Capify vs Liberis: Which Lender Is Better for UK Business Finance?

Capify, operated in the UK by Capify Limited, provides working capital and business loan products to small and medium sized enterprises, and details of its offerings are outlined on its business loans page. Liberis, trading in the UK via Liberis Limited, focuses on revenue based finance that is repaid as a share of card and online takings, an overview of which is set out on its UK funding page. This comparison looks at how each provider structures its core products, typical use cases, eligibility criteria, and practical downsides, using only information that can be verified from their own documentation and from independent reviews. It is intended for UK business owners assessing non bank finance options in 2025 and 2026 and does not constitute regulated financial advice.

1. Products and terms at a glance

Capify

Capify is a UK based business finance provider that offers unsecured and secured business funding to small and medium businesses based on trading performance, as described on its business loans page and how it works section. The UK trading entity is Capify Limited, which is referenced in the footer and legal notices on the site.

Key product types include:

• Business loans that function as working capital facilities, typically structured as fixed term advances repaid through daily or weekly direct debit collections from the business bank account, based on Capify's product overview.
• A card revenue linked facility, often described in reviews and partner content as similar to a merchant cash advance, where repayments are taken as a share of card takings, referenced in Capify's business loans description and clarified in Funding Agent's Capify business loans review.
• Secured business loans for some borrowers, where business or personal assets are used as security, referenced in Funding Agent's Capify secured business loans guide.

Capify's eligibility criteria are presented in general terms. Typical factors include time trading, turnover and card revenue profile, as set out in the lender's how it works page and supported by Funding Agent's Capify review. Exact minimums and maximums for loan sizes or terms are not consistently published across 2024 to 2026 sources, so they are best treated as varies and confirmed at enquiry stage.

Liberis

Liberis specialises in revenue based finance that is repaid as a fixed percentage of future customer transactions rather than as a standard amortising loan, as described on its UK funding page. In the UK, the service is provided by Liberis Limited, which partners with payment providers and marketplaces to embed finance into existing merchant platforms, based on the Liberis about page.

Core product characteristics include:

• An advance of future card and online sales, with a fixed total amount to repay and collections taken automatically as a percentage of daily customer payments, based on Liberis's funding explanation.
• No fixed term in the traditional sense, since the facility runs until the agreed total amount has been collected via the specified share of takings, as set out in Liberis's FAQ section.
• Partnership distribution model, where many merchants access Liberis through integrated dashboards with acquirers or platforms rather than via a direct open website application, referenced in Liberis's partner pages and summarised by Funding Agent's Liberis review.

Liberis uses a revenue based assessment rather than conventional unsecured business loan underwriting, with eligibility linked to card turnover, business trading history and platform partnership status, according to its FAQ page. Specific minimum volumes or tenure thresholds are not consistently published for all partner programmes, so they should be regarded as varies.

How the product structures compare

Capify positions its primary offer as a business loan, often marketed as working capital finance, with a defined advance amount, an agreed total to repay and daily or weekly debits that behave similarly to a short to medium term unsecured business loan, although security or personal guarantees may still be required depending on the case, based on Capify's product overview and Funding Agent's Capify unsecured loans guide. Liberis, by contrast, describes its facility explicitly as a revenue based finance product that is not a traditional loan, where the business sells a portion of future revenues in exchange for an immediate advance, as set out in its UK funding explanation.

This structural difference has knock on effects for how predictable repayments are, how early settlement works and how affordability should be assessed in different trading scenarios, which are explored in later sections.

2. Costs and repayments in practice

How pricing is presented

Neither Capify nor Liberis publishes fixed headline interest rates, APRs or standard fee tables for all customers. Capify indicates that pricing is tailored based on business performance and risk profile, describing a single agreed total repayable that includes all costs, according to its how it works page. Funding Agent's overview of Capify business loans notes that the lender typically quotes a total repayable figure rather than a clear APR, which aligns with common practice in short term working capital products.

Liberis also uses a single fixed total to repay, calculated at the outset using a revenue based pricing model rather than a published APR, as outlined on its main product page. Funding Agent's Liberis business loans guide and Liberis alternatives comparison both report that Liberis commonly describes costs using a total repayable or factor style structure linked to projected card takings.

Because neither provider publishes up to date schedules of interest rates or factor rates that apply to all borrowers, and because product pricing can vary substantially with risk and channel, all numerical examples below are illustrative and labelled as varies.

