Leading peer-to-peer invoice platform Market Invoice announced the appointment of Giles Andrews as chairman on Monday, bringing his 25 years of experience to the helm of the company.
Andrews, who is currently the chairman of the world’s first peer-to-peer lending platform Zopa, will work directly with co-founders Anil Stocker and Ilya Kondrashov to drive scale in the business, as well as chairing and managing the board of directors.
Andrews said of his new role: “MarketInvoice is transforming the landscape of the business finance industry. I have long been fascinated by their game-changing and innovative attitude. I look forward to working with the team in channelling their drive and ambition.”
Market Invoice have funded over £1.1 billion against invoices since the company’s conception in 2011, lending £2,196 every minute to UK businesses in 2016. The company recently raised £7.2 million in series B funding from European venture capital fund Northzone and private equity group MCI Capital, increased their staff to 90 and moved into new offices in Shoreditch.
Commenting on the new appointment, Anil Stocker, CEO and co-founder of MarketInvoice commented: “In preparing the business for the next phase of growth, we are delighted to welcome Giles as chairman of the board. His expertise in building businesses and extensive experience of the peer-to-peer lending sector will provide just the perspective and guidance MarketInvoice requires to scale new heights.”
“This appointment is yet a further signal of our intent to shaking-up and challenging the mainstream market. MarketInvoice is committed to evolving its proposition in delivering smarter, faster finance to businesses and consistent returns for investors.”
Andrews will also remain in his position of chairman of Bethnal Green Ventures, an accelerator for start-ups using technology to make social or environmental impact.