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InvoiceX targets A$50 million of business this year

Marketplace lender InvoiceX, an online debtor finance specialist, has forecast that it will trade more than A$50 million of invoices this year, in its second full year of operation.The company issued details of its loan book, reporting that it traded more than $6.5 million of invoices from its launch in November 2014 to the end of last year."Trading an invoice" means raising finance against the face value of an outstanding invoice. InvoiceX has facilitated 201 trades with an average face value of $33,098. It charges an average fee of 1.2 per cent per month.The company is funded by sophisticated investors who invest in InvoiceX's Match Maker Trading Platform. The company's policy is that directors co-invest on each trade.

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