Repayment mechanics

Capify's repayments are typically taken daily or weekly by automated debit from the business bank account, with amounts designed to align with average cash flow, as described in the how it works section. Funding Agent's Capify review notes that this structure can smooth cash flow compared with large monthly instalments but increases the frequency of outgoing payments, which matters for businesses with volatile daily sales.

Liberis collects repayments by splitting a fixed percentage of each relevant card or online transaction, so the daily cash impact rises and falls automatically with revenue, as confirmed on Liberis's funding page and detailed in its FAQ. Funding Agent's Liberis review notes that this is conceptually similar to a merchant style cash advance, where the main risk is that slower than expected sales extend the effective term and keep the deduction in place for longer.

Illustrative comparison table

The table below uses indicative numbers to show how a Capify style fixed term loan compares with a Liberis style revenue based facility for the same advance amount. Figures are illustrative only, since real world pricing varies.

Worked example 1, Capify style fixed loan (illustrative)

This example shows how cash flow might look with a fixed daily repayment structure. All figures are assumptions only and the underlying pricing varies by case.

• Assume a business receives an advance of £40,000 from a Capify style facility.
• Assume the total repayable quoted, including all costs, is £52,000 (this is an illustrative number, not a published rate).
• Assume the facility is structured over 12 months, with 260 business days of repayments.

On these assumptions, the indicative daily repayment would be £52,000 ÷ 260 = £200 per business day. If the business has average net cash inflows of £5,000 per week after other costs, then roughly £1,000 per week would go to servicing this facility and £4,000 would remain for other uses. If weekly revenue dips significantly, the daily repayment remains £200, which tightens cash flow until trading recovers or the facility is refinanced. This highlights why Capify emphasises an assessment of affordability and cash flow when structuring deals, as referenced on its how it works page.

Worked example 2, Liberis style revenue share (illustrative)

This example demonstrates how flexible deductions can alter the effective term for a revenue based facility. Again, all figures are assumptions and real pricing varies.

• Assume a business receives an advance of £40,000 from a Liberis style facility.
• Assume the agreed total repayable is £52,000 (illustrative only).
• Assume Liberis takes 10 percent of each card and online transaction, as an example percentage informed by ranges discussed in Funding Agent's Liberis review though specific shares vary.

If the business averages £50,000 per month in eligible card takings, the monthly deduction would be about £5,000. In that case the time to collect £52,000 would be roughly 10.4 months. If revenues slow to £30,000 per month, the deduction falls to £3,000 and the time to clear the balance extends to around 17.3 months. If revenues rise to £70,000 per month, the deduction rises to £7,000 and the facility could be cleared in about 7.4 months. As Liberis notes on its FAQ page, this variability is a core feature and is designed to keep repayment aligned with turnover, although it makes it harder to compare costs using a standard APR framework.

Understanding APR and factor style pricing

Capify and Liberis both focus their customer communications on total repayable rather than on a standard APR; this is consistent with the way many short term and revenue based products are marketed and is noted in Funding Agent comparisons such as Capify vs 365 Finance and Liberis alternatives. While neither site routinely uses the term APR in customer facing materials, businesses comparing funding options may still want to convert offers into an approximate APR for benchmarking purposes, using internal tools or a specialist business finance calculator that can model different repayment profiles.

Some revenue based providers internationally express costs using a factor rate, for example quoting that the total repayable equals the advance multiplied by an agreed factor. Liberis' public UK pages focus on a fixed total to repay rather than publishing factor rates, and current UK documentation does not provide a standard factor table, so any factor figures should be treated as varies and checked directly with the provider. Funding Agent's comparison of merchant style advances explains more generally how factor style pricing differs from APR.

Early repayment and additional fees

Capify indicates that there are no hidden fees beyond the agreed total repayable, although early settlement terms, potential discounts and any additional charges for late payment or default are governed by individual agreements and therefore varies, based on the limited disclosures on its site and commentary in Funding Agent's review. Liberis similarly describes its cost as a fixed total agreed upfront, with no additional interest accruing over time, but detailed early settlement rules, including whether discounts are offered for very rapid pay off, are set out in facility agreements and not fully published on its public pages, so again varies and should be confirmed directly.

