Liberis vs Merchant Money Revenue-Based Finance Comparison 2026

Liberis and Merchant Money Revenue-Based Finance, delivered through Liberis and the rebranded Momenta Finance that trades as Merchant Money Limited in the UK according to the Momenta Finance site, both offer funding that links repayments to your business takings rather than a fixed monthly loan schedule. Liberis focuses on embedded revenue-based finance products such as its Working Capital advances, where funding is provided in exchange for a share of future card and payment processor revenues based on its Explore Funding page. Momenta Finance offers a Business Cash Advance product that functions as a merchant cash advance, with repayments taken as a proportion of card sales according to its Business Cash Advance page. This guide looks at how the two approaches compare on product structure, costs, speed, and suitability for different types of UK SMEs. It is designed for information only and is based on publicly available information as of early 2026, so individual offers will vary and should always be checked directly with each lender.

1. Products and terms at a glance

Liberis positions itself as a revenue-based finance provider that partners with platforms and payment providers to offer funding to small businesses in exchange for a percentage of future revenues based on its Explore Funding page. The core structure is that you receive an advance of working capital, then repay through a fixed share of your daily card or payment processor takings until a pre-agreed total amount has been collected according to its Working Capital product page. Liberis stresses that this is not a traditional business loan but funding tied to revenue, with no fixed term and repayments that flex with sales based on its product description.

Merchant Money Revenue-Based Finance (Momenta Finance) is effectively delivered through the Momenta Finance Business Cash Advance product. Momenta explains that its Business Cash Advance provides a lump sum that is repaid via an agreed percentage of a business's card takings, which continue until a fixed total amount is collected according to its Business Cash Advance page. The product sheet for this advance describes features such as a fixed "factor rate" applied to the funded amount and repayments aligned with card turnover based on its Business Cash Advance product sheet. This is a classic form of merchant cash advance or revenue-based finance and is distinct from traditional unsecured term loans.

For both providers, the concept is similar to a non amortisation loan style structure where there is no fixed monthly repayment and the actual duration varies with your sales, rather than declining capital and interest payments on a fixed schedule.

Legal entity and regulatory position

• Liberis: The Liberis group positions itself as a provider of revenue-based finance to small businesses globally based on its About Us page. In the UK, its funding is typically provided to businesses via partners and is structured as the purchase of future receivables rather than a regulated consumer credit loan, so it is not marketed as a personal or consumer borrowing product according to its Explore Funding page.
• Merchant Money Revenue-Based Finance: Merchant Money Limited trades as Momenta Finance and is authorised and regulated by the FCA in respect of its consumer credit activity according to the Momenta Finance homepage. Its Business Cash Advance is a commercial product aimed at limited companies and other businesses, structured around card takings rather than consumer credit based on its product page.

Funding amounts and use cases

• Liberis: The Working Capital product describes funding from £1,000 up to £500,000, with the amount linked to a business's revenue levels and payment processing history according to its Working Capital page. Liberis highlights typical use cases such as managing cash flow, buying stock, investing in marketing, and hiring staff, although specific examples and testimonials relate to individual partners and sectors based on its Starter Capital product page.
• Merchant Money Revenue-Based Finance (Momenta): The Business Cash Advance product sheet indicates advance amounts from £30,000 up to £150,000 for UK businesses that process a sufficient volume of card transactions based on the Momenta Finance BCA product sheet. The website points to uses such as stock purchases, equipment, refurbishments, and working capital where card revenues are strong according to its product overview.

The different minimum and maximum funding amounts mean that Liberis may be more accessible for smaller ticket funding under £30,000 and potentially for larger advances, while Momenta focuses its Business Cash Advance on mid-range amounts although the exact limits and eligibility can vary depending on turnover and risk appetite, so businesses should treat these figures as indicative and subject to change.

Eligibility and trading history

• Liberis: Eligibility depends on the specific partner channel and product but generally requires a UK-based business that accepts card or digital payments and has a consistent revenue track record based on its Explore Funding page. Third party reviews note that Liberis typically requires several months of trading and minimum average monthly card takings, although the exact criteria vary and are not set out in a single public eligibility table according to an Expertsure review of Liberis.
• Merchant Money Revenue-Based Finance (Momenta): Momenta's own eligibility guidance states that to qualify for a Business Cash Advance you must accept card payments and reach a minimum average of £10,000 in card sales per month, with a trading history that allows them to assess card takings based on the Capalona lender profile for Momenta Finance and Momenta's product page. As with Liberis, the exact trading history required can vary and applications are assessed on a case by case basis.

