Tradeplus24 Review
Tradeplus24 is a Zurich-headquartered fintech offering whole-turnover invoice finance to UK small and medium-sized businesses through a digital platform. Founded 2017 in Switzerland, expanded into UK operations in 2021. Their platform connects with Xero, Sage, and QuickBooks to pull invoice and debtor data automatically. The cross-border European heritage is a strength for UK exporters trading with EU customers; for pure-UK ledgers the offering competes with domestic fintech providers rather than the traditional Bibby / Close Brothers / Aldermore set.
Tradeplus24 is a Zurich-headquartered fintech offering whole-turnover invoice finance to UK SMEs through a digital platform, integrating with Xero, Sage and QuickBooks. It expanded into the UK in 2021. More detail + scope
Summary
Tradeplus24 is a Zurich-headquartered fintech offering whole-turnover invoice finance to UK SMEs through a digital platform. Founded in 2017 in Switzerland, it expanded into UK operations in 2021. Its platform connects with Xero, Sage and QuickBooks to pull invoice and debtor data automatically. The cross-border European heritage is a strength for UK exporters trading with EU customers.
This page covers
Tradeplus24 whole-turnover invoice finance, accounting integrations, UK launch and cross-border positioning
Not covered here
Selective and single-invoice finance (see /providers/), general invoice finance education (see /guides/), sector pages (see /industries/)
Key Facts
How Tradeplus24 Works
Tradeplus24's platform integrates directly with cloud accounting software, pulling invoice and debtor data continuously rather than requiring manual upload. Once the facility is live, the dashboard shows funded vs unfunded invoices, advance rates per debtor, and outstanding balances in real time. Repayment matches customer payment receipts automatically through bank-feed reconciliation. The application process is fully digital end to end, with no paper documentation required for standard UK Ltd files.
The Swiss parent company brings European cross-border experience, which is meaningful for UK SMEs invoicing EU customers in EUR or CHF. UK-only ledgers are handled in GBP through the standard product.
Pros and Cons
Strengths
- Strong accounting software integration (Xero, Sage, QuickBooks)
- Fully digital application and management
- Cross-border European trade experience
- Real-time facility dashboard with bank-feed reconciliation
- No paper documentation for standard UK Ltd files
Limitations
- Less UK brand recognition vs Bibby, Close Brothers, Aldermore
- Whole-turnover only, no selective invoice finance option
- UK regional relationship management thinner than domestic providers
- Sector-specific expertise (construction, recruitment) more limited than UK specialists
- Younger UK operations (2021), less established UK loss-history data than domestic incumbents
Best For / Less Suitable For
Best for
- Tech-forward UK SMEs running Xero / Sage / QuickBooks who want a real-time facility dashboard
- UK businesses with meaningful EU customer base needing cross-border invoice finance
- Established Ltd companies with consistent whole-ledger funding need (not occasional)
- Businesses that want to minimise manual reconciliation workload
Less suitable for
- Businesses that want to fund only occasional invoices (use selective providers, see selective)
- Construction stage-billing or retention release (use construction specialists)
- Recruitment payroll-cycle facilities (use Sonovate or specialist recruitment lenders)
- Businesses needing strong UK-regional relationship management on complex files
Pricing Reality
Tradeplus24 prices in line with the wider UK fintech invoice finance market. Bank of England base rate is 3.75% (December 2025); their discount charge typically runs at base plus 1.5% to 3.5% depending on file quality.
- Service charge: 0.5% to 2.5% of invoice value
- Discount charge: base + 1.5% to 3.5% (currently approximately 5.25% to 7.25% all-in)
- Advance rate: 80% to 90% standard
- Setup time: 5 to 10 working days for standard UK Ltd files
- Same-day funding on individual invoices once the facility is live
Use the cost calculator to model your specific Tradeplus24 facility.
How Tradeplus24 Compares
| Vs. | Tradeplus24 wins on | Other wins on |
|---|---|---|
| Bibby Financial Services | Digital platform polish, real-time dashboard, cross-border EU experience | UK brand recognition, sector specialism, regional relationship managers, scale |
| Aldermore | Accounting software integration, fully digital onboarding | UK banking licence, longer track record, regional teams |
| Hydr | Whole-turnover focus, cross-border experience, established Swiss parent | Selective invoice finance, lower minimum turnover, faster decisions on small files |
Application Path
Connect your accounting software (Xero / Sage / QuickBooks) for automated debtor data pull, submit standard KYC (Companies House data, director ID, last 6 months bank statements), confirm contract terms via e-signature, facility live within 5 to 10 working days. No paper documentation required for standard files.
Our Verdict
Tradeplus24 is a credible fintech option for UK SMEs that value cloud-accounting integration and a real-time digital dashboard. The European parent and cross-border experience adds meaningful capability for UK exporters trading with EU customers. The shorter UK trading history and thinner regional relationship management compared to Bibby, Close Brothers, or Aldermore is the trade-off. For tech-forward whole-turnover applicants without sector-specific complexity, worth a quote. For construction, recruitment, or other sector-specific files, compare alongside UK specialists.
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: 11 May 2026