3. Speed and service

Application and approval journey

Capify's application journey starts with an online enquiry form or a phone call, after which a funding specialist reviews the business and may request recent bank statements, card processing data and financial information, as described on its how it works page. Funding Agent's guide to business loans in 2026 notes that Capify is one of several non bank lenders that can process applications relatively quickly for eligible borrowers, although specific turnaround times are not guaranteed and therefore varies.

Liberis operates largely via integrations with payment and platform partners. Merchants often receive pre assessed offers in their acquirer or platform dashboard, based on recent card volumes, as explained in Liberis's partner information and summarised by Funding Agent's Liberis review. Because the platform already holds transaction data, the assessment can be streamlined, but actual approval and funding times are not standardised publicly and so varies.

Funding speed

Across independent reviews and case studies, Capify is generally described as providing funding faster than many traditional high street banks for straightforward cases, but with timing that depends on how quickly the applicant can supply information and satisfy any underwriting or security requirements, according to Funding Agent's review and third party aggregator commentary that cross references Capify's own statements. No binding same day or next day standard is published for all customers, so any specific timeline should be viewed as varies.

Liberis' revenue based model can also facilitate relatively rapid funding because much of the assessment is automated through transaction data, as indicated on its product page. However, neither Liberis nor Funding Agent publishes a fixed approval or payout timeframe that applies in every case, and service levels may differ by platform partner or sector, so again varies.

Customer service and support

Capify offers UK based phone and email support as well as an account manager for many customers, as stated on its support descriptions. Funding Agent's Capify review collates both positive and negative feedback from public review platforms, noting that many customers appreciate the personal contact and simple application process, while some raise concerns about the overall cost of finance or the impact of daily repayments on cash flow.

Liberis provides support via its partner channels and directly via email and telephone, with contact details and support information available on its contact page. Funding Agent's Liberis review reports a mixed range of customer feedback, with positive comments often focused on ease of access through partner dashboards and flexible repayments, and criticisms mainly centred on the total cost of funding and the cumulative impact of revenue based deductions during weaker trading periods.

4. Who each lender suits

Capify

Based on the way Capify structures its facilities and the types of businesses emphasised in its marketing and in Funding Agent's review, Capify may be relatively well suited to:

• Established businesses with consistent turnover that can accommodate fixed daily or weekly repayments from their cash flow.
• Firms that want a clear, pre agreed schedule for clearing the facility rather than a repayment duration that depends heavily on card takings.
• Borrowers comfortable with providing business performance data and potentially personal guarantees or security where required, as inferred from Capify's explanations and discussed in Funding Agent's guide to personal guarantees.
• Companies that may not qualify for longer term bank facilities but have strong card or general revenue that supports short term working capital borrowing, as illustrated across several case studies summarised in Funding Agent's Capify article.

Liberis

Liberis positions itself primarily for card taking and online payment merchants that favour turnover linked repayments. According to its product page and Funding Agent's review, Liberis may be relatively suitable for:

• Hospitality, retail and ecommerce businesses with high card or platform transaction volumes that want repayments to reduce automatically in quieter periods.
• Firms that prefer not to commit to fixed monthly instalments and are comfortable with a flexible effective term for repaying the facility.
• Merchants already using partner acquirers or platforms that surface pre approved or pre qualified Liberis offers in their dashboard.
• Businesses that understand merchant style or revenue based facilities and are prepared to compare the total repayable carefully with other options before proceeding.

Scenarios where caution is needed

For both Capify and Liberis, the main caution for borrowers is that facilities are typically short term or revenue linked and can be relatively expensive per pound borrowed compared with longer term bank loans, particularly for businesses that could access mainstream bank credit. Funding Agent's comparisons, including Capify vs 365 Finance and Liberis alternatives, stress the importance of understanding total cost and of using tools such as internal models or the overdraft alternatives guide to benchmark other options.

Businesses with very thin margins, highly volatile revenue or existing heavy debt commitments should assess affordability carefully. Because both lenders often require directors to give personal guarantees or to take responsibility for the facility, applicants should read terms closely and seek independent advice where needed, as highlighted in Funding Agent's personal guarantee explainer.

