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.

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UK invoice finance alternatives to Hydr, compared on product type, minimum turnover, advance rate, typical rate, setup speed and rating

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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 compared with 4 alternatives, last reviewed 2026-05-27
	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 invoice

Fintech 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

Best for: Single-invoice selective need, Startup and micro-business.

Sonovate

2 working days · Up to 100%

UK market leader in recruitment-specialist invoice finance, £4.2bn funded across 3,300+ clients. Combines funding with back-office services (invoicing, credit control, payroll). 100% advance available with no PG common.

Best for: UK recruitment agencies, Startup recruiters.

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

Best for: SME urgent setup, Multi-product facility seekers.

Time Finance

7 working days · Up to 90%

AIM-listed UK independent specialist lender, £150m funded annually. Multi-product (IF + asset + loans). Mid-market SME focus. Mid-cost mid-speed mainstream choice. Strong panel for B2B service businesses, light industria

Best for: SME service businesses, Multi-product facility seekers.

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Oliver Mackman

Director, Market Invoice

Oliver leads Market Invoice's editorial and comparison research. With a background in UK commercial finance, he oversees provider analysis, rate verification, and industry reporting across all verticals.

Last reviewed: 27 May 2026