Decimal Factor
Decimal Factor is a UK FCA-authorised (FRN: 727177) alternative finance credit brokerage founded in 2008, arranging unsecured business loans, merchant cash advances, and invoice financing for SMEs declined by traditional banks.
- Company typePrivate
- Founded2008
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Decimal Factor does
Decimal Factor Limited is a UK-based alternative finance credit brokerage firm founded in 2008 by Manoj Karkhanis and headquartered at One Canada Square, Canary Wharf, London. The company arranges financing for UK small and medium-sized enterprises, with a stated focus on businesses that have been previously declined by traditional high-street banks. It is authorized and regulated by the Financial Conduct Authority (FRN: 727177) and operates with 101–250 employees.
The firm offers three core products through its online application portal: Unsecured Business Loans ranging from £5,000 to £500,000, Merchant Cash Advances / Flexi-Funding from £10,000 to £1,000,000 (repaid as a percentage of credit card sales), and Invoice Financing providing up to 90% of outstanding invoice values from £1,000 to £100,000. Applications are completed online in approximately 15 minutes, with tailored quotes delivered within 24 hours following team review. No upfront fees are charged, and initial soft credit checks are performed to preserve applicants' credit scores.
Decimal Factor generates revenue through interest and fees on arranged lending products, with pricing set per borrower based on creditworthiness rather than published rate cards. Its go-to-market is sales-led, supported by a self-service portal, organic social media presence on Facebook, Twitter, and LinkedIn, and direct customer support via email and phone. The Terms and Conditions reference affiliated entities — Cash on Mobile (UK), Decimal Factor Inc (US), and Cash on Mobile Inc (US) — described as related businesses under common ownership rather than subsidiaries. Only one funding round is disclosed in the source data: approximately $1.1 million in November 2019, with investors undisclosed.
Decimal Factor firmographics
Firmographics- Name
- Decimal Factor
- Legal name
- Decimal Factor Limited
- Website
- https://decimalfactor.co.uk
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Decimal Factor is a UK FCA-authorised (FRN: 727177) alternative finance credit brokerage founded in 2008, arranging unsecured business loans, merchant cash advances, and invoice financing for SMEs declined by traditional banks.
- Ownership category
- akta.pro rank
Decimal Factor industry classification
Industry- Product category
- Alternative Business Lending
- NAICS
- Nondepository Credit Intermediation (5222), Activities Related to Credit Intermediation (5223)
- SIC
- Loan Brokers (6163), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- SME Term Loans & Growth Capital (FSAKAGAB)
- akta.pro secondary industries
- Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD), Invoice Financing & Factoring (FSAKAGAC), Invoice Factoring & Receivables Finance Brokerage (FSAEAEAO)
Keywords
Where Decimal Factor is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Decimal Factor business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Unsecured Business Loans: Interest-bearing loans provided to small businesses ranging from £5,000 to £500,000 with flexible repayment terms. Revenue generated through interest rates competitive with the borrower's creditworthiness.
- Merchant Cash Advances: Flexi-funding where businesses receive upfront capital in exchange for a percentage of future credit card sales. Repayments adapt to business sales volumes.
- Invoice Financing: Cash flow solution providing up to 90% of the value of outstanding invoices. Revenue generated through fees associated with advancing funds against receivables.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Unsecured Business Loans: £5,000 - £500,000 |
| Transaction based/ take rate | Pay-as-you-go | Merchant Cash Advances: Flexible funding amounts |
| Transaction based/ take rate | Pay-as-you-go | Invoice Financing: Up to 90% of invoice value |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Decimal Factor product offering
Product offeringCore offering
Decimal Factor is an alternative finance credit brokerage firm arranging unsecured business loans (£5,000–£500,000), merchant cash advances/flexi-funding (£10,000–£1,000,000), and invoice financing (up to 90% of invoice value, £1,000–£100,000) to UK small and medium-sized businesses. Applicants complete a 15-minute online form, undergo an initial soft credit check, and receive a tailored funding quote within 24 hours, with no upfront fees charged. The company is FCA-authorized (FRN: 727177) and specializes in serving SMEs that have been previously declined by traditional high-street banks.
Product overview
Decimal Factor is an alternative finance credit brokerage firm offering a unified platform of three financial products to UK small and medium-sized businesses: Unsecured Business Loans (£5K-£500K), Merchant Cash Advance/Flexi-Funding (£10K-£1M), and Invoice Financing (£1K-£100K). The company connects SMEs that have been declined by traditional banks with tailored funding solutions, operating regulated by the FCA. Customers apply through the online portal and receive tailored quotes within 24 hours.
Differentiator
Problem solved
Functional benefit
Products and services
- Unsecured Business Loans Unsecured business loans provide funding from £5,000 to £500,000 without requiring collateral, with competitive interest rates based on creditworthiness and flexible repayment terms. Designed for UK SMEs to support expansion, inventory purchasing, investing in new opportunities, managing cash flow, or covering operational costs.
