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
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 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
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 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
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 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
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
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
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
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’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, 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
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
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
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
Xero has announced a series of new agreements to integrate a handful of online lending platforms. Xero has added MarketInvoice, iwoca, and DueCourse to its software platform. Xero is an online accounting software designed for small business and their advisors. The company currently has over… Read More
UK’s Department for International Trade announced last week it would bring a trade delegation of eleven of the country’s fintech companies to Australia and New Zealand in March 2017. The eleven companies selected were Aire, Clarus FT, Clearmacro, FundApps, ingage, iwoca, neyber, ObjectTech, Onfido, Sybenetix, and Tradle…. Read More
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
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
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