We believe finance expands possibilities
Our story
Banks and traditional lenders just don’t understand small businesses. They don’t understand how busy small business owners are, that they don’t have a finance department to tackle impossible forms, and they don’t understand how important small businesses are.
That’s why we’ve designed iwoca around small businesses. No more convoluted forms, long waits and unfairly rigid lending criteria. Instead, we combine award-winning technology with an understanding of exactly what small businesses need, to provide you with the tools to unlock growth or plug cash flow gaps that many businesses face.
Custom built for Europe’s small businesses
2011
year founded26,673+
businesses funded£910,810,779+
in total funding"They understand what growth we need and what potential we have. It’s just a much better way of borrowing."
Charles Burch
EXF Fitness"Very useful, fast and responsive. We were able to apply and draw down our funds within two days."
Tom Hyde
Brew Lab Coffee"A loan from iwoca took one day! Really good service, polite, friendly, and efficient."
Jim O’Brien
The Change GroupOur work for small businesses
iwoca reveals plan to fix Government's failing Bank Referral Scheme
For the sake of the UK's 5.7 million small businesses, iwoca CEO and co-founder Christoph Rieche has written a letter to the Chancellor arguing why the Bank Referral Scheme deserves to be fixed.
Read Article'Faster than Farah': iwoca takes over 12% of all UK small business overdraft approvals
We've also overtaken Mo Farah's European record with our fastest business loan of 3 minutes and 26 seconds.
Read ArticleOpening up our new look
We’re all about opening doors for small business, so we made it our logo.
Read ArticleWe’re growing our team
We’re now a team of over 200, and we’re looking for motivated people to join us in our mission.
Working at iwocaiwoca launches Open Banking with HSBC and Barclays
As we celebrate the end of the year, we're really pleased to connect to Barclays and HSBC through Open Banking. We now offer three Open Banking connections, including Lloyds Bank, so more than 60 percent of our customers can open up to Open Banking.
Read ArticleScaling up people-friendly fintech
As our new COO, Seema Desai is bringing 18 years of financial and tech experiences into her role at iwoca, helping develop smarter processes for customers and colleagues, encouraging diversity, and enjoying a few mountains on the way.
Read Articleiwoca wins Responsible Lender of the Year at 2018 Credit Awards
We’re so pleased to share the news that we were honoured with the award for Responsible Lender of the Year for Medium-Sized Businesses at this year’s Credit Awards.
Read Articleiwoca becomes first business lender to connect to UK bank via Open Banking
We've successfully released Open Banking for all new customers with a Lloyds Bank account.
Read Article