DMO: FinTech invoice factoring platforms benchmarked transaction value UK 2014-2020

Benchmarked transaction value of the FinTech invoice factoring platforms sector in the United Kingdom (UK) from 2014 to 2020

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Release date

September 2015

Region

United Kingdom

Survey time period

2014

Supplementary notes

* Estimate.
** The figures show the annual transaction value in the selected market (market segment, region) as a share of the referring total market potential in percentage terms.

Factoring platforms offer small and medium-sized enterprises (SMEs) and freelancers the possibility of simplifying their billing and accounts receivable management processes through pre-financing or directly funding outstanding receivables. This allows small businesses in particular to have continuous liquidity during everyday operations and reduces the risk of defaults. Since classical factoring solutions are not attractive to providers and customers in many cases, due to effort and cost, FinTech businesses have specialized themselves in SME factoring to offer cost-efficient solutions via automated steps and online marketplaces. Some example providers in this area are Billfront and CoreFund Capital. Factoring services for companies who are not counted as SMEs and business lending platforms are not included.

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* For commercial use only

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For single users
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Access limited to Free Statistics. Premium Statistics are not included.
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For single users
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per month, billed annually 1
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  • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
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1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

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