Leading European countries in invoice trading 2020

The leading European countries based on market volume in invoice trading in 2020 were Italy, the United Kingdom, Spain, and France. In that year, the total market volume in Italy was worth approximately 760 million U.S. dollars. Invoice trading is a type of auction financing which involves businesses selling their unpaid invoices to online investors through an online peer-to-peer platform. At its core, this concept takes the principle of peer-to-peer lending and applies it to invoice finance. An SME would sell an unpaid invoice to a group of investors, who provide an advantage of that invoice. When the invoice is paid, the SME receives its remaining part with the group of investors keeping the rest (minus a fee for the online peer-to-peer platform). This system theoretically allows SMEs faster access to money from unpaid invoices.