42% year-on-year rise in invoice discounting for Aldermore in July

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Invoice finance provider Aldermore has reported that during July it made more than £130 million of invoice finance funding available to SMEs, an increase of 42% over the same period last year.

Over the past year Aldermore’s client numbers have also increased by 22%.

Ian Wilkins, group managing director of commercial finance at Aldermore, said: “To put this achievement in context