Search Results for: iwoca

Capitalise.com Offers Instant Credit in New Partnership with iwoca and “High Street Bank”

Capitalise.com has announced a new partnership with iwoca and an unnamed “high street bank” to provide instant decisions on credit for participating businesses labeled “Instant Offers.” The service is said to remove any delay for online lending. iwoca is an online lender that offers loans… Read More

UK-based Fintech Equals Launches New Loan Service Via Partnership With SMB Lender iwoca

UK-based Fintech firm Equals Group (LON:EQLS), which provides a travel card to around 1 million users, global payments solutions for companies, and tools to manage finances, has launched its first loan for small- and medium-sized businesses (SMBs) through a partnership with SMB lender iwoca.  Equals… Read More

Fintech: Atom Bank, iwoca, Modulr Finance, & Currencycloud, All Benefit from BCR Grant

The Board of the  Banking Competition Remedies Ltd (BCR) has announced the awards of the “Capability and Innovation Fund Pool C.” This Fund is designed to “facilitate the expansion of business offerings to include lending or payments services to SMEs in the UK or international… Read More

Online Lender iwoca Raises £150 Million in Debt and Equity

Online small business lender iwoca has raised £150 million in both equity and debt capital, according to a note from the firm. This most recent investment brings iwoca’s total funding to £350 million. The Series D equity funding was led by Augmentum Fintech, a Fintech… Read More

Online Lender iwoca Receives £7.5 Million Investment From Venture Capital Investor Augmentum Fintech

Augmentum Fintech plc (LSE: AUGM) announced on Thursday it has invested £7.5 Million in online lending platform, iwoca. Founded in 2018, Augmentum Fintech claims to be one of Europe’s leading venture capital investors that is focused exclusively on the fintech sector. The group invests in early and… Read More

Online Lender iwoca Connects to Barclays & HSBC Under Open Banking Rules

Online lender iwoca is now connected to both Barclays and HSBC under Open Banking rules, according to a note from the company. iwoca claims to be the first ever business lender to connect with any of the UK’s nine largest banks under Open Banking when… Read More

Small Business Lender iwoca Appoints Seema Desai as COO

Online lender iwoca has selected Seema Desai as their new Chief Operations Officer (COO). iwoca provides loans of up to £200,000 to small and micro businesses across the UK, Germany, and Poland via its website and through partner integrations using its proprietary Lending API. Desai joined iwoca… Read More

Online Lender iwoca Connects with Lloyds Bank in Open Banking First

Online lender iwoca is reporting that it has successfully released Open Banking for all new customers with a Lloyds Bank account. iwoca says it is the first ever business lender to connect with any of the UK’s nine largest banks under the Open Banking initiative,… Read More

iwoca: We are the UK’s Fastest Growing SME Finance Provider

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…. Read More

Mittelstandskredit: COMPEON Partners with iwoca to Provide Better Access to Credit for SMEs in Germany

COMPEON, a full-service commercial financing provider that connects businesses to both traditional banks and Fintechs, has created a new “digital link” with online lender iwoca to provide access to speedier loans. COMPEON, based in Düsseldorf, says this steps up the existing partnership between the finance portal… Read More

SME Lender iwoca in the Black, Announces Profitability in 2018

iwoca, a European alternative small business lender, has reached profitability in the first half of 2018 amid a doubling of revenue over three successive years. Since launching in 2012, iwoca has reported lent £500M to 20,000 businesses. To meet soaring demand from its small and micro… Read More

UK Finance: SME Loan Approval Increased Slightly in Q1, iwoca CEO Calls Bank Support of SMEs Dire

UK Finance’s most recent report indicates that the number of new loans to UK SMEs increased slightly in the first quarter of 2018. There were 73,971 new loan approvals to SMEs across the UK in Q1 versus 72,272 in Q1 of 2017. A report by UK… Read More

iwoca Pledges to Lend £100 Million to Northern England Small Businesses

iwoca, one of Europe’s largest small business lenders, announced on Tuesday it is pledging to lend £100 million to micro and small businesses in the North of England by 2020. The alternative finance provider revealed the pledge is in response to the withdrawal of credit… Read More

iwoca Partners with Italy’s Intesa Sanpaolo to Provide SME Loans, Receives New Investment

iwoca, an online SME credit provider and a founding member of Innovate Finance, formed a partnership with Intesa Sanpaolo Group on SME lending. Intesa Sanpaolo is among the top banking groups in the euro zone and the leading business lender in Italy. The bank has a… Read More

Secure Growth: PayU & iwoca Team Up to Provide SMEs Quicker Financing

The international lending firm iwoca and payment service provider PayU launched an innovative collaboration aimed at making it easier for SME entrepreneurs, particularly those in the eCommerce and eService industries, to obtain financing for growth. The new solution enables the entire lending process to take place online,… Read More

Alternative Lender iwoca to Receive Referrals From NatWest Through Capital Connections Panel

On Tuesday, alternative lender iwoca announced it is set to receive referrals from NatWest as part of the website’s new expanded panel of alternative lenders, Capital Connections. According to the companies, Capital Connections build on NatWest’s existing partnerships and creates even more opportunities for users… Read More

Brief: Fintech Lender iwoca Secures £21M During Series C Funding Round Led By Prime Ventures

On Tuesday, fintech lender iwoca announced it secured £21 million during a Series C equity financing round, which was led by Prime Ventures. This new round notably brings iwoca’s total equity funding to £38 million. iwoca stated it has also raised £25 million secured debt… Read More

European Investment Fund & iwoca Announce COSME Agreement & Offers £40M Lending Line For UK Small Businesses

On Thursday, the European Investment Fund (EIF) and iwoca have signed their first COSME agreement in the UK to help a greater number of SMEs gain access to finance. The initiative benefits from the support of the European Fund for Strategic Investments (EFSI) through which the… Read More

Report: UK Fintech Investment Booms in Q1

Innovate Finance, an association that advocates on behalf of the UK’s robust Fintech industry, has shared some numbers quantifying Fintech sector investment during Q1 of 2019. Culled from Pitchbook data, Innovate Finance says that UK Fintech investment is going gangbusters in comparison to the same… Read More

Send this to a friend