Funding Circle vs Kriya (Allica Bank): UK Invoice Finance Comparison 2026
These are different products rather than like-for-like invoice finance rivals: Funding Circle is business term loans and flexipay (not invoice finance), while Kriya (Allica Bank) is 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. Funding Circle advances n/a (term loan, not advance against ledger) with setup typically 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 has no fixed minimum turnover, Kriya (Allica Bank) has no minimum turnover. Read the side-by-side below, then jump to the "when X wins" sections.
Side-by-side
Full reviews: Funding Circle · Kriya (Allica Bank)
| Funding Circle | Kriya (Allica Bank) | |
|---|---|---|
| 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 | Not a direct invoice finance facility | Confidential discounting |
| Confidential available? | N/A | Yes |
| Factoring available? | N/A | 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 |
| Last reviewed | 2026-06-24 | 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 fit for UK invoice finance in 2026?
Funding Circle is the stronger fit for one-off growth or capital projects (no minimum turnover, setup decision within 1 to 2 working days); Kriya (Allica Bank) fits single-invoice selective need better (no minimum turnover, setup 1 working day). The "when X wins" sections above break this down by profile.
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. Funding Circle has no fixed minimum turnover, Kriya (Allica Bank) has no minimum turnover. 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 is business term loans and flexipay (not invoice finance), not an invoice finance facility, so confidential invoice discounting does not apply. Kriya (Allica Bank) offers confidential invoice discounting (your customers are not notified).
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. 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.
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Get quotes →Reviewed by Oliver Mackman, Director, Best Business Loans Ltd. Last reviewed: 2026-06-24. 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 and commonly negotiated above ~£1m ledger, so confirm terms directly with the provider before you sign.