Capitalise vs iwoca: UK Business Finance Comparison 2026
These are different products rather than like-for-like invoice finance rivals: Capitalise is funding platform via accountants (broker), while iwoca is flexi-loan and revolving credit (not invoice finance). UK businesses still weigh them side by side, so the real question is which job you need doing, not which is the better invoice finance line. Capitalise is funding platform via accountants (broker), typically set up in 3 to 10 working days; iwoca is flexi-loan and revolving credit (not invoice finance), typically set up in same day to 1 working day. Capitalise has no single minimum; each panel funder sets its own, iwoca has no fixed minimum turnover. Read the side-by-side below, then jump to the "when X wins" sections.
Side-by-side
Full reviews: Capitalise · iwoca
| Capitalise | iwoca | |
|---|---|---|
| Product type | Funding platform via accountants (broker) | Flexi-loan and revolving credit (not invoice finance) |
| Min turnover | No single minimum; each panel funder sets its own | 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 | Not a direct invoice finance facility | Not a direct invoice finance facility |
| Confidential available? | N/A | N/A |
| Factoring available? | N/A | N/A |
| Setup speed | 3 to 10 working days | Same day to 1 working day |
| 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 fits your business in 2026?
They do different jobs: Capitalise is funding platform via accountants (broker), iwoca is flexi-loan and revolving credit (not invoice finance), so pick by the job you need doing. Capitalise is the stronger fit for businesses whose accountant arranges funding; iwoca fits businesses with few invoices better. The "when X wins" sections above break this down by profile, and the commercials are covered in the next question.
What are the headline commercials, Capitalise vs iwoca?
Capitalise (funding platform via accountants (broker)) prices at funder rates via platform matching. iwoca (flexi-loan and revolving credit (not invoice finance)) prices at from around 2% per month on drawn balance. Capitalise has no single minimum; each panel funder sets its own, iwoca has no fixed minimum turnover. Setup runs 3 to 10 working days for Capitalise and same day to 1 working day for iwoca.
Can I get a confidential facility with either Capitalise or iwoca?
Capitalise is funding platform via accountants (broker), not an invoice finance facility, so confidential invoice discounting does not apply. iwoca is flexi-loan and revolving credit (not invoice finance), not an invoice finance facility, so confidential invoice discounting does not apply.
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. marketinvoice.co.uk is an independent comparison and introducer service operated by Best Business Loans Ltd (company 16833937), and is not tied to either provider. Share your turnover, sector and debtor profile and we will match you against UK invoice finance providers likely to approve, with no obligation to proceed.
Related
Sources
- Rates, advance percentages and product details checked against Capitalise's own site as of 2026-05-27.
- Rates, advance percentages and product details checked against iwoca's own site as of 2026-05-27.
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Get quotes →Reviewed by Oliver Mackman, Director, Best Business Loans Ltd. Last reviewed: 2026-05-27. Editorial by Best Business Loans Ltd (16833937).
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Disclosure: marketinvoice.co.uk is an independent invoice finance comparison and introducer service operated by Best Business Loans Ltd (company number 16833937). It is a separate business and is not connected to MarketFinance / Kriya or to any provider named on this page. If you take out a facility after we introduce you to a lender or broker, we may be paid a commission or referral fee by that party; this is never added to your costs. Invoice finance for limited companies is not a regulated activity, so this comparison is general information rather than regulated financial advice. Figures are indicative; larger facilities are commonly priced bespoke, so confirm terms directly with the provider before you sign.