Alternatives to Allianz Trade
The 4 UK alternatives to Allianz Trade on this page are Bibby Financial Services, Close Brothers Invoice Finance, Aldermore Invoice Finance and HSBC Invoice Finance. The table shows what each one publishes about minimum turnover, advance and fees, next to Allianz Trade, with a link to each provider's own website.
Allianz Trade sells trade credit insurance, which protects you if a customer does not pay; it does not lend against your invoices. It was called Euler Hermes until 2022: "In 2022 Euler Hermes re-branded to Allianz Trade" (Allianz Trade UK, read 8 November 2026).
What this page covers
This page covers:
UK invoice finance alternatives to Allianz Trade, compared on product type, minimum turnover, advance, fees, setup time and our rating.
Not covered here:
In-depth single-provider reviews (see /providers/), head-to-head comparisons (see /vs/), general invoice finance education (see /guides/)
Allianz Trade and the 4 alternatives side by side
| Compared on | Allianz Trade | Bibby Financial Services | Close Brothers Invoice Finance | Aldermore Invoice Finance | HSBC Invoice Finance |
|---|---|---|---|---|---|
| Product | Trade credit insurance and bad debt protection | Invoice finance (factoring, CID) | Invoice finance (CID, factoring, ABL) | Invoice finance (Receivables Finance, factoring, CID) | Invoice discounting (you keep your own credit control) |
| Min turnover | Not published | Not published | £750k | £750k | £1m |
| Advance | N/A (insurance, not advance against ledger) | Up to 95% | Up to 90% | Up to 90% | Up to 95% |
| Fees | Premium as a percentage of sales | Not published | Not published | Not published | Not published |
| Setup time (our guide) | A few days to several weeks (policy underwriting) | Not published | Not published | A few days to a few weeks | Not published |
| Our rating (out of 5) | 4.2 | 4.4 | 4.5 | 4.2 | 4.0 |
| Source | allianz-trade.com | bibbyfinancialservices.com | closeinvoice.co.uk | aldermore.co.uk | business.hsbc.uk |
Minimum turnover, advance and fees are as published on each provider's own website, checked between 1 October 2026 and 11 November 2026. "Not published" means we read the provider's own pages and it gives no figure. HSBC Invoice Finance is listed here for invoice discounting only, not factoring, so it is not a like-for-like swap for a factoring facility. Setup times are a guide from our records, not a promise from the provider. Ratings are our own view, not a figure from the provider (how we rate providers).
More on each alternative
- Bibby Financial Services: Our Bibby Financial Services profile · Allianz Trade vs Bibby Financial Services · bibbyfinancialservices.com
- Close Brothers Invoice Finance: Our Close Brothers Invoice Finance profile · Allianz Trade vs Close Brothers Invoice Finance · closeinvoice.co.uk
- Aldermore Invoice Finance: Our Aldermore Invoice Finance profile · Allianz Trade vs Aldermore Invoice Finance · aldermore.co.uk
- HSBC Invoice Finance: Our HSBC Invoice Finance profile · business.hsbc.uk
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Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd
Adam was managing director of Penny, a UK invoice finance business, from July 2020 to November 2023. His career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library. Career record.
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