5. How to apply

Applying to Capify

Capify's application journey typically follows these steps, based on its how it works page and corroborated by Funding Agent's Capify loan guide:

• Initial enquiry via online form or phone, where the business shares basic details such as trading name, time in business and turnover.
• Provision of supporting documentation, such as business bank statements, card processing statements and possibly recent accounts, as suggested by Capify's explanation of its assessment process.
• Underwriting and offer, where Capify reviews performance and issues a tailored offer showing the advance amount, total repayable and repayment structure, without presenting a public APR.
• Signing documents electronically, including any personal guarantees or security agreements where required, followed by funding to the nominated business account.

Capify advises that eligibility and offers are subject to credit and affordability checks and that not all applicants will be approved, as noted on its site.

Applying to Liberis

Liberis usually distributes its funding through partners. The high level process, drawing on its funding page, FAQ and Funding Agent's Liberis review, tends to be:

• Eligibility check within a partner dashboard, where merchants see indicative offers calculated from their historical card or online transaction volumes.
• Completion of an application form that confirms business details, owner information and consent to data usage.
• Automated assessment and human review, using transaction data supplied by the partner acquirer or platform.
• Presentation of a final offer that sets out the advance, total repayable and repayment percentage, together with key terms.
• Acceptance of the offer and completion of digital documentation, after which funds are disbursed and revenue based deductions begin.

Because Liberis works with multiple partners, some of whom add their own eligibility filters, the exact application journey and information requested can vary between channels, even though the underlying product structure is similar.

Comparing offers in practice

When comparing a Capify offer with a Liberis offer, business owners may find it helpful to:

• Convert both offers into an estimated effective annual cost using internal spreadsheets or finance tools, recognising that revenue based products do not map perfectly onto standard APR calculations.
• Model different revenue scenarios to see how fast a Liberis style facility might be repaid if sales fall or rise versus the fixed schedule of a Capify style loan.
• Review security and guarantee requirements carefully for both offers, using references such as Funding Agent's personal guarantee guide.
• Consider alternative products such as asset finance or invoice finance where appropriate, especially for businesses with valuable equipment or strong receivables ledgers.

6. Final verdict

Capify and Liberis occupy overlapping but distinct spaces in the UK non bank SME finance market. Capify describes itself primarily as a business loan provider using performance based underwriting, with both unsecured style and secured options, according to its product information and Funding Agent's review. Liberis emphasises revenue based finance that is repaid as a share of card and online sales and differentiates itself from traditional loans, as outlined on its main UK page and in independent reviews.

For businesses, the more suitable option depends less on brand and more on revenue profile, preference for fixed versus variable repayments and tolerance for short term facility costs relative to longer term alternatives.

Choose Capify if:

• You prefer a fixed daily or weekly repayment structure and a more predictable time frame for clearing the facility
• Your business has relatively stable cash flow that can support regular debits without being closely tied to card volumes
• You want the option of both unsecured style and secured facilities through a single provider, subject to eligibility
• You value having a named account manager and direct relationship with the lender rather than accessing funds solely via a platform partner

Choose Liberis if:

• Your business takes a high proportion of payments via card or online and you want repayments to flex automatically with revenue
• You are comfortable with a variable effective term and focusing on total repayable rather than on a fixed loan term and APR
• You already use a Liberis partner acquirer or platform and can access pre assessed offers directly in your dashboard
• Your revenue is seasonal or volatile, so fixed daily or weekly repayments would pose more cash flow risk than a revenue share model

7. Sources

• Capify, Business loans product page
• Capify, How it works overview
• Capify, UK website footer and legal entity references
• Liberis, UK funding product page
• Liberis, About page and UK entity details
• Liberis, Frequently asked questions
• Liberis, Partner distribution information
• Liberis, Contact and support page
• Funding Agent, Capify reviews and analysis
• Funding Agent, Capify business loans guide
• Funding Agent, Capify secured business loans guide
• Funding Agent, Capify unsecured business loans guide
• Funding Agent, Capify vs 365 Finance comparison
• Funding Agent, Liberis lender review
• Funding Agent, Liberis business loans guide
• Funding Agent, Liberis alternatives comparison
• Funding Agent, What is a merchant cash advance explainer
• Funding Agent, How to understand personal guarantees in business loans
• Funding Agent, Can my business get a loan in the UK in 2026
• Funding Agent, Overdraft alternatives guide
• Funding Agent, Asset finance options overview
• Funding Agent, Invoice finance for agencies explainer
• Funding Agent, Asset finance calculator tool
• Funding Agent, Merchant style advance comparison