Export Invoice Finance

Export invoice finance advances up to 85% of your international invoices within 48 hours, while the provider handles overseas credit checks, currency risk, and collections through local correspondent factors. It is available to UK businesses exporting goods or services to customers in 80+ countries with annual turnover from £100,000.

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Export invoice finance advances up to 85% of your international invoices within 48 hours, with the provider handling overseas credit checks, currency risk, and collections through local correspondent factors in 80+ countries.

Summary

Export factoring lets UK businesses finance invoices to overseas customers in multiple currencies. Providers use the FCI correspondent factor network for local credit checks and collections. Bibby covers 80+ countries, Close Brothers 60+, and Novuna 50+. Available from £100k turnover.

This Page Covers

How export factoring works step by step, multi-currency support, overseas collections via FCI network, best UK providers for export finance, and cost differences vs domestic factoring

Not Covered Here

Domestic invoice finance guides, individual provider reviews, detailed cost breakdowns

How Export Factoring Works

1.You invoice your overseas customer in their local currency or GBP.
2.The UK factor checks your customer's credit via their overseas correspondent.
3.They advance 70-85% of the invoice value in GBP within 48 hours.
4.The overseas correspondent collects payment in the local jurisdiction.
5.You receive the balance minus fees and any currency adjustment.

Best UK Providers for Export Finance

Provider	Countries	Multi-Currency?	FCI Member?
Bibby	80+	Yes	Yes
Close Brothers	60+	Yes	Yes
Novuna	50+	Yes	Yes

Oliver Mackman

Director, Market Invoice

Oliver leads Market Invoice's editorial and comparison research. With a background in UK commercial finance, he oversees provider analysis, rate verification, and industry reporting across all verticals.

Last reviewed: 5 April 2026

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Export Invoice Finance FAQ

Can I finance invoices in foreign currencies?

Yes. Most export factoring providers offer multi-currency ledgers covering EUR, USD, and other major currencies. Some also offer forward currency contracts to lock in exchange rates and eliminate currency risk on specific invoices.

How does the provider collect from overseas customers?

Export factoring providers work with correspondent factors in the debtor's country. These local partners handle credit checking, collections, and if necessary, legal action in the local jurisdiction. This is coordinated through the FCI (Factors Chain International) network.

Is export invoice finance more expensive?

Yes. Export factoring typically costs 1-3% more than domestic factoring due to additional currency risk, overseas credit checking, and the correspondent factor network. However, the cost is often offset by faster payment and reduced bad debt risk.