Hydr vs iwoca: UK Invoice Finance Comparison 2026
See how Hydr compares to iwoca side by side, then get three tailored quotes to weigh alongside them. Free, no obligation, and nothing to pay if you decide not to proceed.
Start here: what fits your business?
These are different products rather than like-for-like invoice finance rivals (Hydr: invoice finance; iwoca: 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. Hydr advances up to 100% per invoice, setup time not published; iwoca typically takes 24 hours (approval) to set up. Neither publishes a minimum turnover.
Side-by-side
| Compared on | Hydr | iwoca |
|---|---|---|
| Product type | Single-invoice finance (digital, selective) | Flexi-loan and revolving credit (not invoice finance) |
| Min turnover | Not published | Not published |
| Advance rate | Up to 100% per invoice | N/A (credit line, not advance against ledger) |
| Typical fee | Flat fee per invoice financed | Rates starting at 1.5% per 30 days on drawn balance |
| Confidential available? | No | N/A |
| Factoring available? | Yes | N/A |
| Setup speed | Not published | 24 hours (approval) |
Sources for these figures: Hydr: 100% advance, fixed fee per invoice, onboarding under 10 minutes · Hydr: sign-up "takes less than 10 minutes"; "Paid within as little as 24 hours" · iwoca: rates from 1.5% per 30 days, approval within 24 hours · iwoca: founding date
When Hydr wins
- Sign-up takes under 10 minutes, by Hydr's account.
- Paid within as little as 24 hours, by Hydr's account.
- Integrates with Xero and other accounting platforms.
- Finance the invoices you choose, one at a time.
Best for
Selective single-invoice finance, Smaller and early-stage businesses, Xero-driven workflows.
Watch outs
- Selective single-invoice model, not whole-ledger factoring.
- Per-invoice fees can add up for high-volume users.
When iwoca wins
- Decision in 24 hours in almost all cases, by iwoca's account.
- 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.
FAQ
Hydr or iwoca: which fits your business in 2026?
They do different jobs (see the product types above), so pick by the job you need doing.
How do Hydr and iwoca price their facilities?
Pricing: Hydr, flat fee per invoice financed; iwoca, rates starting at 1.5% per 30 days on drawn balance. Get a written quote from each on the same invoices and compare the total cost.
Can I get a confidential facility with either Hydr or iwoca?
Hydr does not run a confidential discounting product; the facility is disclosed factoring only. iwoca is not an invoice finance facility, so confidential invoice discounting does not apply.
Who is each one not suited to?
Hydr is a poor fit for high-volume whole-ledger users. iwoca is a poor fit for high-volume sales ledgers better suited to factoring. If that describes your business, you can get free quotes through our quote form.
Can Market Invoice help me choose between Hydr 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 pass your details to one or more of the finance partners we work with, who come back to you with quotes, with no obligation to proceed.
Related
Sources
- Figures for Hydr come from its own website.
- Figures for iwoca come from its own website.
- Hydr: 100% advance, fixed fee per invoice, onboarding under 10 minutes
- Hydr: sign-up "takes less than 10 minutes"; "Paid within as little as 24 hours"
- iwoca: rates from 1.5% per 30 days, approval within 24 hours
- iwoca: founding date
Get free quotes
Tell us monthly turnover, sector, debtor profile and whether the facility needs to be confidential. We pass your details to one or more of the finance partners we work with, who come back to you with quotes. Free, and no obligation to proceed.
Get my quotes →Best Business Loans Ltd (16833937), directed by Oliver Mackman, owns and operates Market Invoice. Last updated: .
Compare Hydr and iwoca quotes
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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.
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 Kriya, Allica Bank or to any provider named on this page. 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. 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.