Alternatives to Funding Circle
The main UK invoice finance alternatives to Funding Circle are Hydr, Ultimate Finance and Bibby Financial Services, compared below on product type, minimum turnover, advance rate, typical fee, setup speed and our overall rating.
Pick the alternative that fixes whatever Funding Circle does not do for you: a lower entry point, faster setup, a higher advance or a different product type. More detail + scope
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
| Compared on | Funding Circle | Hydr | Ultimate Finance | Bibby Financial Services |
|---|---|---|---|---|
| Product | Business term loans and FlexiPay (not invoice finance) | Single-invoice finance (digital, selective) | Invoice finance (factoring, CID), bridging, asset finance | Invoice finance (factoring, CID, ABL) |
| Cluster | fintech | fintech | independent | independent |
| Min turnover | No fixed minimum | No minimum | Not published | Not published |
| Advance rate | N/A (term loan, not advance against ledger) | Up to 100% per invoice | Up to 95% | Up to 85% |
| Typical rate | Rates starting at 6.9% per year (business loans) | Flat fee per invoice financed | Quoted per facility (not published) | Not published (quoted per facility) |
| Setup speed | 48 hours (funds, after acceptance) | Same day to 1 working day | Within one week (up to 5 working days) | 5 working days |
| Rating | 4.2 | 4.2 | 4.3 | 4.4 |
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.
Ultimate Finance
Within one week (up to 5 working days) · Up to 95%Facility set up within one week, with funds paid within 24 hours of receiving invoices once live, according to Ultimate Finance. Owned by Tavistock Group.
Bibby Financial Services
5 working days · Up to 85%Describes itself as one of Europe's largest independent invoice finance providers, funding over 8,500 businesses; part of the family-owned Bibby Line Group and formed in 1982.
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Founder & Managing Director, Muswell Rose, founder and PSC of 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.
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