Comparison · 2026 edition
Ebury vs Settle: trade finance compared 2026.
Ebury and Settle side by side in the Trade Finance Index 2026: scores, evidence, published facts and awards.
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Ebury and Settle side by side in the Trade Finance Index 2026: scores, evidence, published facts and awards.
In the Trade Finance Index, both score 3.2 out of 5 (65 out of 100); Settle ranks higher on the tie-break, at 2 of 14. Settle scores higher for exporters; they tie for importers and wholesalers.
Overall and segment scores out of 100, and the score out of 5.
| Score | Ebury | Settle |
|---|---|---|
| Score out of 5 | 3.2 | 3.2 |
| Score out of 100 | 65 | 65 |
| Overall rank | 3 of 14 | 2 of 14 |
| For importers (out of 100) | 64, rank 2 | 64, rank 3 |
| For exporters (out of 100) | 65, rank 3 | 66, rank 2 |
| For wholesalers (out of 100) | 66, rank 2 | 66, rank 3 |
| Type | UK e-money institution with trade lending | US fintech lender |
Each score with the evidence behind it.
| Criterion | Ebury | Settle |
|---|---|---|
| Products | 4/5 Supplier payment finance for imports and export invoice finance with buyer credit are published. | 3/5 Supplier bill financing and purchase order financing are published. |
| Published cost | 2/5 No standard rate; the only figure is an illustrative 0.5% a month in a worked import example, plus published zero set-up and early repayment fees. | 2/5 Pricing is explained with a worked APR illustration, but no standard rate is published. |
| Facility size and tenor | 4/5 GBP 50,000 to GBP 5 million with 150 days to repay; the minimum sits above the scale's under-$50,000 floor. | 5/5 From $20,000 to $15 million with repayment extendable to 180 days. |
| Speed | 3/5 Set-up within two weeks is published; drawdown on signing. | 4/5 Approval in one to three business days and funds in a few days are published. |
| Access | 3/5 Published minimums (GBP 1M revenue, two years), but countries are not listed and a guarantee may occasionally be required. | 3/5 Published minimums and personal guarantees typically not required, but only US consumer brands are served. |
| Standing | 4/5 FCA-authorised e-money institution (900797); the lending entity and funding source are not named. | 3/5 An established non-bank with $4 billion funded and a named credit facility; the lending entity and licence are not stated. |
Each criterion is scored 0 to 5 against the best published offer in the Trade Finance Index. 0 means not offered or not published. How it is scored
What each provider publishes on its own pages, read on 21 October 2026.
| Fact | Ebury | Settle |
|---|---|---|
| Legal status | 'Ebury Partners UK Limited is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (reference number: 900797).' EU: Ebury Partners Belgium NV/SA, a payment institution (Spanish branch supervised by the Bank of Spain, registration 6889). The financing pages do not name the lending entity: 'availability depends on the entity's regulatory permissions'. | 'Settle Inc.', 36 W 20th St #10, New York, NY 10011. The financing page does not name the lending entity, a partner bank or any state lending licence. |
| Products | Supplier Payment Finance, an unsecured credit line to pay suppliers, raw materials and freight 'in most currencies'. Trade finance page: import finance (repay 'up to 150 days later') and export finance ('Provide your buyers credit': 90% of the invoice paid up front, buyers repay 'up to 120 days later'). | Working Capital: Settle pays supplier bills on Extended Payment Terms (single repayment) or Amortized Terms; purchase order financing mentioned in the FAQ. Bill pay to international vendors 'via no or low-cost wire transfer in either USD or a foreign currency' (90 currencies). |
| Published cost | Set-up costs £0; interest only on the amount drawn 'at a rate pre-decided and mentioned in your terms and conditions'; 'zero fees for early repayment and any unused credit'. The trade finance page's worked example uses a 'Representative example of 0.5% per month funding cost'; no standard rate published. | Simple interest on the outstanding balance; no base rate or fee schedule. FAQ illustration: a 1.4% monthly simple-interest rate equals a 17.03% APR. International wires $13 to $15 by plan. |
| Facility size and tenor | 'Access unsecured credit lines from £50K to £5M.' 'Sell your goods and repay Ebury within 150 days.' | 'Approvals from $20K to $15M.' Repayment due in 30 days, extendable to 180 days (help centre: in 30-day steps up to 120 days for Extended Payment Terms). |
| Speed | Account and credit line set-up 'usually takes up to two weeks'; funds 'available to draw and pay your suppliers as soon as you sign your T&Cs'. | Approval in 1 to 3 business days; 'Most founders get funds in a few days'. Each financed payment reviewed in 1 to 2 business days. |
| Who can apply | Operating revenue of GBP 1M or more; tangible net worth above GBP 100,000; at least 2 years of trading. Countries not listed: 'Ebury's product offerings may vary based on your country of origin.' Unsecured; 'In rare cases, we may require a personal or cross-company guarantee'. | Consumer brands that hold inventory; trailing twelve-month revenue of at least $500,000; at least one year in operation. Personal guarantees 'typically' not required. US focus implied; countries not stated. |
| Funding and history | Client funds held in separate accounts under safeguarding and client money rules. Funding source for the credit line not named. | 'Funded over $4B'; a $240M credit facility from a financial institution and an NYC asset manager. Investors include Ribbit Capital, Kleiner Perkins and Founders Fund. |
| Date read | 21 October 2026 | 21 October 2026 |
Not published or not stated by Ebury: published cost, who can apply, funding and history, access and standing.
Not published or not stated by Settle: who can apply, published cost and standing.
Facts read on 21 October 2026 from: ebury.com/products/financing/…, ebury.com/en/supplier-payment-finance, ebury.com/trade-finance, ebury.com/group-legal-entities; and settle.com/financing, help.settle.com/en/articles/…, help.settle.com/en/articles/….
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
Unsecured import finance with FX in one account.
US consumer brands extending supplier terms to 180 days.
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