iwoca vs Capify: Which is Better?
iwoca wins on rates (1.08x vs 1.20x), minimum (£3k vs £15k), and rating (4.7 vs 4.1). Capify only better if you need £150k+ and iwoca caps you.
Winner: iwoca
iwoca beats Capify on every metric except maximum amount. Better rates, lower minimum, higher approval rate, better reviews. Only choose Capify if you need £150k+ and iwoca declines.
Cost difference on £50k: iwoca £7,500 cost vs Capify £17,500 cost = Save £10,000
Head-to-Head Comparison
| Feature | iwoca | Capify | Winner |
|---|---|---|---|
| Factor Rate | 1.08-1.25x ✓ | 1.20-1.45x | iwoca |
| Min Revenue | £3,000 ✓ | £15,000 | iwoca |
| Max Amount | £500,000 | £500,000 | Tie |
| Trustpilot | 4.7/5 ✓ | 4.1/5 | iwoca |
| Approval Rate | 85% ✓ | 70% | iwoca |
| Personal Guarantee | Not under £50k ✓ | Required | iwoca |
Score: iwoca wins 5/6 categories
When to Choose Capify Over iwoca
Only choose Capify if:
- You need £150k-£500k and iwoca caps you at £100k
- You've been declined by iwoca/YouLend/365 (Capify works with harder cases)
- You need multiple funding rounds simultaneously (Capify allows this)
Cost Comparison on £100k
- iwoca (1.20x): £120k total = £20k cost
- Capify (1.35x): £135k total = £35k cost
- Difference: Capify costs £15,000 more
Conclusion
iwoca is dramatically better for 95% of businesses. Better rates, lower minimum, no personal guarantee under £50k, and 4.7/5 rating vs Capify's 4.1/5.
Only use Capify if you need huge amount (£150k+) that iwoca won't provide, or if iwoca has declined you.