to facilities worth £1m+ over next few years. New MarketFinance Corporate Lending unit […]
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Since 2011, we’ve been building MarketInvoice piece by piece. It’s been a wild and wonderful journey, made possible by the thousands of thriving UK businesses we’ve met along the way. Now, we’re thrilled to be announcing the next exciting step in our journey. As of 12 November 2019, MarketInvoice will become MarketFinance. Why have we […]
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Working capital is a vital part of the day-to-day running of any business. It’s the cash you use to do simple, yet important transactions. Like paying weekly wages or buying raw materials. Even so, many thriving businesses actually find themselves cash poor. Having a working capital deficit can lead to many extra hassles that make […]
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