Alternatives to Hydr
4 UK invoice finance alternatives to Hydr, compared on advance rate, setup speed, transparency, minimum turnover and best-fit.
The leading UK invoice finance alternatives to Hydr are Kriya (Allica Bank), Sonovate, Ultimate Finance and Time Finance, compared here on advance rate, setup speed, minimum turnover and rating. More detail + scope
Summary
Hydr is benchmarked against 4 UK invoice finance alternatives: Kriya (Allica Bank), Sonovate, Ultimate Finance and Time 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.
This page covers
UK invoice finance alternatives to Hydr, 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/)
Hydr vs the 4 alternatives
| Hydr | Kriya (Allica Bank) | Sonovate | Ultimate Finance | Time Finance | |
|---|---|---|---|---|---|
| Product | Single-invoice finance (digital, selective) | Single-invoice finance, embedded finance | Recruitment-specialist invoice finance | Invoice finance (factoring, CID), bridging, asset finance | Invoice finance, asset finance, vehicle finance |
| Cluster | fintech | fintech | recruitment-specialist | independent | independent |
| Min turnover | No minimum | No minimum | No minimum | £100k | £250k |
| Advance rate | Up to 100% per invoice | Up to 100% per invoice | Up to 100% | Up to 90% | Up to 90% |
| Typical rate | Flat fee per invoice financed | 1% to 4% per invoice | 2% to 4% blended (funding + back-office) | 1.5% to 3.5% service charge | 1.5% to 3% service charge |
| Setup speed | Same day to 1 working day | 1 working day | 2 working days | 3 working days | 7 working days |
| Rating | 4.2 | 4.5 | 4.6 | 4.3 | 4.1 |
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
Sonovate
2 working days · Up to 100%The largest UK recruitment-specialist invoice finance platform, with £4.2bn funded across 3,300+ clients (company-reported). Combines funding with back-office services (invoicing, credit control, payroll). 100% advance a
Ultimate Finance
3 working days · Up to 90%One of the fastest mainstream UK invoice finance setups we track, 3 working days typical. Owned by Tavistock Group. Strong on SME accessibility, flexible underwriting, and broader product set (also asset finance + bridgi
Time Finance
7 working days · Up to 90%AIM-listed UK independent specialist lender whose gross lending book passed £250m in 2026 (company RNS). Multi-product (IF + asset + loans). Mid-market SME focus. Mid-cost mid-speed mainstream choice. Strong panel for B2
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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.
Last reviewed: 27 May 2026