Barclays and Santander have led £56 million investment into MarketInvoice

MarketInvoice, an online invoice financing platform, has successfully raised £26 million in a Series B funding round led by Barclays and Santander InnoVentures. Other investors include Northzone and Israeli technology credit fund Viola Credit, which will also provide MarketInvoice a debt facility of up to £30 million.

Since 2011 the London-based tech firm has funded invoices and business loans to UK companies worth more than £2 billion, making it Europe’s largest online invoice finance platform.

MarketInvoice's co-founder and CEO Anil Stocker has said the new capital will be used to boost its business in the UK, through investing in technology and data, increasing the size of the team and forging more partnerships with banks.

To read more, click here