[Editor’s Note: This is a guest post from Simon Hermiz, a Credit Risk Management Professional and former Co-Founder at NoteX, a company that provided an institutional investment platform for direct investing in trade receivables and marketplace loans.]
Launched in 2008, The Receivables Exchange was one of the first online marketplaces for trade receivables. Since then many invoice trading platforms have emerged each pursuing their own market niche.
Here is a sample list of invoice trading platforms targeting SMB’s that are open to institutional investors:
| Platform | Type | Year Founded |
| FastPay (US) | Asset Based Lending | 2009 |
| P2Binvestor (US) | Asset Based Lending | 2012 |
| Aztec Exchange (Global) | Export Finance | 2012 |
| Market Invoice (UK) | Select Invoice Discounting | 2011 |
| The Interface Financial Group (Global) | Select Invoice Discounting | 1972 |
| Finexkap (France) | Securitization | 2012 |
| CrossFlow Payments (Global) | Supply Chain Finance | 2010 |
| Platform Black (UK) | Supply Chain Finance, Select Invoice Discounting | 2011 |