Alternatives to Hydr
The 3 UK alternatives to Hydr on this page are Sonovate, Ultimate Finance and Time Finance. The table and the note under it show what each one publishes about minimum turnover, advance, fees and setup time, next to Hydr, with a link to each provider's own website.
What this page covers
This page covers:
UK invoice finance alternatives to Hydr, 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/)
Hydr and the 3 alternatives side by side
| Compared on | Hydr | Sonovate | Ultimate Finance | Time Finance |
|---|---|---|---|---|
| Product | Single-invoice finance (digital, selective) | Recruitment-specialist invoice finance | Invoice finance (factoring, CID), bridging, asset finance | Invoice finance, asset finance, vehicle finance |
| Min turnover | Not published | No minimum | £600k | Not published |
| Advance | Up to 100% per invoice | Up to 100% | Up to 95% | Up to 90% |
| Fees | Flat fee per invoice financed | Not published | Not published | Not published |
| Our rating (out of 5) | 4.2 | 4.6 | 4.3 | 4.1 |
| Source | hydr.co.uk | sonovate.com | ultimatefinance.co.uk | timefinance.com |
Minimum turnover, advance and fees are as published on each provider's own website, checked between 8 November 2026 and 11 November 2026. "Not published" means we read the provider's own pages and it gives no figure. Only Ultimate Finance gives a setup time on its website ("within one week"); the others don't publish one. Ratings are our own view, not a figure from the provider (how we rate providers).
More on each alternative
- Sonovate: Our Sonovate profile · sonovate.com
- Ultimate Finance: Our Ultimate Finance profile · ultimatefinance.co.uk
- Time Finance: Our Time Finance profile · timefinance.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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