Capitalise vs iwoca: UK Business Finance Comparison 2026
See how Capitalise compares to iwoca 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 (Capitalise: funding platform via accountants (broker); iwoca: flexi-loan and revolving credit (not 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. Capitalise matches you to a panel funder, typically within 24 to 48 hours from approval (selective); iwoca typically takes 24 hours (approval) to set up. Capitalise has no single minimum; each panel funder sets its own, iwoca has no fixed minimum turnover. Read the side-by-side below, then jump to the "when X wins" sections.
Side-by-side
Full reviews: Capitalise · iwoca
| Compared on | Capitalise | iwoca |
|---|---|---|
| Product type | Funding platform via accountants (broker) | Flexi-loan and revolving credit (not invoice finance) |
| Min turnover | No single minimum; each panel funder sets its own | No fixed minimum |
| Advance rate | Up to 90% (funder dependent) | N/A (credit line, not advance against ledger) |
| Typical fee | Funder rates via platform matching | Rates starting at 1.5% per 30 days on drawn balance |
| Confidential available? | Yes, via panel funders | N/A |
| Factoring available? | Yes, via panel funders | N/A |
| Setup speed | 24 to 48 hours from approval (selective) | 24 hours (approval) |
Sources for these figures: Capitalise: invoice finance via its lender panel · Capitalise: invoice discounting (confidential) · Capitalise: invoice factoring, advance up to 90% · iwoca: rates from 1.5% per 30 days, approval within 24 hours · iwoca: founding date
When Capitalise wins
- Accountant-led funding platform with a large lender panel.
- Adds debtor monitoring and company credit tools.
- Routes invoice finance alongside loans and asset finance.
- Strong fit when your accountant manages the process.
Best for
Businesses whose accountant arranges funding, Owners wanting credit monitoring too, Comparison-led buyers.
Watch outs
- A platform and broker, not a direct lender.
- Best accessed via a partner accountant.
- Terms and underwriting set by the matched funder.
When iwoca wins
- Same-day decisions and fast drawdown.
- No factoring of the ledger and no customer notification.
- Draw and repay flexibly; interest only on what is used.
- Strong fit when there are few or large single debtors.
Best for
Businesses with few invoices, Fast one-off cash flow gaps, Owners who want no debtor contact.
Watch outs
- Not invoice finance: it lends against the business, not invoices.
- Monthly interest can exceed invoice finance for sustained borrowing.
- Facility size capped lower than a whole-ledger IF limit.
FAQ
Capitalise or iwoca: which fits your business in 2026?
They do different jobs (see the product types above), so pick by the job you need doing. Capitalise is the stronger fit for businesses whose accountant arranges funding; iwoca fits businesses with few invoices better. The "when X wins" sections above break this down by profile, and the commercials are covered in the next question.
How do Capitalise and iwoca price their facilities?
Pricing: Capitalise, funder rates via platform matching; iwoca, rates starting at 1.5% per 30 days on drawn balance. The table above sets advance rate, setup speed and minimum turnover side by side.
Can I get a confidential facility with either Capitalise or iwoca?
Capitalise is not a lender itself, but confidential invoice discounting is available through the funders on its panel, who set the terms. iwoca is not an invoice finance facility, so confidential invoice discounting does not apply.
Where does each one struggle?
Capitalise is the wrong fit for direct-to-lender applicants. iwoca is the wrong fit for high-volume sales ledgers better suited to factoring. 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 Capitalise and iwoca?
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
Sources
- Rates, advance percentages and product details checked against Capitalise's own site.
- Rates, advance percentages and product details checked against iwoca's own site.
- Capitalise: invoice finance via its lender panel
- Capitalise: invoice discounting (confidential)
- Capitalise: invoice factoring, advance up to 90%
- iwoca: rates from 1.5% per 30 days, approval within 24 hours
- iwoca: founding date
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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.