Factors influencing invoice trading 2014 statistic

This statistic shows the main reasons for fundraisers choosing invoice trading, listed according to their importance by respondents to a survey on the alternative finance market in the United Kingdom (UK) in 2014. At that time, 71 percent of respondents considered "speed" to be the most important factor in their decision to choose invoice trading.

How important were these factors in your decision to choose invoice trading?

Characteristic	Very important	Important	Neither important nor unimportant	Unimportant	Very unimportant
Speed	71%	24%	5%	0%	0%
More control	53%	37%	11%	0%	0%
Ease of use	52%	29%	19%	0%	0%
More flexible terms	52%	33%	14%	0%	0%
Easier to get funded	50%	35%	10%	5%	0%
Transparency	50%	35%	10%	5%	0%
Better services	40%	30%	30%	0%	0%
Unable to get funding elsewhere	37%	26%	21%	11%	5%
Unable to source funding locally	33%	17%	28%	11%	11%
Better pricing for invoices	29%	29%	35%	0%	6%
Lower cost	29%	38%	24%	5%	5%
Curiosity	5%	5%	53%	11%	26%

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Release date

November 2014

More information

Region

United Kingdom

Survey time period

March to September 2014

Special properties

primary industry figures as well as extensive surveys of businesses and consumers

Supplementary notes

The source defines invoice trading as "when firms sell their invoices at a discount in order to receive funds immediately rather than waiting for invoices to get paid".

The source clarifies the methodology as follows: "Four stages of research activity were carried out from March to September 2014. (1) Stage one involved collecting primary transactional data directly from alternative finance platforms. (2) Stage two consisted of designing and distributing model-specific questionnaires to survey funders and fundraisers of alternative finance. In total 15,658 users were surveyed. (3) Stage three conducted in association with ACCA and PwC included two external national surveys to understand the level of awareness among consumers of alternative finance. 2,007 consumers and 506 SMEs were surveyed. (4) Stage four was the industry-wide tracking survey among UK crowdfunding associations and P2P associations to gather industrial figures for year 2014. Transactional data was collected for quarters one to three of 2014."

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