{"schema_version":"2026-05-24","source":"https://marketinvoice.co.uk/data/uk-invoice-finance-rate-index/","license":"https://creativecommons.org/licenses/by/4.0/","count":5,"providers":[{"slug":"iwoca","name":"iwoca","legal_name":"Iwoca Ltd","company_number":"07798925","founded_year":2011,"homepage":"https://www.iwoca.co.uk/","profile_url":"https://marketinvoice.co.uk/providers/iwoca/","product_type":"Flexi-loan and revolving credit (not invoice finance)","cluster":"fintech","minimum_turnover":"No fixed minimum","advance_rate":"N/A (credit line, not advance against ledger)","typical_rate":"Rates starting at 1.5% per 30 days on drawn balance","setup_speed":"24 hours (approval)","confidential_invoice_discounting":false,"factoring":false,"rating":{"overall":4.3,"transparency":5,"speed":5,"flexibility":5},"summary":"A major UK fintech SME lender offering a flexible revolving credit line (Flexi-Loan) rather than invoice finance. Businesses often compare iwoca with invoice finance because both solve short-term cash flow, but iwoca lends against the business, not the sales ledger, with same-day decisions and no debtor notification.","pros":["Same-day decisions and fast drawdown.","No factoring of the ledger and no customer notification.","Draw and repay flexibly; interest only on what is used.","Strong fit when there are few or large single debtors."],"cons":["Not invoice finance: it lends against the business, not invoices.","Monthly interest can exceed invoice finance for sustained borrowing.","Facility size capped lower than a whole-ledger IF limit."],"best_for":["Businesses with few invoices","Fast one-off cash flow gaps","Owners who want no debtor contact"],"weak_at":["High-volume sales ledgers better suited to factoring","Lowest-cost long-term funding"],"last_reviewed":"2026-05-27","wikidata":"Q24907325","companies_house":{"registered_name":"IWOCA LTD","status":"active","incorporated":"2011-10-05","source":"https://find-and-update.company-information.service.gov.uk/company/07798925"}},{"slug":"funding-circle","name":"Funding Circle","legal_name":"Funding Circle Ltd","company_number":"06968588","founded_year":2010,"homepage":"https://www.fundingcircle.com/uk/","profile_url":"https://marketinvoice.co.uk/providers/funding-circle/","product_type":"Business term loans and FlexiPay (not invoice finance)","cluster":"fintech","minimum_turnover":"No fixed minimum","advance_rate":"N/A (term loan, not advance against ledger)","typical_rate":"Rates starting at 6.9% per year (business loans)","setup_speed":"48 hours (funds, after acceptance)","confidential_invoice_discounting":false,"factoring":false,"rating":{"overall":4.2,"transparency":5,"speed":4,"flexibility":4},"summary":"One of the largest UK SME lending platforms, offering fixed-term business loans and a FlexiPay line of credit rather than invoice finance. Often shortlisted alongside invoice finance for growth funding, but the product is a fixed-term business loan (£10,000 to £750,000 over up to 6 years, per Funding Circle) repaid in fixed instalments, not an advance against unpaid invoices.","pros":["Established large-scale UK SME lending platform.","Fixed repayments make budgeting predictable.","No debtor notification and no ledger management.","Fast online application and decisioning."],"cons":["Not invoice finance: a term loan, not a ledger advance.","Funding does not scale automatically with sales.","May require a personal guarantee."],"best_for":["One-off growth or capital projects","Predictable fixed-repayment borrowers","Businesses without a strong sales ledger"],"weak_at":["Funding that flexes with turnover","Advancing cash against unpaid invoices"],"last_reviewed":"2026-06-24","wikidata":"Q5509934","companies_house":{"registered_name":"FUNDING CIRCLE LTD","status":"active","incorporated":"2009-07-21","source":"https://find-and-update.company-information.service.gov.uk/company/06968588"},"fca":{"frn":"722513","status":"Authorised","registered_name":"Funding Circle Ltd","source":"https://register.fca.org.uk/services/V0.1/Firm/722513"}},{"slug":"swoop-funding","name":"Swoop Funding","legal_name":"Swoop Finance Ltd","homepage":"https://swoopfunding.com/uk/","profile_url":"https://marketinvoice.co.uk/providers/swoop-funding/","product_type":"Funding