2. Costs and repayments in practice

How pricing works

Neither Liberis nor Momenta publishes a standardised APR or headline rate table for all customers. Instead, both quote a total repayment amount or factor-based cost tailored to the business, so the effective rate varies.

• Liberis: Liberis explains that businesses repay a pre-agreed total amount that combines the advance and the fixed cost of funding, with repayments taken as a percentage of daily revenue until this total is cleared based on its Working Capital page. The company emphasises that there are no additional fees such as late payment charges, because repayments vary with sales, and there are no fixed monthly instalments according to its Explore Funding description. Pricing is risk-based and varies between businesses.
• Merchant Money Revenue-Based Finance (Momenta): Momenta's Business Cash Advance uses a factor rate applied to the amount advanced, so the total amount repayable is the advance multiplied by the factor according to its BCA product sheet. The daily or weekly repayments are collected as an agreed percentage of card receipts until this total amount is repaid based on its product page. Exact factor rates are not listed publicly and are assessed individually.

Because rates are bespoke, any specific APR or factor rate assumptions in this comparison must be treated as illustrative only and the real cost will vary for each applicant.

Repayment mechanics

• Liberis: For its Working Capital product, Liberis collects repayments automatically via the business's payment processor or card acquirer as a fixed share of daily takings according to its product page. There is no fixed end date and the repayment period flexes with the level of sales. If trading stops for more than seven days the business must inform Liberis, since unreported breaks can trigger collections procedures based on the Working Capital terms summary.
• Merchant Money Revenue-Based Finance (Momenta): Momenta similarly collects repayments as a proportion of card sales, which means the duration of the Business Cash Advance adjusts with card turnover. The product sheet confirms that repayments are designed to align with daily card takings via the card terminal provider, reducing or increasing as sales fluctuate according to its BCA document. Specific percentages and collection methods are agreed in the facility documentation.

The result is that both products share core characteristics: flexible repayment duration, no fixed monthly instalment, and card or processor-linked collections that are higher in strong trading months and lower when takings dip.

Illustrative comparison table

The table below uses purely illustrative numbers to show how cost and daily repayments could look in practice for similar revenue-based facilities. These figures are not quoted rates from either lender, actual offers from Liberis or Momenta will vary.

Again, the figures here are for explanation only, not actual offers.

Worked example 1, moderate turnover retail business

A retail shop takes an advance to fund a refurbishment. The following scenario is illustrative only and not based on specific published rates.

• Business: High street retailer with strong card sales.
• Average monthly card takings: £60,000.
• Chosen product: Liberis Working Capital advance based on Liberis's product description.
• Advance amount: £30,000.
• Assumed total repayable: £39,000 (illustrative).
• Repayment share: 10% of card takings (illustrative).

With monthly card takings of £60,000, 10% equates to £6,000 per month in repayments. Dividing the total repayable of £39,000 by £6,000 gives a notional repayment duration of around 6.5 months. If the business has a strong seasonal period where card takings rise to £80,000 per month, the same percentage repayment would rise to £8,000, shortening the actual repayment period. If takings fall in a slow period, the monthly repayment similarly drops and the term lengthens. This illustrates the core feature that Liberis highlights: repayments flex with trading performance based on its overview of revenue-based finance.

Worked example 2, hospitality business using Merchant Money Revenue-Based Finance (Momenta)

The second scenario uses Momenta Finance's Business Cash Advance and is also illustrative rather than based on disclosed rates.

• Business: Restaurant with stable card turnover.
• Average monthly card takings: £100,000.
• Chosen product: Momenta Finance Business Cash Advance according to its product page.
• Advance amount: £50,000 (within the range often associated with revenue-based cash advances in sector reviews such as Merchant Savvy's overview of merchant cash advance lenders).
• Assumed factor-based total repayable: £67,500 (illustrative).
• Repayment share: 15% of card takings (illustrative).

With monthly card takings of £100,000, 15% would mean £15,000 per month towards the advance. Dividing £67,500 by £15,000 suggests an indicative repayment period of around 4.5 months if sales stay constant. If card turnover dips to £70,000 in a slower season, monthly repayments at the same percentage would fall to £10,500 and the repayment duration would extend. As Momenta highlights, this is designed so that payments remain aligned with cash flow, a key selling point of revenue-based and merchant cash advance products based on its Business Cash Advance explanation.

