Alternatives to Funding Circle
4 UK invoice finance alternatives to Funding Circle, compared on advance rate, setup speed, transparency, minimum turnover and best-fit.
The leading UK invoice finance alternatives to Funding Circle are Kriya (Allica Bank), Hydr, Ultimate Finance and Bibby Financial Services, compared here on advance rate, setup speed, minimum turnover and rating. More detail + scope
Summary
Funding Circle is benchmarked against 4 UK invoice finance alternatives: Kriya (Allica Bank), Hydr, Ultimate Finance and Bibby Financial Services. 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.
This page covers
UK invoice finance alternatives to Funding Circle, compared on product type, minimum turnover, advance rate, typical rate, setup speed and rating
Not covered here
In-depth single-provider reviews (see /providers/), head-to-head comparisons (see /vs/), general invoice finance education (see /guides/)
Funding Circle vs the 4 alternatives
| Funding Circle | Kriya (Allica Bank) | Hydr | Ultimate Finance | Bibby Financial Services | |
|---|---|---|---|---|---|
| Product | Business term loans and FlexiPay (not invoice finance) | Single-invoice finance, embedded finance | Single-invoice finance (digital, selective) | Invoice finance (factoring, CID), bridging, asset finance | Invoice finance (factoring, CID, ABL) |
| Cluster | fintech | fintech | fintech | independent | independent |
| Min turnover | No fixed minimum | No minimum | No minimum | £100k | £100k |
| Advance rate | N/A (term loan, not advance against ledger) | Up to 100% per invoice | Up to 100% per invoice | Up to 90% | Up to 90% |
| Typical rate | Fixed term-loan APR by risk band | 1% to 4% per invoice | Flat fee per invoice financed | 1.5% to 3.5% service charge | 0.5% to 3% service charge plus discount margin |
| Setup speed | Decision within 1 to 2 working days | 1 working day | Same day to 1 working day | 3 working days | 5 working days |
| Rating | 4.2 | 4.5 | 4.2 | 4.3 | 4.4 |
Kriya (Allica Bank)
1 working day · Up to 100% per invoiceFintech invoice finance leader, £4bn+ processed, acquired by Allica Bank October 2025. Pure single-invoice (selective) model: pay per invoice financed, no whole-book commitment. Setup in 1 day. Embedded finance integrati
Hydr
Same day to 1 working day · Up to 100% per invoiceA Manchester-based fintech offering fully digital single-invoice finance with same-day onboarding and a flat transparent fee per invoice. Hydr integrates with accounting software and suits smaller businesses that want to
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
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
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Founder & Managing Director, Muswell Rose, Best Business Loans Ltd
Adam is the founder and managing director of Muswell Rose and a founder of Best Business Loans Ltd, the company behind Market Invoice. He spent over three years as managing director of Penny, a UK invoice finance business, and his career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library.
Last reviewed: 24 June 2026