Aldermore vs MarketInvoice
Aldermore and MarketInvoice are not the same kind of business. Aldermore is a UK challenger bank. It lends invoice finance directly to businesses with at least £750,000 turnover. It says it is accredited to offer the Growth Guarantee Scheme. MarketInvoice is a comparison site run by Best Business Loans Ltd. It is not a lender. We review and compare UK invoice finance providers, including Aldermore, and you can go to any of them direct. If you ask us for quotes, we pass your details to one or more of the finance partners we work with, who come back to you with quotes. If you know Aldermore is right and you meet its £750k minimum, apply direct.
Official site: Aldermore
Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd
Adam was managing director of Penny, a UK invoice finance business, from July 2020 to November 2023. His career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library. Career record.
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At a glance
| Aldermore | MarketInvoice | |
|---|---|---|
| What it is | UK challenger bank, direct invoice finance lender | Comparison site; enquiries go to the finance partners we work with |
| Minimum turnover | £750,000 | Not a lender, so none. Each provider sets its own |
| Advance rate | Up to 90% | Not a lender. See our provider reviews for published rates |
| Service charge | Not published | You pay MarketInvoice nothing |
| Setup speed | A few days to a few weeks | Quotes via the finance partners we work with; timing not published |
| Confidential discounting | Yes (Aldermore says discounting can be completely confidential) | Not a lender. Our provider reviews show who offers it |
| Selective / spot factoring | Not listed on its invoice finance page | Not a lender. Our provider reviews show who offers it |
| Regulator | FCA + PRA (UK bank) | Introducer (not a lender) |
| Ownership | FirstRand Limited (South Africa) | Best Business Loans Ltd (16833937) |
View as plain-text Markdown
### Aldermore vs MarketInvoice: at a glance | | Aldermore | MarketInvoice | | --- | --- | --- | | What it is | UK challenger bank, direct invoice finance lender | Comparison site; enquiries go to the finance partners we work with | | Minimum turnover | £750,000 | Not a lender, so none. Each provider sets its own | | Advance rate | Up to 90% | Not a lender. See our provider reviews for published rates | | Service charge | Not published | You pay MarketInvoice nothing | | Setup speed | A few days to a few weeks | Quotes via the finance partners we work with; timing not published | | Confidential discounting | Yes (Aldermore says discounting can be completely confidential) | Not a lender. Our provider reviews show who offers it | | Selective / spot factoring | Not listed on its invoice finance page | Not a lender. Our provider reviews show who offers it | | Regulator | FCA + PRA (UK bank) | Introducer (not a lender) | | Ownership | FirstRand Limited (South Africa) | Best Business Loans Ltd (16833937) |
When Aldermore wins
- You already meet the £750k turnover bar and want a single direct relationship with a regulated UK bank (FCA + PRA).
- You want to use the Growth Guarantee Scheme: Aldermore says it is accredited to offer it. The scheme is a government-backed partial guarantee for lenders.
- You want to cross-sell with asset finance or commercial mortgages: Aldermore offers all three under one bank.
- You want confidential discounting as the standard product rather than an add-on, from a bank-backed lender.
When MarketInvoice can help
- You are below the £750k turnover bar: Aldermore will not quote. Other providers to look at include Hydr and Bibby (no published minimum).
- You want to fund single invoices: Aldermore does not list single-invoice finance on its invoice finance page. Our provider reviews show which providers offer selective or spot factoring.
- You want to compare Aldermore with other providers before you commit: read our provider reviews and side-by-side pages, or get free quotes. We pass your details to one or more of the finance partners we work with, who come back to you with quotes.
- You have been declined by Aldermore: other providers set their own criteria. Our provider reviews set out what each one asks for.
What changed at Aldermore in 2023
Two things often get confused. In June 2023, Bibby Financial Services bought Aldermore's Working Capital Finance division. Aldermore itself, the bank, did not leave invoice finance. It still offers invoice finance under its own name, and it is a separate business from Bibby.
If Aldermore is not a fit
Other providers to look at include Close Brothers (FTSE 250 merchant bank, quotes per facility, £750k minimum turnover), Skipton Business Finance (owned by Skipton Building Society, no published rate, turnover from £100k), and Bibby Financial Services (one of Europe's largest independents by its own description, quotes per facility, sector-specialist teams). For smaller businesses, look at Ultimate Finance or Hydr. See the full list on alternatives to Aldermore.
Aldermore vs MarketInvoice FAQ
What is Aldermore's minimum turnover for invoice finance?
Aldermore asks for a minimum turnover of £750,000 for invoice finance (aldermore.co.uk, checked 1 November 2026). If you are below that, Aldermore will not quote. Other providers to look at include Hydr and Bibby, which publish no minimum turnover.
Did Aldermore stop offering invoice finance?
No. In June 2023 Bibby Financial Services bought Aldermore's Working Capital Finance division. Aldermore still offers invoice finance under its own name, as a separate business from Bibby. Aldermore says it is accredited to offer the Growth Guarantee Scheme.
Is MarketInvoice a lender like Aldermore?
No. Aldermore is a UK challenger bank regulated by the FCA and PRA that writes facilities directly. MarketInvoice is a comparison site run by Best Business Loans Ltd (16833937). It is not a lender and does not have a panel of lenders. We compare UK invoice finance providers, including Aldermore, on our pages. If you ask us for quotes, we pass your details to one or more of the finance partners we work with, who come back to you with quotes. You pay MarketInvoice nothing.
What does Aldermore charge for invoice finance?
Aldermore does not publish its fees. It quotes each facility on its own. It advances up to 90% and says setup takes from a few days to a few weeks. Ask Aldermore for a written proposal and compare it with quotes from other providers before you commit.
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How we make money: Market Invoice is an independent comparison service, not a lender. We may be paid by the finance partners we introduce you to. This could be a fee or commission, depending on the partner and the finance arranged. It does not change what you pay. How we are funded.