Aldermore Invoice Finance vs Novuna Business Finance: UK Invoice Finance Comparison 2026
Aldermore Invoice Finance and Novuna Business Finance both score 4.2 of 5 in our 2026 UK review. Both are UK independent invoice finance providers, freer than banks on covenants and faster on decisioning. The difference is sector specialism, headline rate and minimum turnover floor. Aldermore Invoice Finance advances up to 90% with setup typically in 7 working days; Novuna Business Finance advances up to 90% with setup in 7 working days. Minimum turnover sits at £250k for Aldermore Invoice Finance and £500k for Novuna Business Finance. The right answer depends on your sector, ledger size and how soon you need the line live. Read the side-by-side below, then jump to the "when X wins" sections.
Side-by-side
| Aldermore Invoice Finance | Novuna Business Finance | |
|---|---|---|
| Cluster | independent | independent |
| Product type | Invoice finance (Receivables Finance, factoring, CID) | Invoice finance, asset finance, vehicle finance |
| Min turnover | £250k | £500k |
| Advance rate | Up to 90% | Up to 90% |
| Typical fee | 1% to 2.5% service charge | 1% to 2.5% service charge |
| Contract / commitment | Whole-ledger or selective | Whole-ledger or selective |
| Confidential available? | Yes | Yes |
| Factoring available? | Yes | Yes |
| Setup speed | 7 working days | 7 working days |
| Best for | £250k-£5m turnover Ltd companies; Cross-product banking relationship seekers; Growth Guarantee eligible | £500k-£10m turnover Ltd companies; Cross-product (IF + asset) facility seekers; Stable mid-market funders |
| Overall rating | 4.2 / 5 | 4.2 / 5 |
| Last reviewed | 2026-05-12 | 2026-05-12 |
When Aldermore Invoice Finance wins
- Challenger bank stability with independent-style speed.
- Growth Guarantee Scheme accredited (Aug 2025).
- New Receivables Finance product widens eligibility.
- Sector breadth: manufacturing, wholesale, business services.
Best for
£250k-£5m turnover Ltd companies, Cross-product banking relationship seekers, Growth Guarantee eligible.
Watch outs
- Setup 7 days, slower than Ultimate or Bibby.
- Service charge above Close Brothers headline.
- Less specialist than Sonovate for recruitment.
When Novuna Business Finance wins
- Mitsubishi-backed balance sheet stability.
- Multi-product cross-sell (IF + asset + vehicle).
- Mid-market panel relationships strong.
- Established 1981, deep UK presence.
Best for
£500k-£10m turnover Ltd companies, Cross-product (IF + asset) facility seekers, Stable mid-market funders.
Watch outs
- Pricing not aggressively published.
- Slower decisioning than fintech.
- Less competitive on £100k-£500k turnover SME.
FAQ
Aldermore Invoice Finance or Novuna Business Finance: which is the better UK invoice finance provider in 2026?
Aldermore Invoice Finance scores higher overall in our 2026 review at 4.2 of 5 versus 4.2 for Novuna Business Finance. That headline does not settle the answer though. Aldermore Invoice Finance is the stronger pick for £250k-£5m turnover ltd companies; Novuna Business Finance is the stronger pick for £500k-£10m turnover ltd companies. If your business fits one of those use cases, ignore the rating and pick the right fit.
What are the headline commercials, Aldermore Invoice Finance vs Novuna Business Finance?
Aldermore Invoice Finance advances up to 90% at 1% to 2.5% service charge. Novuna Business Finance advances up to 90% at 1% to 2.5% service charge. Minimum turnover is £250k for Aldermore Invoice Finance and £500k for Novuna Business Finance. Setup runs 7 working days for Aldermore Invoice Finance and 7 working days for Novuna Business Finance. Bespoke pricing is common above £1m ledger so verify before signing.
Can I get a confidential facility with either Aldermore Invoice Finance or Novuna Business Finance?
Aldermore Invoice Finance offers confidential invoice discounting (your customers are not notified). Novuna Business Finance offers confidential invoice discounting. If your customer relationships make disclosure a non-starter, that determines the answer regardless of headline rate.
Where does each one struggle?
Aldermore Invoice Finance is the wrong fit for sub-£250k turnover. Novuna Business Finance is the wrong fit for lowest-cost seekers. If either describes your business, browse the side-by-side or get matched against the wider UK panel via our quote form.
Can Market Invoice help me choose between Aldermore Invoice Finance and Novuna Business Finance?
Yes. We are an independent UK invoice finance comparison operated by Best Business Loans Ltd (16833937). We are not tied to either provider. Tell us monthly turnover, sector, debtor profile and whether you need the facility confidential. We match you against the UK invoice finance providers most likely to approve at a competitive rate, then stay your editorial reference for life.
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Get quotes →Reviewed by Oliver Mackman, Director. Last reviewed: 2026-05-12. Editorial by Best Business Loans Ltd (16833937).