Investly develops new platform for partners

Investly develops new platform for partners
08.08.2018 01:23 pm

Investly develops new platform for partners

Investment Management , Banking

Following a new financing round earlier this year and Nesta’s Open Banking prize last year, London based invoice finance provider Investly has opened their platform to help partners such as banks, working capital providers, e-invoicing platforms and retail/wholesale marketplaces serve their business customers the financing they need.

Investly provides selective invoice discounting to businesses in the UK and Estonia for which it has built the credit model, operations and technology with the aim of expanding the reach of businesses that can be served sustainably. Continuous automation and technology improvement have driven down unit cost of processing transactions and improved the speed of financing. 

More than half of the smaller businesses using Investly have never used invoice financing because it has not been made available, or it has been with an unsustainable cost. Hence, compared to a typical operational model of incumbent invoice finance providers, Investly’s platform solution can also be used to serve smaller businesses that have currently remained unserved. 

Additionally, partners using the platform will be able to utilise the existing marketplace of funding if they wish to. Availability of multiple funding sources can help the partners fund currently unserved clients, reduce their cost of capital and provide a more competitive pricing to their business customers. 

“Partnering with fintechs has become increasingly attractive to traditional lenders such as banks. Fintechs are delivering automated and easy to use solutions for particular services that were previously offered by the banks, who are now becoming more focused on maximising their core strengths such as quality customer relationships and full service portfolio. Partnering with the best providers in each service category can help the banks reinforce the full portfolio offering. As a result, fintechs such as Investly can focus on continuous improvement of the service providing value for more businesses and partners alike.” explained Siim Maivel, Founder of Investly. 

The bank- fintech partnership model has been validated by the UK’s banking industry in several large scale partnership over the last couple of years: Santander-Kabbage in 2016, RBS-Ezbob in 2017 and Barclays-Marketinvoice just recently.

Related News

Tinkoff Bank launches Tinkoff Investments Premium

Tinkoff Bank announces the launch of Tinkoff Investments Premium ... Read more »

Profile Software is sponsoring the UK Finance Digital Innovation Summit

Profile Software, an international financial solutions provider, announced today that it supports the proceedings of the UK Finance Digital Innovation Summit, taking place on... Read more »

CoInvestor Technologies selected for Tech Nation’s FinTech Programme

CoInvestor Technologies (CoInvestor), has been selected to be part of... Read more »

Infosys and Temasek Set Up A Joint Venture in Singapore

 Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced the... Read more »

Caitong Securities goes live with Horizon platform for Options trading on Shanghai Stock Exchange

Horizon Software(Horizon), the leading global technology provider for electronic trading and investment management,... Read more »

SoftBank Vision Fund to put $100m into China tech joint venture

Softbank’s Vision Fund is to make a $100m investment to expand the technology business of Chinese online insurer ZhongAn. The $100bn investment fund, which has shaken up the... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App