Tagged: iwoca

November 12, 2020 @ 9:53 am By Omar Faridi  |  

iwoca, a European alternative lender for small businesses, is reportedly planning to lend more than £200 million to small businesses before the Coronavirus Business Interruption Loan Scheme (CBILS) applications close in January 2021. iwoca recently surpassed £100 million in CBILS lending. The platform now plans… Read More

May 20, 2020 @ 11:09 am By JD Alois  |  

iwoca, a European alternative lender for small businesses, has been accreditated by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS). iwoca says that existing customers impacted by COVID-19 will be able to apply this week, followed gradually by new customers. The… Read More

March 18, 2020 @ 9:08 am By Samantha Hurst  |  

iwoca, an online lender serving SMEs, announced on Wednesday the launch of a new platform, OpenLending, which may unify fintechs and banks to extend iwoca’s lending capabilities to over two million UK businesses. iwoca reported that the launch of OpenLending forms part of its £10… Read More

February 28, 2020 @ 11:24 am By JD Alois  |  

iwoca, an online lender serving SMEs, has received significant backing from BNY Mellon Insight Investment. According to multiple reports, iwoca has received €100 million to provide funding for small businesses in Germany. Last year, iwoca expressed its intent to boost its presence in Germany, a… Read More

October 22, 2019 @ 7:44 am By JD Alois  |  

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

October 4, 2019 @ 8:17 am By Omar Faridi  |  

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

August 14, 2019 @ 12:45 pm By JD Alois  |  

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

February 18, 2019 @ 8:46 am By JD Alois  |  

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

January 24, 2019 @ 8:56 pm By Samantha Hurst  |  

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

January 2, 2019 @ 2:41 pm By JD Alois  |  

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

November 13, 2018 @ 9:24 am By JD Alois  |  

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

October 31, 2018 @ 7:43 am By JD Alois  |  

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

September 12, 2018 @ 9:22 am By JD Alois  |  

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

September 7, 2018 @ 8:06 am By JD Alois  |  

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

September 4, 2018 @ 7:54 am By JD Alois  |  

As in most parts of the world, smaller businesses drive the bulk of job growth in the UK. Over 99% of all UK businesses are SMEs employing 0-249 people and 96% (approximately 5.5 million) are micro-businesses employing up to 9 people, accounting for 33% of… Read More

July 10, 2018 @ 7:41 am By Erin Hobey  |  

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

June 16, 2018 @ 1:14 pm By JD Alois  |  

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

March 6, 2018 @ 8:43 am By Samantha Hurst  |  

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

January 12, 2018 @ 5:52 pm By JD Alois  |  

Open Banking is kind of a nebulous term. Unless you are very engaged with the UK financial sector it probably means little to you. Yet the concept of Open Banking will have profound ramifications for consumers and businesses in both the UK and Europe. In… Read More

December 13, 2017 @ 7:59 am By JD Alois  |  

Nesta, a global innovation foundation, has announced the ten Fintech firms that have won Stage 1 of the Open Up Challenge. The Challenge is in recognition of the launch of Open Banking in January 2018. Chris Gorst, Challenge Prize Lead at Nesta, congratulated all of… Read More