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SME lender iwoca raises new £200 million funding line after reaching £2.5bn in finance lent
iwoca hits net profitability as demand for SME capital surges
"Iwoca has pledged £220m of funding to SMEs in the North of England by 2023 in response to the Covid-19 crisis and the additional government restrictions which are impacting tens of thousands of businesses. The pledge comes after Iwoca previously pledged £100m for the region in 2018, and delivered on its promise a year ahead of schedule."
'I want people to say Barclays, Lloyds, HSBC, iwoca. I don’t want to be an alternative.' Christoph, our CEO, shares the iwoca story with James Hurley for The Times as we hit a big milestone: lending more than £1 billion to small businesses. Read here: http://glassdoor.com/slink.htm?key=vMu5x
iwoca nearly doubles its revenues to £48m in 2018
“Winning this grant is a huge milestone for us,” says Christoph Rieche, iwoca’s CEO and co-founder. “We’re confident that we’ll be delivering on our commitment to make £5 billion available to 150,000 SMEs by 2023."
We're so excited to announce that we've won a £10 million grant from the Banking Competition Remedies Ltd. This will help us to help more small businesses across the UK and Europe. Christoph, our CEO, says 'Winning the grant enables us to accelerate our mission to make finance available to one million small businesses.' We're really excited about tackling the projects and opportunities made possible by this grant, and delivering them for our customers. We're a very happy office today!
Follow our journey around London as we find out how small businesses are celebrating Pride, and what it means to them.
"We're looking forward to continuing to work with the most innovative lenders to deliver seamless, instant access to funding." We're working with Funding Xchange and Funding Options to bring 30 second finance.
Great to be mentioned by Bank of England's Mark Carney in his speech about the future of the digital economy. 'In the UK, iwoca has made over £900mn worth of loans ... to over 25,000 small businesses over the past five years.' http://glassdoor.com/slink.htm?key=vMF7x