Self-Description

iwoca is transforming small business lending by offering flexible credit facilities to the millions of SMEs that are underserved by banks. Its technology-driven risk platform draws on thousands of data points to make faster, fairer credit decisions, allowing iwoca to lend a small business up to £100,000 within hours. With over 28,000 transactions since its launch in 2012, iwoca is one of the fastest growing business credit providers in Europe. iwoca operates across the UK and mainland Europe. iwoca is a founding member of Innovate Finance, the world’s first industry body for Fintech. iwoca has won several UK Credit Awards in the last two years, including ‘Best Alternative Commercial Lender’, ‘Innovative Lender of the Year’ and ‘Best Data & Analytics Technology’.

Primary Company Info

Headquarters:
London, United Kingdom
Country:
United Kingdom
Year Founded:
2011
Company Segment:
Company Loans
Website:
Active Markets:
Continental

NC Company Overview

iwoca is a financial services company that arranges loans for small businesses in the UK. It offers lending solutions for situations where businesses want money for stock or investments, or to improve their business cash flow. Decisions on lending are made by advanced technology that uses more than just a credit score but actually bases its risk calculations on the performance of the applicant business, too. This can make iwoca an option for some businesses who may not be able to access other competitive loans. It also allows iwoca to make fast lending decisions, and funding can usually be with the customer within hours of approval. The company has clients in a wide range of sectors, including restaurants, retailers, online businesses, trade businesses, hotels, beauty salons, and many more. iwoca, based in London, UK, was founded by entrepreneurs Christoph Rieche and James Dear in October 2011. As of May 2019, iwoca offer funding ranging from £1k to £200k GBP. The business has provided funding of over £500 million GBP so far, to thousands of UK SMEs. It has received a very high customer satisfaction rating, with its rating on consumer site Trust Pilot at 9.7 out of 10, with thousands of reviewers.

Related slides

Edition June 2019

The latest NOAH Bible is out! Featuring an update on our conferences and a valuation / industry KPI snapshot for:

  • Company valuation work
  • Peer group analysis
  • Industry KPI benchmarking
  • Financial analysis