Funding Circle FlexiPay explained: fees, limits and alternatives

FlexiPay is a revolving credit line from Funding Circle for UK limited companies. You use it to pay business costs, such as supplier invoices, bills or a tax bill, and repay each use in equal monthly instalments. Instead of interest, Funding Circle charges a flat fee each time you use it. Smart Funding Solutions is a broker, not a lender: we compare FlexiPay with other credit lines on our panel and arrange the one that fits.

Every fact about FlexiPay below comes from Funding Circle's own public pages, which we checked on 18 October 2026. Funding Circle can change its terms, so check the current details with Funding Circle before you apply.

01How FlexiPay works

1. Apply for a limit. Funding Circle says you get an instant decision on your credit limit, and its corporation tax page says you can apply online in 4 minutes.
2. Use the limit. Pay a bill, an invoice or a supplier through FlexiPay, or spend on the FlexiPay card.
3. Choose how long to repay. Each use is repaid in equal monthly instalments. Funding Circle lists 1, 3, 6, 9 or 12 instalments.
4. Reuse it. In Funding Circle's words, "when you make repayments, your available funds bounce back", so the limit is free to use again without a new application.

That makes FlexiPay a kind of revolving credit facility, but priced per use rather than by interest on a balance.

02FlexiPay fees: what Funding Circle publishes

Funding Circle's pages quote the fee in slightly different ways, depending on the page and its date. We list each one so you can see the range.

Funding Circle page	What it says about the fee
How FlexiPay gives you more credit than you think (published 13 August 2025)	Free to set up when you apply directly, with no interest or annual fees; a flat fee each time you use it, from 1.99% depending on the number of instalments
Overdrafts vs credit facilities vs FlexiPay (published 31 December 2024)	A flat fee from 1.5% per transaction; fee free when you pay off your card balance in 1 instalment
FlexiPay for Corporation Tax (checked 18 October 2026)	A flat fee from 1.99% per use; clearing your balance early waives remaining instalment fees for customers who joined after July 2024
FlexiPay through a broker (checked 18 October 2026)	A flat fee from 3.9% per invoice, repaid over 3 equal monthly instalments with 0% interest

The broker page shows that the fee can depend on how you apply. Ask for the fee on any FlexiPay offer in writing before you accept it.

FlexiPay cost example from Funding Circle

Funding Circle's FlexiPay card page gives these examples for a £1,000 purchase:

Repaid over	Monthly payment	Total repaid	Fee
3 months	£346.63	£1,039.90	£39.90
6 months	£179.98	£1,079.90	£79.90
12 months	£96.66	£1,159.90	£159.90

A flat fee is easy to understand, but it is not the same as a low rate. Because you pay the balance down each month, these examples work out at roughly 24% to 28% a year as a simple annual rate (our calculation from Funding Circle's figures). Compare that with the credit lines and loans in the table on our revolving credit page.

03FlexiPay limits and eligibility

• Limits: £2,000 to £250,000, according to Funding Circle's August 2025 page.
• Business type: a limited company.
• Trading: at least one year of trading history for direct applications.
• Credit score: Funding Circle's corporation tax page offers a "credit limit up to £250,000 without affecting your credit score".

When we arrange FlexiPay, the rate card Funding Circle gives us as a broker lists two years' trading and a personal guarantee from the directors. Our lender guide to Funding Circle's funding options covers its loans as well.

Funding Circle's pages quote the fee in slightly different ways, depending on the page and its date.

04What you can pay with FlexiPay

• Supplier invoices and bills. Funding Circle says you can pay business costs upfront, "such as purchases, bills and invoices".
• Corporation Tax. Funding Circle's corporation tax page sets a £100 minimum bill. Our corporation tax loans page compares other ways to spread the bill.
• Card spending. FlexiPay comes with a Visa card. Funding Circle says it has no foreign exchange fee, cannot be used for cash withdrawals and that Section 75 protection does not apply.

05FlexiPay pros and cons

Pros	Cons
No interest or annual fee when you apply directly	The flat fee can work out at a high annual rate on short repayments
The limit refreshes as you repay, without a new application	Limited companies only; sole traders and partnerships cannot apply
Instant decision on your limit, according to Funding Circle	Fees differ by route, and the broker route quotes from 3.9% per invoice
Can pay Corporation Tax, suppliers and card spending	The card cannot be used for cash, and Section 75 does not apply

£600,000A transaction we arranged£600K arranged, then another £400K as the business grew.A fast-scaling national training provider needed £600,000. Further funding followed as it grew, including a £400,000 facility.

06FlexiPay, a revolving credit facility or an overdraft?

Feature	FlexiPay	Revolving credit facility	Bank overdraft
How it is priced	Flat fee per use	Interest on the drawn balance, sometimes an arrangement fee	Interest on the overdrawn balance, plus arrangement and renewal fees
How you repay	Equal monthly instalments for each use	Set repayments or each drawdown cleared over a term	Money paid into the account
Limit	£2,000 to £250,000	From £10,000 to £20 million across our panel	Set by your bank
Withdrawn on demand?	Check the agreement	Usually agreed for a set period	Often repayable on demand

Our guide to business overdraft alternatives covers the options if your bank has reduced your limit.

07Funding Circle cashback card

Funding Circle also offers a cashback business credit card, separate from FlexiPay. It is a Visa card with a limit of up to £250,000, 2% cashback for the first 6 months (capped at £2,000) and then 1% with no cap, and up to 42 days interest-free if you pay the balance in full (Funding Circle, checked October 2026).

The two suit different spending. FlexiPay spreads each use over fixed instalments for a flat fee; the cashback card suits spending you clear in full every month, because a carried balance is charged interest at a representative 34.9% APR (variable). Existing FlexiPay customers are not yet eligible for the card. We arrange both; our business credit cards page explains how the card works and what it costs.

08Alternatives to FlexiPay

• Other credit lines on our panel: Multifi, Juice, Credit4, Bizcap and MyCashline each price and structure credit lines differently.
• Tax bills: a VAT loan or corporation tax loan spreads a quarter's or a year's tax over several months.
• Slow-paying customers: invoice finance advances cash against unpaid invoices.
• A one-off cost: an unsecured business loan may cost less over a longer term.

09How to get FlexiPay

You can apply directly on Funding Circle's website, or we can include FlexiPay when we search the market for you. We set its fee beside offers from other credit line lenders on our panel so you can compare the total cost.

Start with Instant Quotes to see your matches in minutes. There is no credit check, and any broker fee depends on the lender, with nothing to pay upfront. You can check any lender's status on the FCA register.