Decimal Factor

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.

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

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

• Alternative business lending
• SME financing solutions
• Merchant cash advance
• Invoice financing
• Unsecured business loans

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core 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

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor.

• Cash on Mobile (UK)minorOthers · 1 January 2008Affiliated 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)minorOthers · 1 January 2008US-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)minorOthers · 1 January 2008US-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

Broad 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

• Xx.com/decimalfactor
• Facebookfacebook.com/decimalfactor
• LinkedInlinkedin.com/company/decimal-factor

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Decimal Factor