Alternatives to Fund Invoice Discounting
The 4 UK alternatives to Fund Invoice Discounting on this page are Bibby Financial Services, Close Brothers Invoice Finance, Ultimate Finance and IGF (Independent Growth Finance). The table and the note under it show what each one publishes about minimum turnover, advance and fees, next to Fund Invoice Discounting, with a link to each provider's own website.
What this page covers
This page covers:
UK invoice finance alternatives to Fund Invoice Discounting, compared on product type, minimum turnover, advance, fees, setup time and our rating (where no provider publishes fees or setup times, the note under the table says so instead of a table row)
Not covered here:
In-depth single-provider reviews (see /providers/), head-to-head comparisons (see /vs/), general invoice finance education (see /guides/)
Fund Invoice Discounting and the 4 alternatives side by side
| Compared on | 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) | Invoice finance (CID, factoring, ABL) | Invoice finance (factoring, CID), bridging, asset finance | Invoice finance (ABL, CID), asset-based lending |
| Min turnover | Not published | Not published | £750k | £600k | £5m |
| Advance | Up to 95% (funder dependent) | Up to 95% | Up to 90% | Up to 95% | Up to 90% (receivables); stock up to 85%, plant up to 75% |
| Setup time (our guide) | Typically within a few days | Not published | Not published | Within one week | Not published |
| Our rating (out of 5) | 3.9 | 4.4 | 4.5 | 4.3 | 4.1 |
| Source | fundinvoice.co.uk | bibbyfinancialservices.com | closeinvoice.co.uk | ultimatefinance.co.uk | igfgroup.com |
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. None of these 5 providers publishes its fees: each prices per facility. Fund Invoice Discounting is a broker, not a lender: the figures depend on the lender you are matched with. 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 · bibbyfinancialservices.com
- Close Brothers Invoice Finance: Our Close Brothers Invoice Finance profile · closeinvoice.co.uk
- Ultimate Finance: Our Ultimate Finance profile · ultimatefinance.co.uk
- IGF (Independent Growth Finance): Our IGF (Independent Growth Finance) profile · igfgroup.com
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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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