Best Invoice Finance Companies UK
Bibby Financial Services offers the broadest eligibility in this comparison — the only provider that accepts startups and sole traders. Triver leads on speed and pricing transparency: funds within minutes, 0.06%/day, no personal guarantee required.
- Accepts startups and sole traders — one of very few institutional providers to do so.
- Covers 300+ industries; both factoring and confidential discounting available.
- Up to 90% advance rate; funds within 24 hours of invoice submission.
Factoring vs Discounting: The Decision That Comes First
Before comparing providers, understand the product difference that matters most to your customer relationships.
Invoice factoring means the lender manages credit control. They contact your customers to collect payment. Your customers receive remittance requests from the factor, not from you. This is visible — customers know you’re using a facility. Factoring costs more because you’re paying for the credit control service.
Invoice discounting is invisible to customers. You retain credit control, chase payment yourself, and manage customer relationships as normal. The lender advances funds against your invoices without contacting your debtors.
Discounting typically costs less because the lender isn’t providing the collection service — but it requires that you have the resource and process to manage collections reliably.
The practical rule we apply: factoring suits businesses that lack the internal capacity to manage credit control. Discounting suits businesses with established processes and customer relationships where confidentiality matters. Most providers offer both — the decision determines your cost, not your choice of lender.
Selective vs Whole-Ledger: The Second Decision
Whole-ledger facilities assign your entire debtor book to the lender. Every invoice you raise is financed through the facility, giving the lender full visibility over your receivables. In return, you get the highest advance rates and lowest cost per pound of funding.
The commitment is contractual, with a minimum term and notice period to exit.
Selective invoice finance lets you fund individual invoices without committing your whole ledger. You choose which invoices to advance against and when. There’s no minimum facility, no contract in most cases, and no obligation to use the facility every month.
The cost per invoice is higher than whole-ledger — you pay a premium for flexibility — but there’s no lock-in.
We found that for a business with one large customer paying slowly, selective finance may cost less in total than a whole-ledger facility you only use partially. For businesses invoicing consistently across multiple customers, a whole-ledger facility is almost always the lower-cost option per pound advanced.
Compare Top Invoice Finance Providers
All Cards at a Glance
Compare key features side by side.
| Provider | Best For | Key Feature | Annual Fee | Action |
|---|---|---|---|---|
| Businesses needing whole-ledger factoring or discounting, including startups and sole traders | Check provider | Bespoke — request illustration | View Deal → |
T Triver Fastest Funding | Limited companies and LLPs that need fast, selective invoice finance without personal guarantee or long-term commitment | Check provider | 0.06%/day (approx. 1.8% on 30-day invoice) | View Deal → |
K( Kriya Bank-Backed Selective | Businesses wanting selective invoice discounting or whole-ledger facilities with the backing of a regulated bank | Check provider | Bespoke — request illustration | View Deal → |
 | Established businesses that require a whole-ledger facility underpinned by a long-established, publicly listed banking group | Check provider | Bespoke — request illustration | View Deal → |
Data verified May 2026. Invoice finance rates are negotiated case-by-case — indicative figures only. Request a written illustration before committing to any facility.
Bibby Invoice Finance
Triver Selective Invoice Finance
Kriya Invoice Finance
Close Brothers Invoice Finance
How Invoice Finance Is Priced: A Worked Example
Invoice finance has two main cost components that affect what you pay — understanding both before you compare providers matters.
Service charge (also called the administration or factoring fee): a percentage of each invoice value. Covers administration, credit control (in factoring), and facility management. Typically 0.5–2% of invoice value depending on your annual invoiced turnover, debtor quality, and facility type.
Discount charge: interest on the amount advanced for the period it is outstanding. Typically quoted as Bank of England base rate plus a margin of 1–3%. Effective rate: approximately 4.75–6.75% annualised on drawn balances (based on a 3.75% base rate as of March 2026).
