YouLend vs iwoca: Which is Better? (2025)
Head-to-head comparison: iwoca wins on rates (1.08x vs 1.10x) and minimum revenue (£3k vs £8k). YouLend wins on e-commerce integration. Which saves you more money for your business growth?
Winner: iwoca (for most businesses)
iwoca beats YouLend on value for 70% of businesses. Lower rates (1.08x vs 1.10x), lower minimum revenue (£3k vs £8k), and better Trustpilot rating (4.7 vs 4.3). Saves typical business £3,000-£5,000 on £50k funding.
Exception: If you're a high-volume e-commerce business on Shopify/Amazon, YouLend's platform integration may outweigh iwoca's slightly better rates.
Head-to-Head Comparison
| Feature | iwoca | YouLend | Winner |
|---|---|---|---|
| Factor Rate | 1.08-1.25x ✓ | 1.10-1.35x | iwoca |
| Min Revenue | £3,000/mo ✓ | £8,000/mo | iwoca |
| Approval Time | 24 hours | 24-48 hours | iwoca |
| Trustpilot Rating | 4.7/5 (3,250) ✓ | 4.3/5 (1,240) | iwoca |
| E-commerce Integration | Basic | Excellent ✓ | YouLend |
| Personal Guarantee | Not under £50k ✓ | Usually not ✓ | Both good |
| FCA Authorized | Yes ✓ | Yes ✓ | Tie |
Cost Comparison: £50,000 Funding
iwoca at 1.15x
£50,000 × 1.15 = £57,500 total
Cost: £7,500 (15%)
YouLend at 1.25x
£50,000 × 1.25 = £62,500 total
Cost: £12,500 (25%)
Difference
iwoca saves you
£5,000
on the same £50k advance
When to Choose YouLend
- Heavy Shopify user: Seamless integration, pulls data automatically
- Amazon FBA seller: Better understanding of marketplace cash flow
- Need large amount (£100k+): More likely to approve very large advances
- Repeat borrower: Repeat customer rates can match iwoca's first-time rates
When to Choose iwoca
- You want best rates: 1.08x beats YouLend's 1.10x minimum
- Revenue is £3k-£8k/month: YouLend won't accept, iwoca will
- You value highest Trustpilot rating: 4.7/5 vs YouLend's 4.3/5
- You're retail/services: iwoca is better generalist option
- Want guaranteed no PG: Explicitly confirmed under £50k
The Verdict
For 70% of businesses: iwoca wins
Better rates, lower minimum, higher customer rating. The £3,000-£5,000 savings on typical £50k advance outweighs YouLend's e-commerce integration for most.
For heavy e-commerce: YouLend wins
If you do £100k+ monthly on Shopify/Amazon, YouLend's seamless integration and understanding of marketplace cash flow is worth the slightly higher rates.
Best approach: Apply to both
Get competing offers, choose the best rate. Takes 10 minutes, saves thousands. Compare both providers side-by-side to make the smartest decision for your business growth.
Get Quotes from Both YouLend & iwoca
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Compare Both ProvidersFrequently Asked Questions
Which is cheaper: YouLend or iwoca?+
iwoca is cheaper for most businesses. Factor rates start from 1.08x vs YouLend's 1.10x minimum. On a £50k advance, iwoca typically saves £3,000-£5,000 compared to YouLend.
Can I apply to both YouLend and iwoca?+
Yes! Applying to both takes just 10 minutes and lets you compare offers side-by-side. Choose the best rate for your business. This is the smart approach.
Which is better for e-commerce businesses?+
YouLend is better for heavy e-commerce (Shopify/Amazon) due to seamless platform integration. However, iwoca's lower rates may still make it the better choice financially.