Funding Circle vs Kriya (Allica Bank): UK Invoice Finance Comparison 2026
Kriya (Allica Bank) edges this one in our 2026 UK review at 4.5 of 5 against 4.2 for Funding Circle. 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. Funding Circle advances n/a (term loan, not advance against ledger) with setup in decision within 1 to 2 working days; Kriya (Allica Bank) advances up to 100% per invoice with setup in 1 working day. Funding Circle still wins where one-off growth or capital projects 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
| Funding Circle | Kriya (Allica Bank) | |
|---|---|---|
| Cluster | fintech | fintech |
| Product type | Business term loans and FlexiPay (not invoice finance) | Single-invoice finance, embedded finance |
| Min turnover | No fixed minimum | No minimum |
| Advance rate | N/A (term loan, not advance against ledger) | Up to 100% per invoice |
| Typical fee | Fixed term-loan APR by risk band | 1% to 4% per invoice |
| Contract / commitment | Factoring only | Confidential discounting |
| Confidential available? | No | Yes |
| Factoring available? | No | No |
| Setup speed | Decision within 1 to 2 working days | 1 working day |
| Best for | One-off growth or capital projects; Predictable fixed-repayment borrowers; Businesses without a strong sales ledger | Single-invoice selective need; Startup and micro-business; API-driven workflows |
| Overall rating | 4.2 / 5 | 4.5 / 5 |
| Last reviewed | 2026-05-27 | 2026-05-12 |
When Funding Circle wins
- Established large-scale UK SME lending platform.
- Fixed repayments make budgeting predictable.
- No debtor notification and no ledger management.
- Fast online application and decisioning.
Best for
One-off growth or capital projects, Predictable fixed-repayment borrowers, Businesses without a strong sales ledger.
Watch outs
- Not invoice finance: a term loan, not a ledger advance.
- Funding does not scale automatically with sales.
- May require a personal guarantee.
When Kriya (Allica Bank) wins
- Pay-per-invoice model, no whole-book commitment.
- Setup in 1 working day, fastest in market.
- API-first integrations with Xero, QuickBooks, Sage.
- Allica Bank backing post-acquisition Oct 2025.
Best for
Single-invoice selective need, Startup and micro-business, API-driven workflows.
Watch outs
- Cost-per-invoice can exceed whole-ledger facility for high-volume users.
- Not suitable for businesses wanting committed whole-book limit.
- Limited human relationship vs incumbent IF lenders.
FAQ
Funding Circle or Kriya (Allica Bank): which is the better UK invoice finance provider in 2026?
Kriya (Allica Bank) scores higher overall in our 2026 review at 4.5 of 5 versus 4.2 for Funding Circle. That headline does not settle the answer though. Funding Circle is the stronger pick for one-off growth or capital projects; Kriya (Allica Bank) is the stronger pick for single-invoice selective need. If your business fits one of those use cases, ignore the rating and pick the right fit.
What are the headline commercials, Funding Circle vs Kriya (Allica Bank)?
Funding Circle advances n/a (term loan, not advance against ledger) at fixed term-loan apr by risk band. Kriya (Allica Bank) advances up to 100% per invoice at 1% to 4% per invoice. Minimum turnover is No fixed minimum for Funding Circle and No minimum for Kriya (Allica Bank). Setup runs decision within 1 to 2 working days for Funding Circle and 1 working day for Kriya (Allica Bank). Bespoke pricing is common above £1m ledger so verify before signing.
Can I get a confidential facility with either Funding Circle or Kriya (Allica Bank)?
Funding Circle does not run a confidential discounting product; the facility is disclosed factoring only. Kriya (Allica Bank) 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?
Funding Circle is the wrong fit for funding that flexes with turnover. Kriya (Allica Bank) is the wrong fit for high-volume whole-ledger users. 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 Funding Circle and Kriya (Allica Bank)?
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).