Alternatives to Fund Invoice Discounting
4 UK invoice finance alternatives to Fund Invoice Discounting, compared on advance rate, setup speed, transparency, minimum turnover and best-fit.
The leading UK invoice finance alternatives to Fund Invoice Discounting are Bibby Financial Services, Close Brothers Invoice Finance, Ultimate Finance and IGF (Independent Growth Finance), compared here on advance rate, setup speed, minimum turnover and rating. More detail + scope
Summary
Fund Invoice Discounting is benchmarked against 4 UK invoice finance alternatives: Bibby Financial Services, Close Brothers Invoice Finance, Ultimate Finance and IGF (Independent Growth Finance). Each is compared on product type, minimum turnover, advance rate, typical rate, setup speed and overall rating, so you can see which fits your turnover and how fast you need funding. MarketInvoice then matches you to the best-fit provider.
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UK invoice finance alternatives to Fund Invoice Discounting, compared on product type, minimum turnover, advance rate, typical rate, setup speed and rating
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In-depth single-provider reviews (see /providers/), head-to-head comparisons (see /vs/), general invoice finance education (see /guides/)
Fund Invoice Discounting vs the 4 alternatives
| Fund Invoice Discounting | Bibby Financial Services | Close Brothers Invoice Finance | Ultimate Finance | IGF (Independent Growth Finance) | |
|---|---|---|---|---|---|
| Product | Invoice finance broker and packager | Invoice finance (factoring, CID, ABL) | Invoice finance (CID, factoring, ABL) | Invoice finance (factoring, CID), bridging, asset finance | Invoice finance (ABL, CID), asset-based lending |
| Cluster | independent | independent | independent | independent | independent |
| Min turnover | Varies by funder | £100k | £500k | £100k | £500k |
| Advance rate | Up to 90% (funder dependent) | Up to 90% | Up to 90% | Up to 90% | Up to 90% receivables + stock + plant |
| Typical rate | Funder rates via brokered facilities | 0.5% to 3% service charge plus discount margin | From 0.5% service charge | 1.5% to 3.5% service charge | Bespoke pricing |
| Setup speed | 3 to 10 working days | 5 working days | 5 working days | 3 working days | 10 working days |
| Rating | 3.9 | 4.4 | 4.5 | 4.3 | 4.1 |
Bibby Financial Services
5 working days · Up to 90%The largest UK independent invoice finance provider by volume, family-owned, 40+ years in market. Strong on sector breadth (construction, recruitment, manufacturing, wholesale) and SME accessibility. Setup typically 5 wo
Close Brothers Invoice Finance
5 working days · Up to 90%UK merchant banking heritage with 0.5% headline service charge, undercutting most banks and most independents. Strong on transparency, dated published criteria, FCA regulated. Best fit for £500k+ turnover trading busines
Ultimate Finance
3 working days · Up to 90%The fastest-setup mainstream UK invoice finance lender, 3 working days typical. Owned by Tavistock Group. Strong on SME accessibility, flexible underwriting, and broader product set (also asset finance + bridging). Servi
IGF (Independent Growth Finance)
10 working days · Up to 90% receivables + stock + plantABL specialist combining invoice finance with stock and plant lending under one facility. Strong on complex mid-market deals up to £25m. Slower setup but more flexible structure than monoline IF lenders. Backed by Norwic
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Oliver leads Market Invoice's editorial and comparison research. With a background in UK commercial finance, he oversees provider analysis, rate verification, and industry reporting across all verticals.
Last reviewed: 27 May 2026