iwoca, one of Europe’s SME lenders, announces a partnership with Teya, the “all-in-one” financial services platform built for small businesses.
This partnership will bring iwoca’s Flexi-Loan to “more business owners, integrated into Teya’s digital platforms.”
Teya customers can now apply “for iwoca’s Flexi-Loan directly within their Teya app or web portal, unlocking sums from £1,000 to £1 million, with flexible terms from just 1 day up to 60 months.”
The application is reportedly paperless, with “zero early repayment fees, and approved funds typically land within minutes.”
As demand for accessible finance increases, iwoca’s SME Expert Index reveals that “73% of SME finance brokers say faster decisions are their clients’ top priority.”
iwoca’s digital lending at scale enables UK businesses “to access working capital without the red tape.”
This collaboration launches at a key moment with iwoca’s SME Expert Index reportedly showing “that 76% of UK finance brokers predict that small and medium-sized businesses’ demand for finance will rise in the coming months.”
iwoca and Teya are aiming to address this challenge, embedding “flexible lending directly into everyday business finances — helping close the funding gap and empowering entrepreneurs across the nation.”
Siddhartha Ram, Product Director at Teya.
“This partnership is another step in our journey to build useful financial services for small businesses. Whether it’s payments, accounts or funding – our aim is to give business owners the tools they need to thrive.”
Colin Goldstein, Chief Commercial Officer at iwoca, added:
“Teya shares our belief that small businesses should have quick and uncomplicated access to the finance they need to grow. Working together, we can reach even more business owners and ensure that capital is available when and where it’s needed most.”
New research from iwoca shows alternative lenders are surging ahead in the SME finance market, as high street banks “lose their foothold among growth-focused businesses.”
According to iwoca’s latest SME Expert Index, “almost two thirds (61%) of SME finance brokers report submitting over half of their loan applications to alternative lenders in the last four weeks.”
The shift underlines a change in business attitudes, “with demand for modern, tailored financial solutions now outpacing traditional banking options.”
Speed of decision-making is increasingly “important for time-pressed SMEs, with 73% of brokers now citing it as the key driver behind the shift away from the high street — up from 63% last quarter.”
This quarter’s SME Lending Thermometer, “first launched in Q1 2025, provides a pulse check on SME finance appetite across all UK lenders.”