Online lender iwoca says it is UK’s fastest growing SME finance provider. The claim comes following the publication of the Sunday Times Hiscox Tech Track 100 which ranked iwoca 30th on the list.
The Sunday Times Hiscox Tech Track 100, published last Sunday, 9th September 2018. Ranked No. 30 on the ilst – which ranks Britain’s tech firms in regards to the fastest-growing sales. iwoca joins a group of prominent UK Fintechs recognized by the Times.
Christoph Rieche, CEO and co-founder of iwoca, commented on his firms inclusion;
“We are thrilled to be the UK’s fastest growing SME finance provider on this year’s Tech Track 100. Small business owners want access to finance to be on their terms, so that they can get on with running their business. iwoca provides a solution built around their needs and delivers exceptional customer service. These have been the building blocks for fast growth and expansion that helped iwoca to achieve profitability in the first half of this year. We’re poised to continue growing, so we can help more small businesses realise their potential. That’s why iwoca aims to fund 100,000 small businesses in the next five years.”
Targeting the underserved UK SME market, iwoca lends up to £200,000 to small businesses. The British Fintech says it has experienced significant recent growth, achieving profitability in the first half of 2018. iwoca lent a company-record £2.2 million in a single day at the end of June 2018, funding small businesses with more than £1,500 per minute.