June was another busy month for Investly. We broke records in the UK and Estonia both in terms of the volume of invoices sold but also the number of new customers who sold their first invoice. July should see a noticeable pick-up in the UK as we have a new sales person joining our London team.
Investly’s autobidder has been available to investor for a little over two months now. By the second half of June, 152 investors were using it. Assuming their accounts were fully funded, the total bidding size of these investors is almost 8000 euros. Because the autobidder is gaining acceptance among investors, we[...]
The month of May saw a slight decrease in invoice volumes, but overall the month was successful. In April we sold quite a few large invoices which pushed up the average invoice value and the monthly volume. However, the overall trend is positive: we had four new companies sell their first invoice and many more have[...]
We've got important news for you! We're honored to have received the Crowdfunding Best Practices label by FinanceEstonia and Law Firm Deloitte Legal. Also, we have updated our business model and decided to start participating in invoice auctions, further aligning our interests with those of investors.
Meet
Matt and Ben's Proper Fudge Company. With 7 Great Taste awards under their belt, they sure do know their sweets. Ben Robertson, the Director of Matt and Ben's has shared his story with Investly of how they went through the invoice finance process and what impact it had on their business.
Another month has passed and it's time to have a look at the data. April was a another record-breaking month for Investly, it was the first time we sold more than €100,000 worth of invoices in one month. That brings the total to €186,186. This was achieved with the help of new and existing customers and investors.[...]
Times are changing, and so are the finance options for small businesses. With the alternative finance market in the UK reaching a whooping £3.2 billion in 2015, maybe it's time for your business to get a slice of the funding pie?
Meet Metsanotsu (literally translated as Forest Piglet), an Estonian company that provides retail chains with great quality firewood. After encountering long payment terms from their clients, they decided to give Investly and invoice financing a try.
Having sold their first invoice to investors for a small[...]
The quarter has come to an end and it's time to have a look at the data. The first quarter was quite busy as we started offering invoice discounting not just in Estonia, but in the United Kingdom as well. Invoice discounting is doing great in Estonia, both local and international investors have quickly adapted to[...]
Although Investly is now available in the United Kingdom as well as Estonia, we started out in the latter. As such, most of our investors, so far, are Estonians. We do have a growing group of foreign investors because we are open to investors from the European Economic Area. Perhaps the most exciting development[...]