Mission: A flexible cash flow is critical to the success of any small or mid-sized business. Traditionally, banks have neglected the millions of European SMEs because their processes have been too slow, rigid and costly to serve them effectively. By using cutting-edge technology and ...
I have been working at iwoca full-time (More than 3 years)
When I started with iwoca, there were approximately 10 people at the company in total. The company was new and finding its feet in the market. 4.5 years and 3 offices later, we have a team of 150 and a great Central London office.
The company management is very down to earth, including the CEO. Ideas are always encouraged and listened to both at team level, as well as company level. You can have an open chat with anyone in the management team. We have a new HR director who has brought in a number of benefits this year, with more on the way.
The staff are dedicated to the cause and generally work very hard. If you are a slacker then this is not a company for you as you'll get found out very quickly.
Some of the pros:
- iwoca values its staff and their contribution
- it's open to ideas so you can have an impact on shaping your role, the team and the company
- very open attitude including at the monthly team meetings with the CEO
- Central London office with chill out rooms, pool table, ping-pong, table football etc
- Free breakfast and snacks
- Free soft drinks, coffee/tea, beer etc
- Employee share option
- Pension contribution
- Good maternity/paternity leave
- Flexible working
- Two organised (& paid) retreats per year to places like France or Spain
- Bicycle parking within the office
- Subsidised gym membership
Is iwoca perfect? No, of course not. As some of the other reviews have said, the starting salaries are not the highest in the sector. However, if you can show that you are worth more once you've been here for a few months, then the company will reward that. Plus, some of the benefits listed above are certainly worth a small offset in starting base salary.
The staff are all young - which means a great buzz around the place. However, that can also mean a messy office... The Office Management team are working on improving this.
Advice to Management
I think the Management has already taken on the feedback about promoting from within instead of bringing in external "experts", which rarely worked out in the past. So I'd say keep up the good work.
I applied online. The process took a week. I interviewed at iwoca (London, England) in March 2017.
Overall it was a great interview experience. I met with the Head of Customer Success as well as a senior On-boarder, both provided a great insight into the company and seemed like really smart and passionate people. At the end I was shown around the office and met some of the team which I thought was a nice touch.
iwoca - Blog - iwoca takes home three Credit Awards