Alternatives to Funding Circle

4 UK invoice finance alternatives to Funding Circle, compared on advance rate, setup speed, transparency, minimum turnover and best-fit.

The leading UK invoice finance alternatives to Funding Circle are Kriya (Allica Bank), Hydr, Ultimate Finance and Bibby Financial Services, compared here on advance rate, setup speed, minimum turnover and rating. More detail + scope

Summary

Funding Circle is benchmarked against 4 UK invoice finance alternatives: Kriya (Allica Bank), Hydr, Ultimate Finance and Bibby Financial Services. Each is compared on product type, minimum turnover, advance rate, typical rate, setup speed and overall rating, so you can see which fits your turnover and how fast you need funding. MarketInvoice then matches you to the best-fit provider.

This page covers

UK invoice finance alternatives to Funding Circle, compared on product type, minimum turnover, advance rate, typical rate, setup speed and rating

Not covered here

In-depth single-provider reviews (see /providers/), head-to-head comparisons (see /vs/), general invoice finance education (see /guides/)

Funding Circle vs the 4 alternatives

Funding Circle compared with 4 alternatives, last reviewed 2026-05-27
	Funding Circle	Kriya (Allica Bank)	Hydr	Ultimate Finance	Bibby Financial Services
Product	Business term loans and FlexiPay (not invoice finance)	Single-invoice finance, embedded finance	Single-invoice finance (digital, selective)	Invoice finance (factoring, CID), bridging, asset finance	Invoice finance (factoring, CID, ABL)
Cluster	fintech	fintech	fintech	independent	independent
Min turnover	No fixed minimum	No minimum	No minimum	£100k	£100k
Advance rate	N/A (term loan, not advance against ledger)	Up to 100% per invoice	Up to 100% per invoice	Up to 90%	Up to 90%
Typical rate	Fixed term-loan APR by risk band	1% to 4% per invoice	Flat fee per invoice financed	1.5% to 3.5% service charge	0.5% to 3% service charge plus discount margin
Setup speed	Decision within 1 to 2 working days	1 working day	Same day to 1 working day	3 working days	5 working days
Rating	4.2	4.5	4.2	4.3	4.4

Kriya (Allica Bank)

1 working day · Up to 100% per invoice

Fintech invoice finance leader, £4bn+ processed, acquired by Allica Bank October 2025. Pure single-invoice (selective) model: pay per invoice financed, no whole-book commitment. Setup in 1 day. Embedded finance integrati

Best for: Single-invoice selective need, Startup and micro-business.

Hydr

Same day to 1 working day · Up to 100% per invoice

A Manchester-based fintech offering fully digital single-invoice finance with same-day onboarding and a flat transparent fee per invoice. Hydr integrates with accounting software and suits smaller businesses that want to

Best for: Selective single-invoice finance, Smaller and early-stage businesses.

Ultimate Finance

3 working days · Up to 90%

The fastest-setup mainstream UK invoice finance lender, 3 working days typical. Owned by Tavistock Group. Strong on SME accessibility, flexible underwriting, and broader product set (also asset finance + bridging). Servi

Best for: SME urgent setup, Multi-product facility seekers.

Bibby Financial Services

5 working days · Up to 90%

The largest UK independent invoice finance provider by volume, family-owned, 40+ years in market. Strong on sector breadth (construction, recruitment, manufacturing, wholesale) and SME accessibility. Setup typically 5 wo

Best for: Construction subcontractors, Recruitment agencies.

Match me to a UK invoice finance provider

Tell us about your business. We match against UK invoice finance providers most likely to approve and price competitively.

Get matched →

Oliver Mackman

Director, Market Invoice

Oliver leads Market Invoice's editorial and comparison research. With a background in UK commercial finance, he oversees provider analysis, rate verification, and industry reporting across all verticals.

Last reviewed: 27 May 2026