Anil Stocker (MarketInvoice)
Entrepreneur: Anil Stocker
Business: Marketinvoice Limited
Marketinvoice is a cloud-based online marketplace where SMEs can auction trade receivables (i.e. commercial invoices) in order to obtain cash advances of up to 90%. Global investors bid on these invoices and winners advance cash in exchange for a discount fee.
SMEs that trade with large debtors often suffer from late payments. Unlike traditional financing sources such as overdrafts, factoring or invoice discounting, with Marketinvoice SMEs receive competitive discount fees; there’s no obligation to use, no service fees, no arrangement fees, no personal guarantees and the service is confidential to customers.
Anil Stocker (left) and Charles Delingpole (right) of MarketInvoice
Marketinvoice provides investors with direct access to the trade receivables asset and its unique investment term/return profile – investment terms are usually only 30-60 days and annualised yields range between 10-25%.
Investment risk is generally very low and can be diversified between different invoices or fractions of invoices. Marketinvoice performs rigorous checks and validation on SMEs and investors have access to all relevant information to assist in due diligence. Marketinvoice takes a fee from both buyers (20% of returns) and sellers (0.5% of invoice amount) and, given sufficient trading volume, can operate profitably. To date, over £800K of invoices have been traded.
You can watch Anil's winning elevator pitch video again in the video player in the top right hand corner of this page.