Northzone backs MarketInvoice
Northzone has taken part in a £5m funding round for UK fintech company MarketInvoice alongside Indeed.com co-founder and former CEO Paul Forster.
Northzone will appoint someone to join the company's board of directors following the investment.
The company will use the funding to scale its operations.
MarketInvoice previously received £2m in funding from the Greater Manchester Combined Authority in 2011.
Company
Founded in 2011, MarketInvoice is headquartered in London with an additional office in Manchester. The company operates an online platform that allows businesses to sell outstanding invoices to investors with the aim of raising capital.
The company claims that close to £300m has been traded across the platform, with £200m being funded in 2014 alone.
People
Anil Stocker is the CEO of MarketInvoice. Jeppe Zink is a partner at Northzone.
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