Muse (My Muse) Review
Muse (Muse Finance, getmymuse.com) describes itself as an AI-powered SME finance platform covering invoice finance, embedded lending and loan servicing, and says it has processed over £500m. Its website is aimed at lenders and funders rather than at businesses applying for funding, and it publishes no rates or eligibility criteria for borrowers. If you are a business, confirm with Muse whether it will fund you directly or through a partner lender before relying on anything below.
What this page covers
This page covers
What Muse Finance says it offers, what it does not publish, and alternatives
Not covered here
Traditional whole-ledger factoring (see /providers/), general invoice finance education (see /guides/), sector pages (see /industries/)
Key Facts
When Muse (My Muse) Fits
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Tech startups or SaaS companies with £300k-£2m turnover raising recurring invoices but lacking tangible assets
Mainstream factoring providers want an established debtor book. Ask Muse whether it, or a lender it works with, will look at growth and contracted revenue as well as trading history.
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R&D-intensive businesses in life sciences, clean tech or advanced manufacturing needing working capital while developing products
Mainstream providers such as Close Brothers or Aldermore usually decline pre-revenue or loss-making applicants; Muse publishes no criteria, so ask before applying.
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Professional services firms (consultancies, software houses) with lumpy invoicing patterns and project-based revenue streams
Traditional discounting facilities prefer a predictable monthly debtor profile; if your invoicing is lumpy, check how Muse would treat milestone invoices.
When to Look Elsewhere
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Established businesses turning over £1m+ with consistent B2B invoicing and standard 30-60 day terms
Better fit: Bibby Financial Services. Bibby is a large, established invoice finance provider built for straightforward debtor books, and advances up to 85%.
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Businesses over £5m turnover needing £2m or more
Better fit: IGF Invoice Finance. IGF works with businesses over £5m turnover through asset-based lending of £2m to £25m.
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Companies seeking large facilities (£500k+) with established trading history in construction, manufacturing or distribution
Better fit: Lloyds Bank Invoice Finance. Lloyds advances up to 90% and suits established businesses in mainstream sectors that want a bank facility.
How Muse (My Muse) Compares
| Provider | Type | Min facility | Fee from | Advance to | Speed |
|---|---|---|---|---|---|
| Hydr | selective | No minimum | Fixed fee | 100% | Same day to 24 hours |
| Sonovate | factoring | No minimum | 2% to 4% blended | 100% | 2 days |
| IGF Invoice Finance | both | £2m (£5m+ turnover) | Not published | 90% | 5 days |
vs Hydr: Hydr's automated platform focuses on speed and data-driven decisioning for trading businesses, whereas Muse's published offer is a platform for lenders and funders.
vs Sonovate: Sonovate specialises exclusively in recruitment and contracting sectors with payroll automation, while Muse publishes no sector restrictions.
vs IGF Invoice Finance: IGF only works with businesses over £5m turnover, on facilities of £2m to £25m, so it is not an option for early-stage companies.
Illustrative worked example
Hypothetical: a software consultancy with £600k turnover invoicing corporate clients
Not a real client. The charges are illustrative assumptions, not Muse's published rates; Muse quotes each facility individually. Monthly cost = £900 service charge (1.8% of £50,000) plus about £275 discount charge (8.25% a year on £40,000 drawn for a month, at the 3.75% Bank of England base rate).
Setting Up With Muse (My Muse)
- 1
Initial consultation and business assessment
Contact Muse to confirm whether it funds businesses directly or through a partner lender, and what information it needs. Expect to share management accounts and an aged debtor report as a minimum.
- 2
Proposal and facility structuring
Muse publishes no standard terms, so any facility will be quoted individually. Get the advance rate, fees, notice period and any guarantees in writing.
- 3
Legal documentation and onboarding
Once terms are agreed, Muse completes due diligence on key debtors and drafts facility agreements. Muse does not publish a set-up timescale; ask for one.
FAQs
Can Muse fund invoices if my business is pre-revenue or just starting to generate sales?
Muse publishes no eligibility criteria for borrowers. Invoice finance of any kind needs invoices to fund, so a purely pre-revenue business is unlikely to qualify.
How does Muse's pricing compare to mainstream invoice finance providers?
Muse doesn't publish borrower pricing, so we can't compare it. Get a written quote and compare it with quotes from other providers.
Does Muse operate as a factoring service or confidential discounting arrangement?
Muse doesn't say. Factoring (the funder collects from your customers) and confidential discounting (you keep collecting) are the two common structures; ask which Muse or its partner lender offers.
What happens if my debtors are slow to pay or dispute invoices?
Muse doesn't publish its approach. With most invoice finance, a disputed invoice has to be repaid or replaced, and persistent bad debt or disputes affect facility terms.
Our Verdict
Muse's current website presents it as a finance platform for lenders and funders, not a lender that businesses apply to, and it publishes no borrower terms. Unless Muse confirms it will fund you, a dedicated invoice finance provider that publishes its terms is the safer starting point.
Official site: Muse Finance
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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