Capitalise vs iwoca: UK Invoice Finance Comparison 2026
iwoca edges this one in our 2026 UK review at 4.3 of 5 against 4.0 for Capitalise. Both are UK fintech invoice finance platforms. The difference is selective per-invoice vs whole-ledger, integration depth and how the pricing scales with usage. Capitalise advances up to 90% (funder dependent) with setup in 3 to 10 working days; iwoca advances n/a (credit line, not advance against ledger) with setup in same day to 1 working day. Capitalise still wins where businesses whose accountant arranges funding matters more than the headline score. Read the side-by-side, then check the "when X wins" sections for the buyer-fit logic.
Side-by-side
| Capitalise | iwoca | |
|---|---|---|
| Cluster | fintech | fintech |
| Product type | Funding platform via accountants (broker) | Flexi-loan and revolving credit (not invoice finance) |
| Min turnover | Varies by funder | No fixed minimum |
| Advance rate | Up to 90% (funder dependent) | N/A (credit line, not advance against ledger) |
| Typical fee | Funder rates via platform matching | From around 2% per month on drawn balance |
| Contract / commitment | Whole-ledger or selective | Factoring only |
| Confidential available? | Yes | No |
| Factoring available? | Yes | No |
| Setup speed | 3 to 10 working days | Same day to 1 working day |
| Best for | Businesses whose accountant arranges funding; Owners wanting credit monitoring too; Comparison-led buyers | Businesses with few invoices; Fast one-off cash flow gaps; Owners who want no debtor contact |
| Overall rating | 4.0 / 5 | 4.3 / 5 |
| Last reviewed | 2026-05-27 | 2026-05-27 |
When Capitalise wins
- 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.
Best for
Businesses whose accountant arranges funding, Owners wanting credit monitoring too, Comparison-led buyers.
Watch outs
- A platform and broker, not a direct lender.
- Best accessed via a partner accountant.
- Terms and underwriting set by the matched funder.
When iwoca wins
- 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.
Best for
Businesses with few invoices, Fast one-off cash flow gaps, Owners who want no debtor contact.
Watch outs
- 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.
FAQ
Capitalise or iwoca: which is the better UK invoice finance provider in 2026?
iwoca scores higher overall in our 2026 review at 4.3 of 5 versus 4.0 for Capitalise. That headline does not settle the answer though. Capitalise is the stronger pick for businesses whose accountant arranges funding; iwoca is the stronger pick for businesses with few invoices. If your business fits one of those use cases, ignore the rating and pick the right fit.
What are the headline commercials, Capitalise vs iwoca?
Capitalise advances up to 90% (funder dependent) at funder rates via platform matching. iwoca advances n/a (credit line, not advance against ledger) at from around 2% per month on drawn balance. Minimum turnover is Varies by funder for Capitalise and No fixed minimum for iwoca. Setup runs 3 to 10 working days for Capitalise and same day to 1 working day for iwoca. Bespoke pricing is common above £1m ledger so verify before signing.
Can I get a confidential facility with either Capitalise or iwoca?
Capitalise offers confidential invoice discounting (your customers are not notified). iwoca does not offer confidential discounting. If your customer relationships make disclosure a non-starter, that determines the answer regardless of headline rate.
Where does each one struggle?
Capitalise is the wrong fit for direct-to-lender applicants. iwoca is the wrong fit for high-volume sales ledgers better suited to factoring. 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 Capitalise and iwoca?
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: 2026-05-27. Editorial by Best Business Loans Ltd (16833937).