Written by the Lendus editorial team. Last updated .
The best Kriya alternatives include Bibby Financial Services and Ultimate Finance for published invoice finance rates, Aldermore Bank and Close Brothers for bank-backed facilities, Cynergy Business Finance for facilities above £1 million, White Oak UK for a 4 hour decision, and iwoca and Funding Circle for working capital where Kriya's 12 month trading rule blocks you.
Kriya has one of the longer track records in UK online business finance. The company launched in 2011 as MarketInvoice, rebranded to MarketFinance in November 2019 as it moved into business loans, and became Kriya in November 2022 as it added embedded finance products such as PayLater for B2B buyers. It states it has advanced over £4 billion in credit, was backed historically by Barclays Bank, Santander Innoventures and the British Business Bank, and in October 2025 was acquired outright by Allica Bank, now trading as Kriya from Allica Bank. Its invoice finance advances up to 90% of invoice value with funds released within 24 hours of an approved upload, priced pay-as-you-use with no long-term contract tie-in.
The reasons businesses shop around are concrete. Kriya publishes no interest rates, no factor rates and no representative APR anywhere on its website, so pricing is only revealed after you enquire. It requires 12 months of trading and at least one set of filed accounts for both invoice finance and working capital loans. Its facility range starts at £50,000 and stops at £1,000,000. Working capital loan applicants wait up to a week for an initial terms and pricing offer, which is slow against instant-decision competitors. And its FCA reference number, 750199, covers anti-money laundering supervision rather than full authorisation for regulated lending activity, a distinction Kriya itself makes clear rather than obscures.
This guide splits the alternatives across Kriya’s two product legs: invoice finance first, then working capital lending.
Bibby publishes what Kriya does not: 1% to 3% of invoice value per month as a factoring discount charge, plus a service fee. It lends £50,000 to £15,000,000, fifteen times Kriya’s ceiling, and prefers 6 or more months of trading while stating it will consider start-ups with strong order books. It also offers asset finance and business loans alongside invoice finance.
Rates and amounts: 1% to 3% of invoice value per month as a factoring discount charge, plus a service fee. Pricing varies with ledger volume and discount rate. £50,000 to £15,000,000.
Eligibility: 6+ months trading preferred, start-ups with strong order books considered; £100,000 annual turnover minimum for most invoice finance facilities.
Speed: Facility setup typically 1 to 2 weeks; initial funding within 24 hours of facility agreement.
Pros: Publishes a monthly rate band where Kriya publishes nothing; fifteen times Kriya’s facility ceiling; half Kriya’s trading requirement; invoice finance, asset finance and business loans available together.
Cons: Same £50,000 entry point as Kriya, so it does not help smaller facilities; setup of 1 to 2 weeks; a £100,000 turnover requirement Kriya does not impose. Check its current regulatory status on the FCA Financial Services Register at register.fca.org.uk before committing.
Best for: Businesses with a substantial sales ledger that want a published monthly charge to compare Kriya’s quote against.
Ultimate Finance publishes 0.8% to 2.5% of invoice value per month as a discount charge, plus a service fee, the lowest published band in this comparison. It asks for 3 or more months of trading with invoice history preferred, a quarter of Kriya’s 12 month requirement, and lends £20,000 to £5,000,000, so it opens up facilities below Kriya’s £50,000 floor.
Rates and amounts: 0.8% to 2.5% of invoice value per month as a discount charge, plus a service fee. £20,000 to £5,000,000.
Eligibility: 3+ months trading with invoice history preferred; £250,000 annual turnover for invoice finance, lower for asset finance.
Speed: Facility setup 5 to 10 working days; initial funding within 24 hours of activation.
Pros: Lowest published invoice finance band here; 3 months trading against Kriya’s 12; entry at £20,000 against Kriya’s £50,000; five times Kriya’s ceiling; asset finance available alongside.
Cons: £250,000 turnover requirement for invoice finance is the highest on this list and Kriya publishes no turnover floor at all; setup takes 5 to 10 working days. Check its current regulatory status on the FCA Financial Services Register at register.fca.org.uk before committing.
Best for: Younger businesses with a strong ledger but under 12 months of filed accounts, and anyone wanting the lowest published monthly charge as a benchmark.
Aldermore Bank PLC is authorised by the Prudential Regulation Authority and regulated by the FCA and the PRA under firm reference number 204503, which is a materially stronger regulatory footing than AML supervision alone. It offers invoice finance alongside asset finance, business loans and commercial mortgages, lending £2,000 to £10,000,000, with published eligibility of 12 or more months trading and £100,000 turnover for most products.
