The peer-to-peer (P2P) platform is now aiming to double its lending in 2017 after launching its innovative confidential invoice discounting service.

MarketInvoice funded £1.1bn over the past year and believes its new MarketInvoice Pro service will offer businesses an open funding line against their outstanding invoices.

The platform, which recently received a £7.2m investment from MCI Capital and Northzone Partners, reported that investor appetite had also grown significantly over the past two years, with the number of sophisticated investors active on the platform increasing by 25% and institutional investors rising by 42%, while high-net-worth investors were up by 235%.

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“Our track record of exceptional customer service with businesses and their reciprocal trust and faith in us means we are confident of delivering more funding and success for them,” said Anil Stocker, CEO and co-founder of MarketInvoice.

“The appetite for asset-based finance is roaring and we aim to forge new ground in this £20bn industry.”

Anil said the launch of MarketInvoice Pro was a significant milestone and signalled its intention to shake-up and challenge the mainstream market.

“MarketInvoice Pro is a natural evolution of our business and brings a fresh and innovative approach to solving [one of] the biggest issues for businesses in the UK: available cash flow.

“We take pride in our relationships with the broker community who understand our products and model, and appreciate the true value we deliver for businesses across the country.

“We look forward to broadening our appeal and relationships with more people with the launch of MarketInvoice Pro.”