- 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