MarketFinance aims to lend £500m in 2020
Christopher Findlow

MarketFinance aims to lend £500m in 2020

MarketFinance has set out plans to lend £500m to UK SMEs in 2020 and has also become a patron of the National Association of Commercial Finance Brokers (NACFB).

The fintech business lender — which has advanced almost £830m to SMEs over the past seven years — aims to support more businesses through NACFB initiatives in addition to building closer relationships with accredited commercial finance brokers.

“Commercial finance brokers have made a significant impact, helping UK businesses get the finance they need to grow,” said Christopher Findlow, head of partnerships at MarketFinance (pictured above).

“They build deep relationships with business owners across the country and are able to get into the detail of what they need.

“Almost a third of our lending has been enabled by the strength of our relationships with these important business advisers.

“Conversely, our technology-focused lending approach has made the experience efficient for them.”

Graham Toy, CEO at the NACFB, added: “We’re delighted to welcome MarketFinance to our community.

“MarketFinance will feature at NACFB events, seminars, training sessions and networking opportunities across the whole of the UK throughout the year.

“They were the first to market with their innovative invoice finance solutions and have now entered the business loans market.

“This is the kind of choice and innovation we want to present to business owners when thinking about how to finance their companies.” 

The business lender updated its name to MarketFinance (previously MarketInvoice) and launched a new business loan product in November last year.

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