Between 1% and 2% of invoice financing globally is subject to fraud, according to Jesse Chenard, @Monetago's chief executive. This amounts to around $50 billion in fraud per year, he said. 😮. @amerbanker
UK #SME's are losing more than £9 billion from #invoice#fraud every year, this amounts to £1,658 per SME. We believe we can have a significant impact on that. #startup