Barclays and Santander invest in UK fintech’s £56m fundraise

Fintech business lender MarketInvoice announced it’s raised a total of £56 million ($72mn) in equity and debt funding.

New equity raised stood at £26 million ($33.5mn) in a Series-B funding round led by Barclays and Santander InnoVentures, with significant participation from European venture fund Northzone, an existing investor in the company.

Technology credit fund Viola Credit, which also participated in the equity round, will provide a debt facility of up to £30 million to help scale the MarketInvoice business loans solution, that sits alongside their core invoice finance solutions.

The UK fintech funds invoices and business loans to UK companies worth more than £2 billion. Anil Stocker, co-founder & CEO of MarketInvoice said in a statement that the new funding will be used to invest in further risk automation and data models, scale-up the business loans solution, and grow its teams.

Read the full release

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