Alternatives to Sonovate

4 UK invoice finance alternatives to Sonovate, compared on advance rate, setup speed, transparency, minimum turnover and best-fit.

The leading UK invoice finance alternatives to Sonovate are Kriya (Allica Bank), Bibby Financial Services, Aldermore Invoice Finance and Time Finance, compared here on advance rate, setup speed, minimum turnover and rating.

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Summary

Sonovate is benchmarked against 4 UK invoice finance alternatives: Kriya (Allica Bank), Bibby Financial Services, Aldermore Invoice 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 Sonovate, 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/)

Sonovate vs the 4 alternatives

Sonovate compared with 4 alternatives, last reviewed 2026-05-12
	Sonovate	Kriya (Allica Bank)	Bibby Financial Services	Aldermore Invoice Finance	Time Finance
Product	Recruitment-specialist invoice finance	Single-invoice finance, embedded finance	Invoice finance (factoring, CID, ABL)	Invoice finance (Receivables Finance, factoring, CID)	Invoice finance, asset finance, vehicle finance
Cluster	recruitment-specialist	fintech	independent	independent	independent
Min turnover	No minimum	No minimum	£100k	£250k	£250k
Advance rate	Up to 100%	Up to 100% per invoice	Up to 90%	Up to 90%	Up to 90%
Typical rate	2% to 4% blended (funding + back-office)	1% to 4% per invoice	0.5% to 3% service charge plus discount margin	1% to 2.5% service charge	1.5% to 3% service charge
Setup speed	2 working days	1 working day	5 working days	7 working days	7 working days
Rating	4.6	4.5	4.4	4.2	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.

Bibby Financial Services

5 working days · Up to 90%

The largest UK independent invoice finance provider by volume, family-owned, 40+ years in market. Strong on sector breadth (construction, recruitment, manufacturing, wholesale) and SME accessibility. Setup typically 5 wo

Best for: Construction subcontractors, Recruitment agencies.

Aldermore Invoice Finance

7 working days · Up to 90%

Challenger bank with a dedicated invoice finance arm, relaunched as Receivables Finance in 2025 with Growth Guarantee Scheme accreditation. Mid-cost mid-speed mainstream choice. Bibby acquired Aldermore Working Capital F

Best for: £250k-£5m turnover Ltd companies, Cross-product banking relationship 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: 12 May 2026