UK-based digital marketplaces are on track to raise $1 billion of investment in 2016

  • According to data from Mattermark, analysed by payments company Stripe, UK-based digital marketplaces are on track to raise £706 million ($1 billion) of investment in 2016.
  • This figure represents a nearly 17% rise on the £604 million of investment raised in 2015.
  • These digital marketplaces are platforms that allow buyers and third party sellers to collaborate, facilitating transactions rather than selling products or services themselves. In essence the “middleman” is defunct.
  • Examples of UK marketplaces include P2P currency exchange TransferWise, food-ordering app Deliveroo, and holiday deals site Secret Escapes.

Source: Business Insider

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