- Merchant Cash Advance (Flexi-Funding) Merchant cash advance (flexi-funding) provides upfront capital in exchange for a percentage of future credit card sales, with repayment amounts that adapt to business sales volumes. Tailored for small UK businesses experiencing fluctuating or seasonal revenue. Funding amounts range from £10,000 to £1,000,000.
- Invoice Financing Invoice financing allows UK businesses to access up to 90% of the value of their outstanding invoices immediately, with flexible repayment terms aligned to invoice payment cycles. Designed for businesses with creditworthy clients but extended payment terms. Funding amounts range from £1,000 to £100,000.
Quantifiable outcome
- Receive tailored quote within 24 hours
- +2 more outcomes
Companies that use Decimal Factor
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles1 record
Decimal Factor technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Decimal Factor partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor.
- Cash on Mobile (UK)minorAffiliated business entity under common corporate ownership. Cash on Mobile (UK) operates as a related alternative finance company alongside Decimal Factor Ltd in the UK market.
- Decimal Factor Inc (US)minorUS-based affiliated entity of the same corporate group. Part of the international expansion of the Decimal Factor alternative finance brand.
- Cash on Mobile Inc (US)minorUS-based affiliated entity operating under the Cash on Mobile brand as part of the international corporate structure.
Scale indicators2 records
Recent moves5 records
Expansion highlights4 records
Decimal Factor competitors and assessment
Company assessmentBroad incumbents
- HSBC UK (SME Banking): UK incumbent bank providing SME business loans, overdrafts, and trade finance. Represents the traditional lender against whose rejections Decimal Factor explicitly positions.
- OakNorth Bank: UK challenger bank focused on SME and property developer lending. Serves an overlapping SME segment but at larger ticket sizes and with a deposit-funded balance sheet.
Direct peers
- iwoca: UK-based fintech providing short-term flexible loans and revenue-based financing to SMEs, including those underserved by banks. Directly comparable product set (loans + Flexi-Loans), target segment, and digital application model.
- Fleximize: UK alternative finance provider offering flexible term loans and revolving credit facilities to SMEs. Comparable product positioning and SME target market.
- Funding Circle: UK-listed (now private) SME lending platform offering term loans and revolving credit to small businesses excluded by traditional banks. Closest large-scale direct competitor in UK alternative SME finance.
- MarketFinance: UK-based invoice financing and business lending platform serving SMEs. Comparable invoice financing product and SME target segment.
- Capify: UK alternative finance provider focused on merchant cash advances and unsecured business loans to SMEs. Direct overlap on MCA product and sub-segment targeting.
- ThinCats: UK peer-to-peer / direct lending platform providing secured and unsecured loans to SMEs. Comparable SME lending model and alternative-finance positioning.
- Liberis: Global revenue-based financing platform with strong UK presence providing merchant cash advances to SMEs. Directly comparable MCA product and SMB customer base.
Emerging players
- Clearco: Revenue-based financing provider to small businesses (originally e-commerce focused) with growing UK presence. Comparable MCA-style product for SMEs, though with different sector focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Decimal Factor social profiles
Digital presenceDecimal Factor compliance and trust
Trust signalCompliance1 record
Decimal Factor financial estimates
Financial estimateRevenue estimate
Valuation estimate
Decimal Factor leadership team
Management profileNumber of profiles
Profiles5 records
Decimal Factor funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Decimal Factor M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Decimal Factor
What does Decimal Factor do?
Decimal Factor is an alternative finance credit brokerage firm arranging unsecured business loans (£5,000–£500,000), merchant cash advances/flexi-funding (£10,000–£1,000,000), and invoice financing (up to 90% of invoice value, £1,000–£100,000) to UK small and medium-sized businesses. Applicants complete a 15-minute online form, undergo an initial soft credit check, and receive a tailored funding quote within 24 hours, with no upfront fees charged. The company is FCA-authorized (FRN: 727177) and specializes in serving SMEs that have been previously declined by traditional high-street banks.
Is Decimal Factor a public or private company?
Decimal Factor is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Decimal Factor founded?
Decimal Factor was founded in 2008. It employs 101 to 250 people.
Where is Decimal Factor based?
Decimal Factor is headquartered in London, United Kingdom, in the Europe region.
How does Decimal Factor make money?
Three revenue lines are on record. Unsecured Business Loans are the primary driver. The others are merchant Cash Advances and invoice Financing.
Who are Decimal Factor's main competitors?
Broad incumbents on record are HSBC UK (SME Banking) and OakNorth Bank. Direct peers are iwoca, Fleximize, Funding Circle, MarketFinance, Capify, ThinCats and Liberis. Clearco is listed as an emerging player.
Does Decimal Factor have an API?
No public API is recorded for Decimal Factor.
What industry is Decimal Factor in?
Decimal Factor's product category is Alternative Business Lending. Its primary akta.pro industry code is FSAKAGAB, SME Term Loans & Growth Capital, with a secondary code of FSAKAGAD, Merchant Cash Advance (MCA) & Revenue-Based Financing. Its NAICS code is 5222 and its SIC code is 6163.