Fixed rates
Fast payments
No faff
Business Finance Simplified.
Instantly check eligibility for up to £350,000 credit.
Sign-up and use credit to make payments.
Repay, reuse, repeat.
Fixed rates
Fast payments
No faff
Business Finance Simplified.
Instantly check eligibility for up to £350,000 credit.
Sign-up and use credit to make payments.
Repay, reuse, repeat.
Access a Credit Limit of up to £350,000 per month
Up to £40,000
For businesses under two years with under £250k annual turnoverLimits from £5k
-
Monthly Platform Fee: 0.5% of credit limit
-
Company Trading Period: Over one year
-
Annual Turnover: Over £50k
-
Negative Net Tangible Assets Considered
-
CCJs: None outstanding
-
Personal Guarantee Required
Up to £350,000
For businesses over two years with over £250k annual turnoverLimits from £5k
-
Monthly Platform Fee: 0.3% of credit limit
-
Company Trading Period: Over two years
-
Annual Turnover: Over £250k
-
Positive Net Tangible Assets Required
-
CCJs: None outstanding
-
Personal Guarantee Required
Award Winning Credit Limits up to £350,000
Monthly Platform Fee
£0
Interest Rate
0%
per 30 days on used creditRequired Annual Revenue
£0
Example Repayment Structure
Figures shown are for illustration purposes, based on utilising your full credit limit for an initial payment.
As you make repayments, credit becomes available again - that's the benefit of our revolving credit facility.
Actual repayments will be calculated per individual credit transaction
How to apply
Instantly check eligibility, see your indicative credit limit, and apply.
Once approved, receive instant access to your pre-approved credit line – up to £350,000.
Credit is revolving and businesses repay over six months.
As seen in
Taking the Faff out of Finance
Learn how we’ve empowered businesses like yours.
Unsecured Credit
multifi provides unsecured credit based on business performance. This enables a faff-free approval process. A Personal Guarantee is required to help us provide unsecured lending at competitive rates while ensuring responsible lending practices.
Highly Competitive FX Rates
multifi’s competitive foreign exchange rates mean you can make payments to payees and suppliers in more than 180 countries.
Revolving Credit
Borrow, repay, and borrow again up to your credit limit without needing to reapply each time for business finance.
Each credit payment you make is automatically split into six equal monthly repayments. For example, if you spend £6,000, this would be repaid as six monthly payments of £1,000 (plus applicable interest and monthly platform fees).
No Setup Fees
There are zero set-up fees and you pay a monthly fee of 0.3%-0.5% of your credit limit with an interest rate of 2.49%-3.49% per 30 days on used funds.
How multifi business finance works
FAQs
multifi complements existing Invoice Finance agreements. Update your bank details with your provider to receive drawdowns into your new multifi Current Account.
Your multifi Current Account functions as a basic current account, allowing you to send payments, withdraw and deposit money, and includes an assigned bank account and sort code.
The typical calculation for credit limits is 15% of business turnover in the last 12 months turnover. Further factors to this calculation include:
- Existing Security: Do other lenders have secured loans with your company, and what would happen if they initiated a recovery process?
- Other Lenders: Who are these lenders, and are their credit products suitable for your investment or spending goals?
- Credit Account Requirement: Could existing facilities, like overdrafts or invoice financing, interfere with our Current Account requirements?
- Suitability of multifi Product: Is our product fit for investment goals? For example, using credit to refurbish premises may not directly generate a return within four months to repay used funds and associated fees.
An automatic sweep from your Current Account to your nominated business account occurs daily at the close of business, adjusting for due fees. You can withdraw funds anytime. The sweep is enabled by default but can be disabled in your account settings.
Yes, Personal Guarantees help us provide unsecured lending at competitive rates while ensuring responsible lending practices.
Once a credit limit has been offered, the business has 14 days to decide. After that the business would have to reapply.
