To date, MarketInvoice has funded £1.2bn in invoice financing needs of UK businesses and is well set to achieve the landmark £2bn ambition in 2017. In moving towards this, MarketInvoice will offer accountants, commercial finance brokers and financial advisers a 40% share of the MarketInvoice subscription fee (in the first year) from all new clients referred to MarketInvoice Pro and 20% every year they remain a client thereafter.
All partners will have access to the introducer partner portal to refer clients directly to and track their progress. They will receive transparent updates on commissions and the support of a dedicated partnership manager.
On the portal, clients will be able immediate apply for an invoice finance facility and be given an indicative quote. Once MarketInvoice has run their due diligence and funding decisions are made, the client account will be set-up and funds can be ready to withdraw from within 7 days of set-up.
Anil Stocker, co-founder and CEO, at MarketInvoice commented:
“In structuring this commission structure, we acknowledge the trusted status which accountants, commercial finance brokers and financial advisers have with businesses. We want to build on that trust and deliver additional value to their clients across the country, whilst ensuring that they benefit from our success.”
“Our success has been driven by the product service and customer experience we promise and deliver. 80% of businesses that come to MarketInvoice have never used invoice finance previously and over time, we have built an 81% retention among them over 5 years. These businesses grow, typically 35% per annum whilst they remain with us; we want to be able to service them further as they head into peak growth phases and MarketInvoice Pro provides the means to do so.”