Rates and amounts: 4.5% to 20% per annum depending on product, asset type and credit profile; 9.3% APR representative; £2,000 to £10,000,000.
Eligibility: 12+ months trading for most products; £100,000 turnover for most products, with lower thresholds on some asset finance.
Speed: Same-day decisions on asset finance up to £250,000; 3 to 5 days for larger deals.
Pros: Dual-regulated bank with published permissions; entry point of £2,000 against Kriya’s £50,000; ten times Kriya’s ceiling; publishes both a rate band and a representative APR; four product lines under one roof.
Cons: Same 12 month trading requirement as Kriya; £100,000 turnover applies to most products; the published rate band is an annual figure covering its wider lending rather than an invoice-specific monthly charge.
Best for: Businesses that want invoice finance from a deposit-taking bank with published rates and permissions, at facility sizes above or below Kriya’s range.
Close Brothers Limited is authorised by the Prudential Regulation Authority and regulated by the FCA and the PRA under firm reference number 124750. It offers invoice finance alongside asset finance and business loans from £10,000 to £5,000,000, publishing 5% to 18% per annum with a 9.9% APR representative. It is aimed further up the market than Kriya, wanting 24 or more months of trading and £250,000 of turnover.
Rates and amounts: 5% to 18% per annum; 9.9% APR representative; £10,000 to £5,000,000.
Eligibility: 24+ months trading, £250,000 annual turnover.
Speed: Within 3 to 5 working days.
Pros: Dual-regulated bank; five times Kriya’s ceiling; entry at £10,000; invoice finance, asset finance and business loans consolidated with one counterparty; publishes a rate band and a representative APR.
Cons: 24 months trading is double Kriya’s requirement and £250,000 turnover is a real hurdle; 3 to 5 working days is slower than Kriya’s 24 hour invoice advance; oriented to established businesses rather than growing ones.
Best for: Businesses above £250,000 turnover with two years of history that want invoice finance inside a broader banking relationship.
Cynergy Business Finance provides receivables finance, asset finance and business loans from £200,000 to £40,000,000, forty times Kriya’s ceiling. Eligibility is assessed on the strength of the underlying receivables, stock, property or other assets rather than a published years-trading rule, which suits a business with a heavy ledger and a short history.
Rates and amounts: No published indicative rates, discount margins or factor rates. Pricing is bespoke and quoted per business after assessment. £200,000 to £40,000,000.
Eligibility: Not publicly stated; assessed on the underlying receivables, stock, property or other assets per business.
Speed: Describes its decision-making as fast, positive and assured, but publishes no specific turnaround time.
Pros: Forty times Kriya’s facility ceiling; no published years-trading requirement; asset-based assessment rather than covenant-based; asset finance and business loans available alongside receivables finance.
Cons: Publishes no rates at all, so it shares Kriya’s central weakness; minimum £200,000 is four times Kriya’s; Cynergy Business Finance Limited states on its own website that its asset-based lending activity is exempt from FCA and PRA regulation, though its parent Cynergy Bank plc is separately authorised under firm reference number 575105.
Best for: Businesses whose ledger has outgrown a £1 million facility and that are comfortable with individually quoted pricing.
Kriya’s own site says a member of the team will respond with initial terms and pricing within one week of a working capital loan enquiry. White Oak UK publishes an average loan decision turnaround of around 4 hours, though it notes that is an average rather than a guarantee. It covers invoice finance, asset finance and business loans from £5,000 to £500,000, with an average loan size of around £60,000 per its own site.
Rates and amounts: Priced per deal; no public rate card or representative APR; £5,000 to £500,000.
Eligibility: Not publicly stated; assessed as part of underwriting.
Pros: Around 4 hours on average against Kriya’s one week for loan terms; entry at £5,000 against Kriya’s £50,000; invoice finance and business loans from the same lender; no published trading history requirement.
Cons: No published rate card, so it does not fix the pricing transparency problem; maximum £500,000 is half Kriya’s ceiling; where White Oak UK itself acts as lender, its own site states that specific product is not FCA-regulated, so confirm which group entity is contracting with you.
Best for: Businesses that need a working capital answer today and cannot wait a week for indicative terms.
iwoca accepts businesses from 3 months of trading with £25,000 of annual turnover, against Kriya’s 12 months plus at least one set of filed accounts. It lends £1,000 to £500,000 with decisions within 24 hours, many made within hours using Open Banking. Unlike Kriya it publishes its pricing, at 2% to 6% per month with a 49.9% APR representative, so you know the cost before you apply.