Fees and penalties

• Liberis: Liberis states that there are no late payment fees because repayments are automatically collected as a percentage of revenue, so missed instalments in the traditional sense do not arise, based on its overview of how the product works. However, businesses must notify Liberis if trading stops and unreported breaks can lead to collection action, which may carry additional consequences according to the Working Capital product terms summary. Any non-standard charges would be set out in offer documentation.
• Merchant Money Revenue-Based Finance (Momenta): Momenta's public materials focus on the factor cost and percentage of card takings, with no detailed public schedule of additional fees on the Business Cash Advance page or product sheet based on its product description and BCA product sheet. Charges for specific circumstances, such as changes to the facility or default, are likely to be documented in the legal agreement rather than on the marketing pages.

3. Speed and service

Application and decision speed

Neither Liberis nor Momenta sets a guaranteed approval time for all applicants on their main product pages. However, both emphasise a streamlined, data-led process compared with traditional bank lending.

• Liberis: Through its embedded model, Liberis integrates with partner platforms and payment processors so that it can pre-assess eligibility using transaction data, which it says enables funding from quote to cash in minutes in some partner journeys based on its article on embedded automated funding. Many partner-branded journeys are marketed as fast and largely automated, although the actual time from application to funding varies by partner and applicant profile.
• Merchant Money Revenue-Based Finance (Momenta): Momenta's Business Cash Advance marketing focuses on speed and flexibility for SMEs, but its own page does not provide a specific time to decision or disbursement according to its product overview. Sector comparison sites describe Momenta and its predecessor Merchant Money as relatively fast, often providing decisions in a matter of days, although these timings are not formal service level commitments based on Merchant Savvy's comparison. So timing should be regarded as varies.

Customer support and account management

• Liberis: Customers seeking support can contact Liberis via phone or online forms, and Liberis provides FAQs and contact details through its site based on its Contact Us page. The company also publishes a dedicated complaints and customer feedback policy that sets out how it handles concerns and response times, including acknowledgement and resolution guidelines, according to its Customer Feedback Policy.
• Merchant Money Revenue-Based Finance (Momenta): Momenta provides contact details including phone and email for brokers and business customers on its website, and emphasises a relationship-led approach to underwriting and account management based on its homepage and the Rangewell lender profile. For complaints specifically, Momenta relies on its status as an FCA authorised firm, which means customers can escalate complaints to the Financial Ombudsman Service where eligible, although a dedicated complaints web page is not prominently linked from the Business Cash Advance page as of early 2026, so the detailed process may be provided within documentation or on request.

Digital experience

• Liberis: The embedded model means that many customers interact with Liberis inside partner dashboards such as payment processors or online marketplaces rather than on Liberis's own site, a point highlighted in its positioning as an embedded finance provider based on its About Us page. This can streamline application and ongoing management for businesses already using those platforms.
• Merchant Money Revenue-Based Finance (Momenta): Momenta markets itself as a broker-centric and relationship-focused lender, offering online enquiry forms but also emphasising phone and introducer-led engagement according to its main site and the Capalona profile. The digital experience is more traditional compared with Liberis's embedded partner journeys.

4. Who each lender suits

Liberis may be more suitable for businesses that:

• Take most of their payments via card terminals or online processors that integrate with Liberis partners, because this allows pre-assessed funding offers based on live transaction data according to its product overview.
• Need smaller advances starting around £1,000 or mid-size amounts up to several hundred thousand pounds, where the Working Capital limits align with their turnover based on Liberis's product page.
• Prefer a funding product that is explicitly framed as revenue-based finance rather than a traditional loan, with flexible repayment length and no standard monthly instalments according to its RBF explanation.
• Operate in sectors where card and digital payments are dominant, such as retail, hospitality, ecommerce, and certain services, since Liberis analyses these transaction flows as a key input to funding eligibility based on its eligibility overview.

Merchant Money Revenue-Based Finance (Momenta) may be more appropriate for businesses that:

• Have at least £10,000 per month in card sales and can meet the minimum Business Cash Advance criteria set out in Capalona's Momenta Finance profile.
• Seek advance amounts between £30,000 and £150,000, which align with the ranges described in Momenta's BCA product sheet.
• Prefer working with a lender that engages closely with brokers and introducers, providing tailored funding structures and factor-based pricing as explained in Rangewell's overview.
• Operate card-heavy businesses such as restaurants, retail outlets, and leisure operators, where merchant cash advances are often used to manage seasonal trading patterns, a use case highlighted in wider merchant cash advance market analyses such as Merchant Savvy's comparison.

