We're building finance that works for your business
Finance should feel like a superpower, not a headache. That’s why we created iwoca.
Cecilia
owner of Nails and Cocktails
Less time ticking boxes, more time shipping boxes.
We want small business owners to spend less time on paperwork and more time running their businesses.
When small businesses go to their banks for finance they face long waits, endless forms and absurdly rigid criteria.
That means most of the UK's 5.5 million small business owners spend more time than they need to checking boxes and filling out forms.
Cecilia's
Account team
James and Christoph
James and Christoph created a solution custom-built for small businesses.
They were both working in finance when they noticed how small businesses were getting left behind by big banks. So they quit their jobs and put together a team to invent a new type of lending service using lightning-fast software. One that would give small business owners a great experience while getting the finance they need.
Over the past seven years iwoca has grown from a small start-up to one of the fastest-growing business lenders in Europe. Now we're a team of more than 300 in London and Frankfurt working towards the goal of funding one million small businesses.
Meet the team
We're a mix of developers, account managers, dog lovers, climbers and explorers.
But we’re all working to make finance more accessible to Europe’s small businesses.
What’s going on with small business
Read the latest news, insights and updates from our blog.
iwoca issues £1 billion in funding
Diversity, inclusion and belonging – Recruiting for the future
Ingenious eating – ‘If it's a good idea, it's going to work’
iwoca wins £10 million to boost British business
Podcast 19 – David M. Brear, 11:FS
Why we ride – iwoca cycling club
What’s going on with small business
Read the latest news, insights and updates from our blog.
iwoca issues £1 billion in funding
Diversity, inclusion and belonging – Recruiting for the future
Ingenious eating – ‘If it's a good idea, it's going to work’
iwoca wins £10 million to boost British business
Podcast 19 – David M. Brear, 11:FS
Why we ride – iwoca cycling club
Want to know more?
Here are some questions our customers ask. If there’s anything we haven’t covered here, check our FAQ
Yep, some of our customers repay early to save on interest. If you want to make extra repayments or pay off your loan early we won't charge you any fees. We don’t believe in hidden fees either, so you’ll never find any sneaky small print surprises.
Once you've paid back a third of your original credit limit, applying for a top up is easy. We'll just need updated information about your business.
Even though we offer loans, we’re not a bank. We’re an independent company custom-built for small businesses – and our goal is to provide straightforward access to finance where and when your business needs it.
Generally, they put the money to short term investments, like extra stock. Or they use it to help with cash flow, like if they're waiting on an invoice.
It takes five minutes to apply. If you're applying for less than £15,000, we can give you a decision in seconds. Larger loans take up to 24 hours.
Questions? Speak to a real person
Small business loans are all we do, so you'll get straight through to someone who can help, like Lisa – we're not fans of hold music. Call us from Monday to Friday (8am - 7pm). We accept applications over the phone.