DMO: FinTech potential invoice factoring platform users in the UK 2014-2020

The graph presents the number of potential invoice factoring platform users in the United Kingdom in 2014 and 2015, and provides a forecast thereof until 2020. The number of potential users in the UK is expected to grow from 1.9 million in 2015 to roughly 2.2 million in 2020. An overview of all Digital Markets can be found here.
Statista’s Digital Market Outlook offers forecasts, detailed market insights and essential performance indicators of the most significant areas in the “Digital Economy”, including various digital goods and services. Alongside revenue forecasts for 50 countries worldwide, Statista offers additional insights into consumer trends and demographic structure of digital consumer markets.

FinTech invoice factoring platform user potential in the United Kingdom (UK) from 2014 to 2020

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

September 2015

Region

United Kingdom

Survey time period

2015

Supplementary notes

* Estimate.

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.

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.

Statistics on "FinTech business finance in the United Kingdom"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.