diff --git a/model_utils/fields.py b/model_utils/fields.py
index e04ada2b..10e22fa3 100644
--- a/model_utils/fields.py
+++ b/model_utils/fields.py
@@ -1,7 +1,6 @@
 import secrets
 import uuid
 import warnings
-from collections.abc import Callable
 
 from django.conf import settings
 from django.core.exceptions import ValidationError
@@ -346,8 +345,8 @@ def __init__(self, editable=False, max_length=128, factory=None, **kwargs):
             non-callable value for factory is not supported.
         """
 
-        if factory is not None and not isinstance(factory, Callable):
-            raise TypeError("'factory' should either be a callable not 'None'")
+        if factory is not None and not callable(factory):
+            raise TypeError("'factory' should either be a callable or 'None'")
         self._factory = factory
 
         kwargs.pop('default', None)  # passing default value has not effect.