Alternatives to Hydr
The main UK invoice finance alternatives to Hydr are Sonovate, Ultimate Finance and Time Finance, compared below on product type, minimum turnover, advance rate, typical fee, setup speed and our overall rating.
Pick the alternative that fixes whatever Hydr 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 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
| 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 |
| Cluster | fintech | recruitment-specialist | independent | independent |
| Min turnover | No minimum | No minimum | Not published | £250k |
| Advance rate | Up to 100% per invoice | Up to 100% | Up to 95% | Up to 90% |
| Typical rate | Flat fee per invoice financed | 2% to 4% blended (funding + back-office) | Quoted per facility (not published) | Not published (quoted per facility) |
| Setup speed | Same day to 1 working day | 2 working days | Within one week (up to 5 working days) | 7 working days |
| Rating | 4.2 | 4.6 | 4.3 | 4.1 |
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).
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.
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).
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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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