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iwoca Overview

London, England
51 to 200 employees
2012
Company - Private
Finance
£5 to £10 million (GBP) per year
Unknown
Chris and James launched iwoca in 2012; since then we’ve made tens of thousands of credit decisions and lent over £150m to ten thousand SMEs across UK, Poland, Germany and Spain. Along the way we built a high-tech platform from scratch, won ... Read more

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 ... Read more

iwoca Reviews

4.5
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
(no image)
Christoph Rieche
25 Ratings
  • "I love the place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager in London, England
    Current Employee - Account Manager in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at iwoca full-time (More than 3 years)

    Pros

    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

    etc

    Cons

    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.

See All 41 Reviews

iwoca Photos

iwoca photo of: Team iwoca
iwoca photo of: Tyron aka Lord Of The Phone Rings
iwoca photo of: Head of Germany
iwoca photo of: The Credit Analysts
iwoca photo of: UK Ops
iwoca photo of: iwoca's office ... 5th floor
See All PhotosSee All

iwoca Interviews

Experience

Experience
64%
11%
23%

Getting an Interview

Getting an Interview
82%
5%
5%
5

Difficulty

3.1
Average

Difficulty

Hard
Average
Easy
  1.  

    Client Onboarder Interview

    Anonymous Interview Candidate in London, England
    No Offer
    Positive Experience
    Average Interview

    Application

    I applied online. The process took a week. I interviewed at iwoca (London, England) in March 2017.

    Interview

    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.

    Interview Questions

See All 17 Interviews

Company Updates

  • iwoca - Blog - iwoca takes home three Credit Awards

    iwoca - Blog - iwoca takes home three Credit Awards

    Last night we had the pleasure of attending the Credit Awards at the Grosvenor Hotel in Mayfair. We started off the night full of anticipation - we were shortlisted for six awards, more than any other company - and we didn't leave empty handed! The night kicked off with a three-course dinner and silent auction ...

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iwoca Awards & Accolades

  • Best Alternative Lender – Commercial, Credit Today Awards, 2016
  • Best Fintech Company – Lending, Credit Today Awards, 2016
See More

Work at iwoca? Share Your Experiences

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