Rates and amounts: 2% to 6% per month on the outstanding balance; 49.9% APR representative; £1,000 to £500,000.
Eligibility: 3+ months trading, £25,000 annual turnover.
Speed: Within 24 hours; many decisions within hours via Open Banking.
Pros: Lowest trading requirement here at 3 months; publishes both a monthly rate and a representative APR; borrows from £1,000 against Kriya’s £50,000; revolving Flexi-Loan structure.
Cons: No invoice finance, so it does not replace Kriya’s core product; 49.9% APR representative is expensive money; maximum £500,000 is half Kriya’s ceiling.
Best for: Businesses that fail Kriya’s 12 month and filed accounts test and need working capital rather than ledger funding.
Funding Circle publishes 6.9% to 36% per annum fixed for the term with a 13.9% APR representative, which is the clearest published pricing of any working capital option in this comparison. It lends £10,000 to £500,000, asks for 1 year of trading and £50,000 of turnover, and publishes a decision within 24 hours with funds typically within 3 business days.
Rates and amounts: 6.9% to 36% per annum, fixed for the loan term; 13.9% APR representative; £10,000 to £500,000.
Eligibility: 1+ year trading, £50,000 annual turnover.
Speed: Decision within 24 hours; funds typically within 3 business days.
Pros: Lowest published representative APR of the working capital options here; fixed annual rate with a known end date; decision within 24 hours against Kriya’s one week; entry at £10,000.
Cons: No invoice finance; fixed monthly repayments do not flex with your ledger the way an invoice facility does; needs a full year of trading and £50,000 turnover.
Best for: Businesses past their first year that want a term loan at a knowable annual cost instead of waiting a week for undisclosed pricing.
| Lender | Facility range | Published pricing | Min trading | Speed |
|---|---|---|---|---|
| Bibby Financial Services | £50,000 to £15,000,000 | 1% to 3% of invoice value per month | 6 months preferred | Setup 1 to 2 weeks, funding in 24 hours |
| Ultimate Finance | £20,000 to £5,000,000 | 0.8% to 2.5% of invoice value per month | 3 months | Setup 5 to 10 days, funding in 24 hours |
| Aldermore Bank | £2,000 to £10,000,000 | 4.5% to 20% per annum | 12 months | Same day on asset finance to £250,000 |
| Close Brothers | £10,000 to £5,000,000 | 5% to 18% per annum | 24 months | 3 to 5 working days |
| Cynergy Business Finance | £200,000 to £40,000,000 | Not published | Not published | Not published |
| White Oak UK | £5,000 to £500,000 | Not published | Not published | Around 4 hours on average |
| iwoca | £1,000 to £500,000 | 2% to 6% per month | 3 months | Within 24 hours |
| Funding Circle | £10,000 to £500,000 | 6.9% to 36% per annum | 1 year | Decision within 24 hours |
| Kriya | £50,000 to £1,000,000 | Not published | 12 months plus filed accounts | Invoice funding in 24 hours, loan terms in 1 week |
Choose Bibby Financial Services if you want a published monthly invoice charge and a ledger facility that can run to £15 million.
Choose Ultimate Finance if you have traded 3 to 12 months, or if you want the lowest published invoice finance band on the market as a benchmark for Kriya’s quote.
Choose Aldermore Bank if the regulatory footing matters and you want invoice finance from a bank with published permissions, rates and eligibility.
Choose Close Brothers if you turn over more than £250,000, have two years of trading, and want invoice finance inside a wider banking relationship.
Choose Cynergy Business Finance if your ledger has outgrown a £1 million facility and you need £200,000 to £40 million against receivables.
Choose White Oak UK if you need a working capital decision in hours and Kriya’s one week wait for indicative terms is the blocker.
Choose iwoca if you cannot meet the 12 month trading and filed accounts requirement, since 3 months and £25,000 of turnover is the lowest bar here.
Choose Funding Circle if you have a year of trading and would rather have a fixed annual rate you can see than pay-as-you-use pricing you cannot.
One point on comparing invoice finance specifically. A monthly discount charge on invoice value is not an APR and cannot be converted into one without knowing how long your customers actually take to pay. Two facilities quoting 1.5% per month cost very different amounts if one ledger settles in 30 days and the other in 75. Ask every provider for the discount charge, the service fee, the advance percentage and any minimum monthly fee, then model them against your real debtor days. Lendus is an introducer that compares the panel; it is not a lender and does not approve or decline applications.
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