Corporate Vision June 2017

68 CORPORATE VISION / June 2017 , MarketInvoice is a peer-to-peer finance platform, so the funds are provided by investors from around the globe, including the UK government-owned British Business Bank. MarketInvoice is amember of the Peer-to-Peer Finance Association. As a winner of the Best Peer-to-Peer Finance Platform2016, we invited the firm to profile how they are changing the way businesses fund their growth. Changing the Way Businesses Fund Their Growth Here at MarketInvoice, we saw an opportunity to make it much simpler and fairer for businesses to get the finance they need. We’ve removed all the hidden fees, long contracts, slow decision making, and we’ve brought the whole process online. If you’re waiting for a customer to pay you, we’ll help ease your cash flow challenges. You can sign up, sell an invoice and get funded all within 24 hours. You’re not locked in to any contracts but businesses do use us repeatedly - more than 15 times per year on average. MarketInvoice is changing the way businesses fund their growth. For decades, businesses have had to rely on banks for funding. That meant being tied down to long contracts with hidden fees, slow decisions and poor service. Businesses couldn’t access the funding they needed. Gavin Williams, Co-founder of FATUnicorn, said about our service, “if everybody used MarketInvoice, everybody would get paid faster and life would be a lot easier!” This is our philosophy. We help British businesses grow and succeed. We make their lives easier by making the world of finance more efficient and transparent, at a fair price. Our founders are Anil Stocker (CEO), Ilya Kondrashov (CFO/ COO) and Charlie Delingpole (co-founder), all of whom are profiled briefly below. Anil Stocker, CEO - Whilst working in financial services in his early twenties and spending time with many company CFOs, Anil realised how difficult it was for small businesses to raise the funding they needed to drive their business forward. His ambition was to use technology and data to completely reinvent how businesses go about financing their growth, and breathe fresh life into outdated financial products. Anil co-founded the business in 2011 and has led the growth of the company, team and its culture since launch. He was listed as one of Forbes Magazine’s Finance ‘30 under 30’ and has won awards for entrepreneurship and innovation. Anil is on the UK government-backed UK FinTech Delivery Panel to drive policy recommendations for the industry. Ilya Kondrashov, CFO/COO - Having spent three years working within one of the world’s largest legacy financial institutions, Ilya was exposed to the outdated service banks were providing to private businesses. He realised that business owners felt let down by their bank, and set out to build a better alternative. He also represents MarketInvoice in its efforts to promote transparency and fairness within the alternative finance industry, sitting on multiple compliance and regulatory bodies including the P2PFA. Charlie Delingpole, Co-founder - Charlie co-founded the business with Anil in 2011, leaving to pursue other opportunities in early 2013. Charlie previously worked in investment banking at J.P. Morgan Cazenove. He is a non-executive director of The Student Room Group, a company he founded in 2001. Our investors Our investors consist of a technology investment fund called Northzone, founder of Indeed.com Paul Forster co- founded and multistage private equity group MCI Capital. These are detailed below. Northzone Northzone is a technology investment fund. The partnership has to date raised seven funds and invested in over 100 technology-enabled companies. Their current portfolio includes companies such as Spotify, Avito.ru, Trustpilot, WideSpace and SpaceApe The company has offices in London, Stockholm, Oslo, Copenhagen and New York. For further information, visit www. northzone.com . Northzone also renewed their commitment and participated in our 2016 fundraise. Paul Forster Paul Forster co-founded Indeed.com in 2004 and led the company as CEO through TI16190