{"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":6,"providers":[{"slug":"kriya","name":"Kriya (Allica Bank)","legal_name":"Kriya Limited","company_number":"07378041","founded_year":2018,"homepage":"https://kriya.co/","profile_url":"https://marketinvoice.co.uk/providers/kriya/","product_type":"Single-invoice finance, embedded finance","cluster":"fintech","minimum_turnover":"No minimum","advance_rate":"Up to 100% per invoice","typical_rate":"1% to 4% per invoice","setup_speed":"1 working day","confidential_invoice_discounting":true,"factoring":false,"rating":{"overall":4.5,"transparency":5,"speed":5,"flexibility":5},"summary":"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 integrations with accounting platforms.","pros":["Pay-per-invoice model, no whole-book commitment.","Setup in 1 working day, fastest in market.","API-first integrations with Xero, QuickBooks, Sage.","Allica Bank backing post-acquisition Oct 2025.","No contract; finance per invoice as needed."],"cons":["Cost-per-invoice can exceed whole-ledger facility for high-volume users.","Not suitable for businesses wanting committed whole-book limit.","Limited human relationship vs incumbent IF lenders."],"best_for":["Single-invoice selective need","Startup and micro-business","API-driven workflows"],"weak_at":["High-volume whole-ledger users","Relationship-led incumbents preference"],"last_reviewed":"2026-05-12","wikidata":"Q16997376","companies_house":{"registered_name":"KRIYA LIMITED","status":"active","incorporated":"2010-09-16","source":"https://find-and-update.company-information.service.gov.uk/company/07378041"}},{"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":"From around 2% per month on drawn balance","setup_speed":"Same day to 1 working day","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":"Fixed term-loan APR by risk band","setup_speed":"Decision within 1 to 2 working days","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 an unsecured or partially secured term loan 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":"2026-05-27","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":"Varies by funder","advance_rate":"Up to 90% (funder dependent)","typical_rate":"Funder rates via marketplace matching","setup_speed":"3 to 10 working days","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":"3 to 10 working days","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":"Hydr Ltd","homepage":"https://hydr.co.uk/","profile_url":"https://marketinvoice.co.uk/providers/hydr/","product_type":"Single-invoice finance (digital, selective)","cluster":"fintech","minimum_turnover":"No minimum","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.","No minimum turnover; finance invoices selectively."],"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"}]}