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iwoca Reviews

Updated 3 April 2018
39 reviews

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4.5
StarStarStarStarStar
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Christoph Rieche
32 Ratings

39 Employee Reviews

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Pros
  • The bosses are willing to consider flexible working arrangements if deemed necessary (in 7 reviews)

  • Great atmosphere and diversification of employees (in 6 reviews)

Cons
  • Career opportunities exist but are less numerous than in a bigger corporation (in 2 reviews)

  • Let us keep on trusting our human resources rather than be tempted by constantly evolving tech (in 2 reviews)

More Pros and Cons

  1. "I feel really lucky for having an opportunity to work here"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at iwoca full-time

    Pros

    Competent upper management. Smart colleagues. Fair treatment of employees. Remote working from a mountain challet or a beach house a couple times a year.

    Cons

    There's a lot of work and the hours are long. Not so much as to require to work over weekends or cut on sleep, but there's little time for anything else during the week.


  2. "Good experience overall"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Incredible people and very nice work atmosphere

    Cons

    Not very defined processes, although there´s been a significant improvement

  3. "BDM"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at iwoca part-time

    Pros

    Great company
    good money
     good people

    Cons

    Let people do what they know

    Advice to Management

    Listen


  4. "Great internship opportunity within the Finance team !"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Finance and Accounting Intern in London, England
    Former Employee - Finance and Accounting Intern in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at iwoca full-time (Less than a year)

    Pros

    - great on boarding process
    - strong responsibilities given to the intern (+ possible to shape your position in fonction of the set of skills you want to develop)
    - numerous corporate events rendering work environment very pleasant
    - international workforce

    Cons

    - Career opportunities exist but are less numerous than in a bigger corporation
    - Entrance salary might be a bit under market

    Advice to Management

    Nothing in mind


  5. "Great company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at iwoca part-time

    Pros

    Great Start up to work for and as a partime employee offers great flexibility

    Cons

    Can be a little isolating working remotely


  6. "Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    - Loads of responsibility
    - Extremely smart team
    - Great CEO
    - Great team spirit
    - Flat hierarchy

    Cons

    - Compensation could be slightly better.


  7. "ok place to work but bogged down by corporate feel"

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

    I worked at iwoca full-time (Less than a year)

    Pros

    Some really clever people in the risk department especially

    Cons

    Bit of a sterile, 'buy-in' startup vibe which is pretty corporate in a lot of the politics that happened there
    Glass ceiling when really this is just a high interest rate loan and there are cheaper options on the market when used as a revolving credit facility

  8. Helpful (1)

    "A truly amazing place to work"

    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 (Less than a year)

    Pros

    -Great atmosphere in the office
    -Working with a great mix of people from across the world, all of who are lovely!
    -Very collaborative atmosphere with teams coming together to work on projects rather than sticking to their own area
    -Plenty of opportunity to put ideas forward
    -These ideas are listened to, discussed and put into practice if appropriate
    -Supportive environment
    -Flexible with hours if you have an appointment
    -You feel valued as a person, not just as an employee
    -Constantly kept up to date with how the business is doing overall, in your own area, and in other areas
    -Bi-monthly feedback in first 3 months
    -Group feedback sessions on how to improve processes and discuss successes and issues at least twice weekly
    -Good variety of daily tasks
    -Very approachable senior management team
    -Although still making many changes in processes iwoca adapts quickly and positively
    -Great social events and perks
    -Vibrant place to work with a lovely office
    -Free breakfast, snacks and drinks

    Cons

    -Could be seen as an overload of information on business performance which can distract from your current task but I'm really clutching at straw to find something to write as a con!

    **If you don't enjoy a fast paced environment, the opportunity to go above and beyond your job remit and be rewarded, being challenged daily, socialising with your co-workers or working hard whilst having a great time then this definitely isn't the place for you. If you do, I can't wait to meet you!**

    Advice to Management

    Personally I feel looking within your current talent pool for senior positions before advertising externally is always best. However, we are growing so fast sometimes that's not possible.


  9. "Amazing company"

    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 (Less than a year)

    Pros

    Flexible working
    Trusting work environment
    Good exposure and training for new starters
    Diverse and friendly team
    Efficient and quick systems

    Cons

    Compared to my previous job as a retail bank manager, I have zero complaints

    Advice to Management

    Keep doing what you are doing. The company is a breath of fresh air, and all staff seem to embrace and appreciate the environment you have created.


  10. "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.


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