Northzone in $10m round for MarketInvoice
Northzone has taken part in a $10m round for UK portfolio company MarketInvoice, alongside the family office of Indeed.com co-founder and former CEO Paul Forster.
The fintech business will use the fresh capital to expand its product range and allow retail investors to lend on its platform.
The London fintech space has seen considerable venture backing in recent months. So far, in July and August alone, Acton Capital Partners and CommerzVentures have led a $20m series-B for Iwoca, and Balderton Capital has led a £1.5m round for Revolut.
Previous funding
Northzone and Forster previously invested £5m in MarketInvoice in December 2014.
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 says almost £500m has been traded across the platform, with £30m being funded each month.
People
Anil Stocker is the CEO of MarketInvoice. Jeppe Zink is a partner at Northzone.
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