marketplace (loans, grants, invoice finance)","cluster":"fintech","minimum_turnover":"£30k","advance_rate":"Up to 95% (funder dependent)","typical_rate":"Funder rates via marketplace matching","setup_speed":"48 hours (payment after invoice submitted)","confidential_invoice_discounting":true,"factoring":true,"rating":{"overall":4,"transparency":4,"speed":4,"flexibility":5},"summary":"A UK business funding marketplace that matches companies to loans, grants, equity and invoice finance across a wide funder panel. Swoop is a platform and broker rather than a lender, useful for owners who want to compare invoice finance against other funding routes in one place.","pros":["Marketplace comparing invoice finance against loans, grants and equity.","Wide funder panel and digital onboarding.","Single profile reused across multiple funding types.","Good for owners weighing several funding options."],"cons":["A marketplace and broker, not a direct lender.","Final terms and speed depend on the matched funder.","Breadth means less invoice-finance depth than a specialist."],"best_for":["Owners comparing funding types","Businesses also exploring grants or equity","Digital-first applicants"],"weak_at":["Direct-lender relationship seekers","Deep single-product specialism"],"last_reviewed":"2026-05-27"},{"slug":"capitalise","name":"Capitalise","legal_name":"Capitalise.com Ltd","homepage":"https://capitalise.com/","profile_url":"https://marketinvoice.co.uk/providers/capitalise/","product_type":"Funding platform via accountants (broker)","cluster":"fintech","minimum_turnover":"Varies by funder","advance_rate":"Up to 90% (funder dependent)","typical_rate":"Funder rates via platform matching","setup_speed":"24 to 48 hours from approval (selective)","confidential_invoice_discounting":true,"factoring":true,"rating":{"overall":4,"transparency":4,"speed":4,"flexibility":4},"summary":"A UK funding platform that connects businesses to invoice finance and other lenders, usually through their accountant, plus debtor monitoring and credit tools. Capitalise is a marketplace and broker rather than a lender, with a distinctive accountant-led distribution model.","pros":["Accountant-led funding platform with a large lender panel.","Adds debtor monitoring and company credit tools.","Routes invoice finance alongside loans and asset finance.","Strong fit when your accountant manages the process."],"cons":["A platform and broker, not a direct lender.","Best accessed via a partner accountant.","Terms and underwriting set by the matched funder."],"best_for":["Businesses whose accountant arranges funding","Owners wanting credit monitoring too","Comparison-led buyers"],"weak_at":["Direct-to-lender applicants","Those without an accountant in the loop"],"last_reviewed":"2026-05-27"},{"slug":"hydr","name":"Hydr","legal_name":"HN Flow Ltd, trading as Hydr","homepage":"https://hydr.co.uk/","profile_url":"https://marketinvoice.co.uk/providers/hydr/","product_type":"Single-invoice finance (digital, selective)","cluster":"fintech","minimum_turnover":"Not published","advance_rate":"Up to 100% per invoice","typical_rate":"Flat fee per invoice financed","setup_speed":"Same day to 1 working day","confidential_invoice_discounting":true,"factoring":false,"rating":{"overall":4.2,"transparency":5,"speed":5,"flexibility":5},"summary":"A Manchester-based fintech offering fully digital single-invoice finance with same-day onboarding and a flat transparent fee per invoice. Hydr integrates with accounting software and suits smaller businesses that want to finance selected invoices without a whole-ledger contract.","pros":["Transparent flat fee per invoice, no whole-book contract.","Same-day digital onboarding.","Integrates with Xero and other accounting platforms.","Finance the invoices you choose, one at a time."],"cons":["Selective single-invoice model, not whole-ledger factoring.","Per-invoice fees can add up for high-volume users.","Newer, smaller funder than incumbents."],"best_for":["Selective single-invoice finance","Smaller and early-stage businesses","Xero-driven workflows"],"weak_at":["High-volume whole-ledger users","Relationship-led incumbent preference"],"last_reviewed":"2026-05-27"}]}