We ran the numbers on a £50,000 invoice at 60-day terms: 85% advance = £42,500 received upfront. Service charge at 1.5%: £750. Discount charge at 5.5% annualised over 60 days: approximately £384. Balance released on payment: £6,366. Total cost: £1,134 on £42,500 advanced.
On Triver’s selective model: £50,000 × 0.06% × 60 days = £1,800 total fee with no service charge — slightly higher in this example, but simpler and without a whole-ledger commitment.
The comparison matters most for businesses invoicing consistently. A whole-ledger facility will usually be cheaper per pound advanced at volume — but selective finance has no minimum usage and no exit commitment.
What Lenders Look For
We assessed each provider against the four criteria lenders use to determine whether you qualify and what rate you pay:
1. Debtor quality. Invoice finance advances money against invoices owed by your customers. If your customers are creditworthy commercial businesses or public sector bodies, the risk to the lender is low — and your rate reflects that. Invoices to financially weak customers, or to consumers, are typically not eligible.
2. Concentration. Most lenders cap the proportion of the ledger any single customer can represent — typically 30–40%. A business where one customer represents 80% of invoices is a higher-risk ledger, and this will either restrict your facility or raise your rate.
3. Invoice quality. Invoices that are regularly disputed, subject to credit notes, or issued on terms longer than 90 days are harder to finance. Lenders review a sample of your aged debtor list before approving a facility.
4. Turnover and trading history. Minimum turnover requirements vary: Triver requires £100,000+ and 2+ years; Bibby has no stated minimum for factoring. Whole-ledger discounting facilities typically suit businesses with £250,000+ of annual invoiced turnover.
Is invoice finance a loan?
No. Invoice finance accelerates payment on invoices you’ve already raised — you’re not borrowing new money but advancing cash you’re owed. It doesn’t appear on your balance sheet as traditional debt. A business loan creates new liability; invoice finance converts an existing asset (a receivable) into cash.
Will my customers know I am using invoice finance?
With invoice discounting — no. You retain credit control and your customers pay you directly as normal. With invoice factoring — yes. The factor contacts your customers to collect payment. Most established factoring providers handle this professionally, but disclosure is inevitable.
What happens if a customer does not pay?
Depends on the recourse terms. With recourse factoring (the most common arrangement), if the customer doesn’t pay, you must repay the advance to the lender. With non-recourse factoring, the lender absorbs the bad debt — but this costs more and is typically only available for customers with strong credit profiles. Confirm which arrangement you’re entering before signing.
How quickly can I access funds?
With Triver: often within minutes of uploading the invoice. With Bibby, Kriya, and most traditional providers: within 24 hours once the facility is established. Setting up the initial facility takes 1–3 weeks for whole-ledger arrangements — due diligence on your debtor book is required.
Can a startup use invoice finance?
Bibby Financial Services accepts startups and sole traders — one of very few institutional providers that do. Triver requires 2+ years trading; Kriya requires 12 months and at least one set of accounts. If your business is under 12 months old, Bibby is effectively the only option in this comparison.
Is invoice finance regulated?
Invoice finance isn’t regulated by the FCA in the same way as consumer credit. Close Brothers Group and Allica Bank (which owns Kriya) are both regulated banks, providing institutional assurance — but the invoice finance facility itself operates under commercial contract. Standard B2B invoice finance doesn’t carry FSCS protection.
We compiled this comparison by researching each provider’s primary website, available product documentation, FCA register entries, and broker and industry review sources. Where rates aren’t published — standard practice in invoice finance — we’ve noted this explicitly. Verified May 2026.
Provider selection reflects the range of facility types (selective vs whole-ledger, factoring vs discounting) and eligibility profiles available to UK businesses.
All rate claims are indicative only — invoice finance rates are negotiated case-by-case. Request a written illustration before committing to any facility. Rates and eligibility criteria change — confirm current terms with providers before applying.
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