Allianz Trade vs IGF (Independent Growth Finance): UK Invoice Finance Comparison 2026
See how Allianz Trade compares to IGF (Independent Growth 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?
These are different products rather than like-for-like invoice finance rivals (Allianz Trade: trade credit insurance and bad debt protection; IGF (Independent Growth Finance): invoice finance). UK businesses still weigh them side by side, so the real question is which job you need doing, not which is the better invoice finance line. Allianz Trade typically takes 1 to 3 weeks (policy underwriting) to set up; IGF (Independent Growth Finance) advances up to 90% receivables + stock + plant, setup typically in 10 working days. Allianz Trade has no turnover minimum as such; eligibility is set by policy underwriting, IGF (Independent Growth Finance) needs £5m minimum turnover. Read the side-by-side below, then jump to the "when X wins" sections.
Side-by-side
Full reviews: Allianz Trade · IGF (Independent Growth Finance)
| Compared on | Allianz Trade | IGF (Independent Growth Finance) |
|---|---|---|
| Product type | Trade credit insurance and bad debt protection | Invoice finance (ABL, CID), asset-based lending |
| Min turnover | Set by policy underwriting | £5m |
| Advance rate | N/A (insurance, not advance against ledger) | Up to 90% receivables + stock + plant |
| Typical fee | Premium as a percentage of insured turnover | Bespoke pricing |
| Confidential available? | N/A | Yes |
| Factoring available? | N/A | Yes |
| Setup speed | 1 to 3 weeks (policy underwriting) | 10 working days |
Sources for these figures: IGF: advance up to 90% of receivables, facilities £2m to £25m, over £600m under management (March 2025) · IGF: UK businesses with over £5m annual turnover
When Allianz Trade wins
- One of the world's largest trade credit insurers, with deep debtor risk data.
- Protects against customer insolvency and protracted default.
- Can be added alongside an existing invoice finance facility.
- Strengthens funding terms when a ledger is insured.
Best for
Protecting against customer non-payment, Insuring an existing IF ledger, Exporters managing debtor risk.
Watch outs
- Not invoice finance: it insures debt, it does not advance cash.
- Provides no working capital on its own.
- Premiums and underwriting add cost and lead time.
When IGF (Independent Growth Finance) wins
- ABL specialist: receivables + stock + plant under one facility.
- Facilities of £2m to £25m, where monoline IF lenders cap out.
- Flexible covenant negotiation.
- Established mid-market ABL reputation.
Best for
Businesses over £5m turnover needing £2m or more, Complex ABL needs (receivables + stock), Turnaround and restructure cases.
Watch outs
- Pricing bespoke, not transparent in marketing.
- Setup 10 days, slower than monoline IF.
- Facilities start around £2m, so smaller SMEs are out of scope.
FAQ
Allianz Trade or IGF (Independent Growth Finance): which fits your business in 2026?
They do different jobs (see the product types above), so pick by the job you need doing. Allianz Trade is the stronger fit for protecting against customer non-payment; IGF (Independent Growth Finance) fits businesses over £5m turnover needing £2m or more better. The "when X wins" sections above break this down by profile, and the commercials are covered in the next question.
How do Allianz Trade and IGF (Independent Growth Finance) price their facilities?
Pricing: Allianz Trade, premium as a percentage of insured turnover; IGF (Independent Growth Finance), not published, quoted per facility. The table above sets advance rate, setup speed and minimum turnover side by side.
Can I get a confidential facility with either Allianz Trade or IGF (Independent Growth Finance)?
Allianz Trade is not an invoice finance facility, so confidential invoice discounting does not apply. IGF (Independent Growth Finance) offers confidential invoice discounting (your customers are not notified).
Where does each one struggle?
Allianz Trade is the wrong fit for businesses that need cash now. IGF (Independent Growth Finance) is the wrong fit for businesses under £5m turnover. 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 Allianz Trade and IGF (Independent Growth 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 Allianz Trade review
- Full IGF (Independent Growth 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 Allianz Trade's own site.
- Rates, advance percentages and product details checked against IGF (Independent Growth Finance)'s own site.
- IGF: advance up to 90% of receivables, facilities £2m to £25m, over £600m under management (March 2025)
- IGF: UK businesses with over £5m annual turnover
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: .
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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.