Barclays in MarketInvoice partnership for SMEs

Barclays is partnering with Europe’s largest online invoice financing platform MarketInvoice to help small and medium enterprises (SMEs) in the UK manage cash flow and accelerate growth.

The bank has committed to a significant minority stake in the FinTech firm to give Barclays’ SME clients access to innovative forms of finance. Founded in 2011, MarketInvoice has funded invoices worth more than £2.7 billion, helping small businesses with their cash flow.

The proposition will be introduced to Barclays’ SME clients over the coming months in areas across the UK, including the East Midlands, West Midlands, Herts and North West London, with a full roll-out set to commence nationwide in 2019.

Ian Rand, chief executive of Barclays Business Bank, said that invoice finance has come of age in the digital era. “A number of our clients told us that they feel pressured into offering longer payment terms in order to stay competitive – this ties up their cash flow, preventing them from seizing growth opportunities.

“Our corporate bank already offers invoice financing to large businesses, so it’s great news that we’re able to extend the proposition to work for our SME clients as well,” he added.

Barclays also recently launched £100,000 unsecured lending for SMEs, doubling its maximum for unsecured business loans from £50,000 to £100,000.

In April, the bank established Barclays UK Ventures, to focus on developing new business lines and promoting innovation through a combination of organic build-out, commercial partnerships and venture investments.

    Share Story:

Recent Stories


Bringing Teams to the table – Adding value by integrating Microsoft Teams with business applications
A decade ago, the idea of digital collaboration started and ended with sending documents over email. Some organisations would have portals for sharing content or simplistic IM apps, but the ways that we communicated online were still largely primitive.

Automating CX: How are businesses using AI to meet customer expectations?
Virtual agents are set to supplant the traditional chatbot and their use cases are evolving at pace, with many organisations deploying new AI technologies to meet rising customer demand for self-service and real-time interactions.