![]() European venture fund Northzone also provided equity funding. Read more: Once big banks crack the code of how to win millennials, star fintech unicorns may be crushedīarclays and Santander's Inno Ventures fintech fund led the £26 million in equity funding for MarketInvoice while Israeli technology fund Viola Credit, who also participated in the equity round, will provide a debt facility of up to £30 million. Big banks have taken notice, with Goldman Sachs, JPMorgan, UBS among those that are also ramping up their expansion. The success of challenger banks and payment services such as Revolut and investment platforms including Robinhood have highlighted the potential gold mine in tapping millennial spending. The deal demonstrates a disruptive shift in the banking industry. The companies declined to comment on valuation, but documents filed with Companies House suggest the deal valued MarketInvoice at about £85 million, according to the FT. ![]() UK fintech MarketInvoice has kicked off the funding market for 2019 with the backing of Barclays and Santander as part of a £56 million ($72 million) debt and equity financing. ![]() ![]() The funding will help MarketInvoice expand its UK business operations and values the company at £85 million ($110 million).It's the first major UK fintech debt and equity funding in 2019, coming just ahead of Brexit.Fintech lender MarketInvoice has secured Series B funding from major banks including Barclays and Santander's fintech fund Inno Ventures.Account icon An icon in the shape of a person's head and shoulders. ![]()
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