Treyd vs Funding Circle: one invoice settled, not a loan to carry
Funding Circle lends money to your business, with monthly repayments that can run for up to six years. Treyd pays your supplier’s invoice directly, in their currency, and you repay once — on a date you choose, up to 120 days later. A different shape of funding for a different kind of cash-flow gap.
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One repayment at the end, not twenty-four along the way
Funding Circle gives your business access to capital — loans, FlexiPay and asset finance — and you decide how to put it to work. Treyd starts somewhere more specific: with the supplier invoice sitting in front of you. The clearest difference is what happens next. A business loan starts collecting monthly, a month after funding, and can run for up to six years. With Treyd, nothing leaves your account until the date you chose.
Treyd, on a 120-day term
1
repayment — the invoice plus the fee, on the date you choose.
months 1–2 · being made and shipped
months 3–4 · selling
months 5–24 · nothing outstanding
Nothing leaves your account until the date you chose — 30, 60, 90 or 120 days out. Repay earlier and the fee stops there, and your Treyd limit becomes available to use again. If you don't use it, it costs you nothing.
A £100,000 business loan over 24 months
24
repayments — one every month, starting a month after funding.
months 1–2 · being made and shipped
months 3–4 · selling
months 5–24 · still repaying
Four repayments fall due before the stock in this example has finished selling, and twenty more after it has. On Funding Circle's own calculator this loan repays £115,568 in total — the £100,000 plus a £6,900 completion fee and £8,668 interest.
An illustration, not a quote. This example assumes a 16-week order — eight weeks being made and shipped, then eight weeks selling — set against a £100,000 Funding Circle business loan over 24 months, at the rate its calculator quotes for its lowest-risk businesses. One cell is one month, with any repayment falling at month end. Funding Circle lends over terms from 6 months to 6 years and prices on its own credit assessment; FlexiPay works differently again, over 1, 3, 6, 9 or 12 instalments. Your terms will differ — compare the actual terms offered by each provider.
Funding Circle can be cheaper. That doesn't always make it the better fit.
Start with the obvious bit: for committed, longer-term borrowing, Funding Circle can cost less than Treyd. Here is the arithmetic, on Funding Circle's own published figures — and then the parts a headline rate doesn't cover.
Funding Circle's calculator shows a £100,000 loan over 24 months, at the rate quoted for its lowest-risk businesses, with a £6,900 completion fee and £8,668 interest — £115,568 repaid in total. Because the loan is repaid monthly, the outstanding balance falls over time: on that example the average balance is around £52,000.
Treyd, on a 120-day term
Month 1Month 24
£100,000 stays available until the repayment date you chose
A £100,000 loan over 24 months
Month 1Month 24
≈£52,000 available on average as you repay
FlexiPay is the closer comparison
FlexiPay splits a single transaction across 1, 3, 6, 9 or 12 monthly instalments for a flat fee. Funding Circle's published examples, on £1,000:
3 months · fee 3.99%£1,000 repaid as £1,039.90
6 months · fee 7.99%£1,000 repaid as £1,079.90
12 months · fee 15.99%£1,000 repaid as £1,159.90
Because the balance is being repaid monthly, the cost relative to the money still available to the business is higher than the flat fee suggests.
Cost per month, measured against the capital actually outstanding
Funding Circle loan · 24 months
≈1.25%
FlexiPay · 3 to 12 months
2.0–2.5%
Treyd · 30 to 120 days
1.4–3.0%
Treyd's fee is a flat 1.4–3% per month of the amount financed, so its range overlaps FlexiPay's and sits above the loan's. For long-term borrowing, Funding Circle wins that comparison.
A useful way to compare quotes. Look at the total cost, when repayments begin, how much capital remains available over time, and how long you actually need the funding.
- A term loan is committed capital. Treyd is invoice by invoice. Borrow £100,000 for 24 months and you're committed to that repayment schedule. With Treyd, you can fund one supplier invoice for 90 days, repay it, and reuse the Treyd limit when the next order comes along.
- Funding Circle requires a personal guarantee on its approved business loans. On shorter flexible loans it says the guarantee limit is typically set at twice the initial loan amount to allow for top-ups. With Treyd, a personal guarantee may form part of the facility depending on its size and structure — and you'll know before you agree.
- The repayment shape is different. Funding Circle starts collecting monthly. Treyd takes one repayment on the date you chose, which can make it easier to match the funding to a specific stock cycle.
- With a Funding Circle loan, you pay the supplier yourself. Treyd settles the supplier invoice directly, including overseas payments in the supplier's currency at a rate shown before you commit.
For two years of committed capital, Funding Circle may be the better tool. For a 90-day gap between paying a factory and selling the stock, compare both on that 90-day job.
Illustrative, using figures published by Funding Circle on 11 September 2026: the £100,000 / 24-month breakdown from its business loan calculator, and the FlexiPay worked examples on its product page. Cost per month is total cost divided by the mean outstanding balance divided by the number of months. Funding Circle notes that actual pricing depends on its credit assessment, and FlexiPay's flat fee starts from 1.99% per transaction. Treyd's fee is a flat 1.4–3% per month of the amount financed. Compare the quotes you're actually given over the same period.
