Alternatives to Swoop Funding
The main UK invoice finance alternatives to Swoop Funding are Hydr, Bibby Financial Services and Ultimate Finance, compared below on product type, minimum turnover, advance rate, typical fee, setup speed and our overall rating.
Pick the alternative that fixes whatever Swoop Funding does not do for you: a lower entry point, faster setup, a higher advance or a different product type. More detail + scope
This page covers
UK invoice finance alternatives to Swoop Funding, 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/)
Swoop Funding vs the 4 alternatives
| Compared on | Swoop Funding | Hydr | Bibby Financial Services | Ultimate Finance |
|---|---|---|---|---|
| Product | Funding marketplace (loans, grants, invoice finance) | Single-invoice finance (digital, selective) | Invoice finance (factoring, CID, ABL) | Invoice finance (factoring, CID), bridging, asset finance |
| Cluster | fintech | fintech | independent | independent |
| Min turnover | £30k | No minimum | Not published | Not published |
| Advance rate | Up to 95% (funder dependent) | Up to 100% per invoice | Up to 85% | Up to 95% |
| Typical rate | Funder rates via marketplace matching | Flat fee per invoice financed | Not published (quoted per facility) | Quoted per facility (not published) |
| Setup speed | 48 hours (payment after invoice submitted) | Same day to 1 working day | 5 working days | Within one week (up to 5 working days) |
| Rating | 4.0 | 4.2 | 4.4 | 4.3 |
Hydr
Same day to 1 working day · Up to 100% per invoiceA Manchester-based fintech offering fully digital single-invoice finance with same-day onboarding and a flat transparent fee per invoice.
Bibby Financial Services
5 working days · Up to 85%Describes itself as one of Europe's largest independent invoice finance providers, funding over 8,500 businesses; part of the family-owned Bibby Line Group and formed in 1982.
Ultimate Finance
Within one week (up to 5 working days) · Up to 95%Facility set up within one week, with funds paid within 24 hours of receiving invoices once live, according to Ultimate Finance. Owned by Tavistock Group.
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Founder & Managing Director, Muswell Rose, founder and PSC of Best Business Loans Ltd
Adam is the founder and managing director of Muswell Rose and a founder of Best Business Loans Ltd, the company behind Market Invoice. He spent over three years as managing director of Penny, a UK invoice finance business, and his career runs through insurance, mortgages, commercial finance and fintech lending. He writes the Market Invoice library.
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