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

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Release date

September 2015


United Kingdom

Survey time period


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.

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Statistics on "FinTech business finance in the United Kingdom"

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