Novuna Business Finance Review
Novuna Business Finance (formerly Hitachi Capital) offers invoice factoring and discounting from 0.7% service charge with advance rates up to 90%, for UK businesses with turnover from £100,000. Backed by Mitsubishi UFJ, one of the world's largest financial groups, they provide the security of major international banking support with a UK-focused service team.
Key Facts
Service charge from0.7%
Advance rateUp to 90%
Setup speed7 days
Min turnover£100,000
Our rating4.3/5
FormerlyHitachi Capital
Pros and Cons
Strengths
- Backed by one of world's largest financial groups
- Competitive rates (from 0.7%)
- Strong technology platform
- Combined with asset finance and vehicle finance
- Good for businesses needing multiple finance products
Limitations
- Higher minimum turnover (£100k)
- Brand less well-known since Hitachi rebrand
- Can be more rigid on terms than independents
Our Verdict
Novuna is a solid mid-market option backed by serious financial muscle. If you need multiple finance products (invoice finance plus asset finance or vehicle finance), their combined offering is convenient. The Hitachi-to-Novuna rebrand has caused some brand confusion, but the underlying service and financial backing remain strong.