Aldermore Invoice Finance vs Novuna Business Finance: UK Invoice Finance Comparison 2026
See how Aldermore Invoice Finance compares to Novuna Business Finance 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?
Both operate in UK independent invoice finance, outside the high street banks. They differ on sector focus, headline pricing and the minimum turnover they will consider. Aldermore Invoice Finance advances up to 90%, setup typically in a few days to a few weeks; Novuna Business Finance advances up to 90%, setup typically in 1 to 3 working days to funds. Aldermore Invoice Finance needs £750k minimum turnover, Novuna Business Finance does not publish a minimum turnover figure. Read the side-by-side below, then jump to the "when X wins" sections.
Side-by-side
Full reviews: Aldermore Invoice Finance · Novuna Business Finance
| Compared on | Aldermore Invoice Finance | Novuna Business Finance |
|---|---|---|
| Product type | Invoice finance (Receivables Finance, factoring, CID) | Invoice finance, asset finance, vehicle finance |
| Min turnover | £750k | Not published |
| Advance rate | Up to 90% | Up to 90% |
| Typical fee | Not published (quoted per facility) | Not published (quoted per facility) |
| Confidential available? | Yes | Yes |
| Factoring available? | Yes | Yes |
| Setup speed | A few days to a few weeks | 1 to 3 working days to funds |
Sources for these figures: Aldermore Invoice Finance: advance rate · Aldermore Invoice Finance: minimum turnover, setup timescale, Growth Guarantee Scheme · Bibby Financial Services acquires Aldermore's Working Capital Finance division (26 June 2023) · Novuna Business Finance: advance rate · Novuna Business Finance: setup time · Novuna Business Cash Flow · Novuna invoice finance · Companies House 01630491, Mitsubishi HC Capital UK PLC · Mitsubishi HC Capital UK, Novuna rebrand announcement
When Aldermore Invoice Finance wins
- Challenger bank stability with independent-style speed.
- Accredited to offer the Growth Guarantee Scheme (per Aldermore).
- Funds available within 24 hours once the facility is live.
- Sector breadth: manufacturing, wholesale, business services.
Best for
£750k-£5m turnover Ltd companies, Cross-product banking relationship seekers, Growth Guarantee eligible.
Watch outs
- Setup ranges from a few days to a few weeks, slower than the fastest fintech lenders.
- No published service charge, so it cannot be benchmarked without a quote.
- Less specialist than Sonovate for recruitment.
When Novuna Business Finance wins
- Backed by the Mitsubishi HC Capital UK balance sheet.
- Multi-product cross-sell (IF + asset + vehicle).
- Mid-market panel relationships strong.
- Long-established UK presence as the former Hitachi Capital UK (rebranded Novuna, February 2022).
Best for
Mid-market Ltd companies, Cross-product (IF + asset) facility seekers, Stable mid-market funders.
Watch outs
- No published service charge, minimum turnover or rate card, so it cannot be benchmarked without a quote.
- Slower decisioning than fintech.
- Three brand names in play (Novuna, Novuna Business Finance, Novuna Business Cash Flow).
FAQ
Aldermore Invoice Finance or Novuna Business Finance: which is the better fit for UK invoice finance in 2026?
Aldermore Invoice Finance is the stronger fit for £750k-£5m turnover Ltd companies; Novuna Business Finance fits mid-market Ltd companies better. The "when X wins" sections above break this down by profile, and the commercials are covered in the next question.
How do Aldermore Invoice Finance and Novuna Business Finance price their facilities?
Neither publishes its pricing; both quote per facility. The table above sets advance rate, setup speed and minimum turnover side by side.
Can I get a confidential facility with either Aldermore Invoice Finance or Novuna Business Finance?
Both Aldermore Invoice Finance and Novuna Business Finance offer confidential invoice discounting (your customers are not notified).
Where does each one struggle?
Aldermore Invoice Finance is the wrong fit for sub-£750k turnover. Novuna Business Finance is the wrong fit for lowest-cost seekers. If either describes your business, browse the side-by-side or get 3 free quotes through our quote form.
Can Market Invoice help me choose between Aldermore Invoice Finance and Novuna Business Finance?
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 eCapital, our introduction partner, handles your enquiry and comes back to you with quotes, with no obligation to proceed.
Related
- Full Aldermore Invoice Finance review
- Full Novuna Business Finance review
- Close Brothers Invoice Finance vs Ultimate Finance
- Aldermore Invoice Finance vs Close Brothers Invoice Finance
- Allianz Trade vs Close Brothers Invoice Finance
- All UK invoice finance comparisons
- Browse every reviewed UK invoice finance provider
- UK invoice finance by region
Sources
- Rates, advance percentages and product details checked against Aldermore Invoice Finance's own site.
- Rates, advance percentages and product details checked against Novuna Business Finance's own site.
- Aldermore Invoice Finance: advance rate
- Aldermore Invoice Finance: minimum turnover, setup timescale, Growth Guarantee Scheme
- Bibby Financial Services acquires Aldermore's Working Capital Finance division (26 June 2023)
- Novuna Business Finance: advance rate
- Novuna Business Finance: setup time
- Novuna Business Cash Flow
- Novuna invoice finance
- Companies House 01630491, Mitsubishi HC Capital UK PLC
- Mitsubishi HC Capital UK, Novuna rebrand announcement
Get 3 free quotes
Tell us monthly turnover, sector, debtor profile and whether the facility needs to be confidential. eCapital, our introduction partner, handles your enquiry and comes back to you with quotes. Free, and no obligation to proceed.
Get my 3 quotes →Best Business Loans Ltd (16833937), directed by Oliver Mackman, owns and operates Market Invoice. Last updated: .
Compare Aldermore Invoice Finance and Novuna Business Finance quotes
Free, no obligation. Tell us about your business and eCapital, our introduction partner, handles your enquiry and comes back to you with quotes.
Step 1 of 3 · Your business
Free to you: our introduction partner pays us a fixed fee for each introduction, whether or not you go ahead. See our privacy policy.
How we make money: Market Invoice is an independent comparison service, not a lender. Our introduction partner pays us a fixed fee for each business we introduce, whether or not you go ahead; you never pay us and it is never added to your costs. 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. Our introduction partner pays us a fixed fee for each business we introduce, whether or not a facility follows; this is never added to your costs. 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.