Neither lender is likely to be a fit for businesses with very low or irregular card takings or those wanting a traditional amortising term loan secured on property or assets, where other forms of asset finance or term lending may be more appropriate.

5. How to apply

Applying with Liberis

• Identify whether you are eligible for funding via a Liberis partner platform, such as a payment processor or ecommerce marketplace, by checking any funding offers shown within your account or seeking information through partner communications as suggested on Liberis's Explore Funding page.
• Review the key terms of the proposed revenue-based finance offer, including total amount repayable, percentage of takings to be collected, estimated duration, and any conditions, which Liberis explains it provides clearly up front on its product page.
• Complete the application journey through the partner or directly with Liberis where applicable, providing consent for Liberis to access your transaction data and relevant business information based on its Terms & Conditions.
• Once approved and documents are signed electronically, funds are typically disbursed to your business bank account and repayments start automatically through the agreed share of card or processor takings according to Liberis's product explanation. The precise timing from application to funding varies.

Applying with Merchant Money Revenue-Based Finance (Momenta)

• Register interest in a Business Cash Advance directly via Momenta Finance's website using its enquiry form, or through a broker or introducer, as described on its Business Cash Advance page and on Rangewell's lender overview.
• Provide information about your business including legal structure, trading history, and card takings, along with card processing statements or access permissions so that Momenta can verify your monthly card revenues based on its BCA product sheet.
• Receive a tailored offer detailing the advance amount, factor rate, total amount payable, and percentage of card takings to be collected, which Momenta structures as part of its revenue-based Business Cash Advance product according to its product description.
• If you accept, sign the facility agreement electronically or via your broker, after which funds are released and repayments are collected through your card terminal or processor as per the agreed terms, with the duration flexing in line with card turnover.

In both cases, reviewing the full contractual documentation, including any security, guarantees, and default provisions, is crucial before committing. Liberis highlights that its terms and conditions govern how receivables are purchased and how collections work based on its T&Cs page, while Momenta as an FCA authorised firm must provide clear pre-contract information where regulation applies according to its regulatory disclosure.

6. Final verdict

Liberis and Merchant Money Revenue-Based Finance provided via Momenta Finance occupy similar territory in the UK funding market, both linking repayments to card or platform revenues rather than fixed monthly loan instalments. The main differences are in distribution model, typical funding ranges, and how pricing is framed. Liberis is strongly embedded in partner platforms and presents its products explicitly as revenue-based finance, while Momenta positions its Business Cash Advance as a broker-friendly merchant cash advance with factor-based pricing.

Given both lenders tailor their terms and cost to each applicant, there is no single cheaper or better option in every scenario. The right choice depends on your sector, card turnover profile, relationship with brokers or partner platforms, and how comfortable you are with factor-based pricing versus an agreed total cost of funding. Where possible, SMEs may wish to obtain indicative offers from both providers and compare total repayable amounts, cash flow impact, and contractual flexibility before deciding.

Choose Liberis if:

• Your business already uses a partner platform or payment processor that works with Liberis, and you receive a pre-approved or streamlined offer based on transaction data
• You need either relatively small advances from around £1,000 or potentially larger sums linked closely to your revenue profile
• You prefer a product framed as revenue-based finance with repayments taken as a percentage of future revenues rather than a traditional loan
• Your priority is a highly automated digital journey integrated into your existing business systems

Choose Merchant Money Revenue-Based Finance (Momenta) if:

• Your business has at least £10,000 per month of card takings and seeks a mid-size Business Cash Advance between roughly £30,000 and £150,000
• You value working with brokers or introducers who can position your case with Momenta and potentially negotiate flexible structures
• You are comfortable with factor-rate pricing and want a straightforward merchant cash advance linked to your card terminal
• Your sector is card-heavy, such as hospitality or retail, and you want repayments that track seasonal card turnover closely

7. Sources

• Liberis official site
• Liberis Explore Funding, product overview and revenue-based finance explanation
• Liberis Working Capital product page
• Liberis Starter Capital product page
• Liberis About Us page
• Liberis Customer Feedback and Complaints Policy
• Liberis Contact Us page
• Liberis Terms & Conditions
• Expertsure Liberis business loans review
• Momenta Finance (Merchant Money Limited) official site
• Momenta Finance Business Cash Advance product page
• Momenta Finance Business Cash Advance product sheet
• Capalona, Momenta Finance lender profile
• Rangewell, Momenta Finance overview
• Merchant Savvy, comparison of merchant cash advance lenders