Debtor finance market records a modest increase 24 August 2015 3:26PM John Kavanagh The debtor finance market enjoyed a modest increase in turnover in the year to June.According to the latest figures from the Debtor and Invoice Finance Association of Australia and New Zealand, sector turnover for the year was A$63.9 billion - an increase of 1.1 per cent over 2013/14.Turnover in the June quarter was $15.8 billion, compared with $15.3 billion in the March quarter and $14.9 billion in the June quarter last year.Invoice discounting, where the seller of the trade debts retains the accounting and debt collection functions, accounted for the bulk of the turnover. Invoice discounting turnover for the year to June was $58.9 billion, compared with $57.5 billion in 2013/14.Factoring, where the finance company takes over the accounting and debt collection, accounted for $4.9 billion of annual turnover, compared with $5.6 billion in 2013/14.Client numbers fell 4.9 per cent year-on-year to 4275.DIFA chairman Peter Langham said in a statement that there had been some areas of strong activity during the year, particularly Victoria, where volume was up 25 per cent.