Barclays takes up significant stake in London fintech Marketinvoice

Barclays today announced it has acquired a significant minority stake in London-based fintech Marketinvoice, in a deal that will utilise the startup’s technology to provide £1bn in capital for the UK’s small businesses.

It is understood the deal will also see Barclays lead Marketinvoice’s upcoming series B fundraising round, which is due to close in the next couple of months.

As Europe’s largest online invoice financing platform, Marketinvoice has received over £18m in publicly-disclosed funding to date. It is also backed by early Spotify investor Northzone and private equity group MCI Capital.

Read more here.