Treyd vs Funding Circle, side by side
Funding Circle lends your business money — through loans, FlexiPay and asset finance — and you put it to work. Treyd settles a supplier invoice for you and takes one repayment. Here is how the two compare on the things that decide it.
| Compared on | Treyd | Funding Circle |
|---|---|---|
| Who receives the money | Your supplier, paid directly in their own currency at a rate shown before you commit |
Your business. Loan: a lump sum into your account. FlexiPay: card payment, transfer to a UK bank account, or withdrawal into your own account. You pay the supplier. |
| What it funds | Supplier invoices across your trade cycle — inventory and raw materials, freight and marketing spend — plus advances on invoices you've issued to your customers |
Almost anything — stock, VAT, rent, utilities, equipment, vehicles, hiring, refinancing |
| How you repay | One payment, on a date you choose |
Monthly instalments. Loan: 6 months to 6 years. FlexiPay: 1, 3, 6, 9 or 12 months. |
| When repayments start | On your chosen date, 30–120 days out. Nothing before that. |
A month after funding |
| Pricing | A flat 1.4–3% per month of the amount financed. On a 90-day term, 4.2–9% in total, shown on each invoice before you confirm. Unused limit costs nothing. |
Loan: rates from 6.9% per year plus a one-off completion fee. FlexiPay: a flat fee from 1.99% per transaction; its own examples show 3.99% over 3 months, 7.99% over 6 and 15.99% over 12. |
| Maximum | Up to £2m on payables and up to £2m on receivables — £4m across both |
Loan: £10,000–£750,000. FlexiPay: up to £250,000. Asset finance: £10,000–£5m via partners. |
| Equity | Neither takes equity in your business. |
|
| Personal guarantee | Sometimes part of the facility, depending on its size and structure — we'll tell you up front if it is |
Required on every approved business loan. On flexible loans under 24 months the guarantee limit is typically twice the loan amount. |
| Paying overseas suppliers | Paid directly in their local currency, at a rate shown before you commit. Your supplier needs no account with us. |
Bank transfers go to UK accounts. To pay an overseas supplier you'd use the FlexiPay Visa card where cards are accepted — Funding Circle says there is no forex fee on card spend. |
| Reusing the facility | Repay early and your Treyd limit becomes available to use again |
Loan: repay early without an early settlement fee, but the loan closes rather than becoming a reusable limit. FlexiPay: revolving — clear the balance early and remaining instalment fees are waived. |
| Advancing your own customer invoices | Yes — the same Treyd limit can also advance invoices you've issued |
Not offered |
| Government-backed lending | Not offered |
Accredited under the British Business Bank's Growth Guarantee Scheme, £25,001–£250,000 |
| Speed | Onboarding in as little as a few hours; suppliers paid within 24h of approval |
Apply in 7 minutes, a decision in as little as 1 hour, funds typically within 48 hours. FlexiPay: a decision in 3 minutes and same-day drawdown before 2pm. |
| Where your business can be based | UK, Ireland, Sweden, Denmark, Norway and Finland |
UK, trading 1 year or more |
| Who you're dealing with | An independent payment institution, regulated by Finansinspektionen in Sweden |
A listed UK lender, FCA authorised (FRN 722513), with £18 billion lent to 135,000+ UK businesses |
| Support | A named account manager and a human team you can reach |
UK-based phone and online support |
| Built for | Product businesses paying suppliers — wholesale, DTC, retail, importers |
UK SMEs across a wide range of industries and funding needs |
On pricing. Treyd and Funding Circle price on different bases — a flat monthly fee on an amount financed against an annual rate plus a completion fee, or a flat transaction fee. Compare the total cost over the same number of months, using the quotes you're actually given.
Built in
Works differently
Not offered
Rows without a mark are descriptive differences, not scores.
Comparison based on publicly available information, last reviewed 11 September 2026. Funding Circle details sourced from its UK homepage, business loans, shorter-term loans and FlexiPay product pages, and its Growth Guarantee Scheme accreditation. Funding Circle offers several products; where a row refers to a particular one, it says so. Treyd is not affiliated with Funding Circle. Terms change — check current terms with each provider before you decide. Spotted something out of date? Tell us and we'll fix it.
Why product brands pick Treyd
When growth moves faster than cash, you need funding that solves the actual problem: paying suppliers before your customers pay you.
Repay a fixed amount on a date you choose — 30 to 120 days out. No slice taken from every day's sales, so your cash flow stays predictable.
Fund stock and orders without dilution. Your limit grows as you do, and repaying early frees it up to use again.
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When Funding Circle is the better fit
Treyd and Funding Circle solve different jobs. There are plenty of situations where Funding Circle could be the better choice:
- You want lower-cost, committed capital for a year or more. For longer-term borrowing, Funding Circle's business loan can be better value than repeatedly using short Treyd terms.
- You're funding something other than the supplier side of your cash cycle. A vehicle, machinery, VAT bill, refurbishment or long-term hire, for example. Funding Circle covers a much broader range of business spending.
- You want a government-backed loan. Funding Circle is accredited under the Growth Guarantee Scheme. Treyd doesn't offer government-backed lending.
- You need asset finance. Funding Circle offers asset finance of up to £5m through partner providers.
- You want a lump sum in your business account. With a Funding Circle loan, you decide where the capital goes rather than linking the funding to individual supplier invoices.
But if the problem is more specific — you've got a factory to pay today and stock that won't turn into cash for another 60, 90 or 120 days — Treyd is designed around exactly that cycle.
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