Tagged: iwoca

July 2, 2023 @ 2:40 pm By Omar Faridi  |  

Businesses in the UK can now give their trade customers up to 12 months to pay for products or services, with a new feature of iwoca‘s integrated B2B payments solution iwocaPay. Building on a 3 month offering, iwocaPay has now added “a second option allowing… Read More

May 11, 2023 @ 11:41 pm By Omar Faridi  |  

There are signs of confidence returning to the UK’s 5.5m small and medium-sized businesses and the lending market they rely on, iwoca’s latest SME Expert Index finds. The new research, “carried out with over one hundred SME finance brokers who collectively submitted over 2,500 SME… Read More

March 30, 2023 @ 8:30 am By Omar Faridi  |  

As Chancellor Jeremy Hunt announced measures intended to lift the UK economy in the Spring Budget, data from iwoca highlights what small businesses “were most worried about as they entered 2023.” Small business lender iwoca’s latest SME Expert Index data – based on UK finance… Read More

March 24, 2023 @ 7:07 am By Omar Faridi  |  

With signs that strikes may be abating for the time being, new data from small business lender iwoca reveals that UK SMEs have “lost out on 680,000 days of trading per month, due to industrial action.” Cumulatively, this amounts “to four million days of trading… Read More

February 16, 2023 @ 9:27 am By Omar Faridi  |  

Demand for finance from the UK’s 5.5m small and medium-sized businesses1 is on the rise at the same time as banks are “reducing their lending appetite,” according to iwoca’s latest SME Expert Index. More than eight in ten SME finance brokers (82%) agree “that major… Read More

February 8, 2023 @ 8:37 am By Omar Faridi  |  

iwoca is announcing the integration of its B2B payment solution iwocaPay with Quickbooks’ accounting software package – this makes it “the first invoice checkout integration with a BNPL option for businesses that integrate with QuickBooks.” Quickbooks supports UK businesses “with their accounting needs via a… Read More

February 3, 2023 @ 8:26 am By Omar Faridi  |  

iwoca reaches net profitability in Q4 2022 and experiences over 50% increase in the number of small and medium-sized businesses funded across the UK and Germany This comes as iwoca “increases its funding line with Pollen Street Capital from £125m to £170m.” The total number… Read More

November 24, 2022 @ 2:17 pm By Omar Faridi  |  

iwoca, one of Europe’s largest small business lenders, is announcing the integration of its B2B payment solution iwocaPay with ecommerce software WooCommerce. WooCommerce “holds 37% market share of ecommerce software platforms worldwide.” iwocaPay’s new extension will “provide tens of thousands of ecommerce businesses with the… Read More

October 29, 2022 @ 11:28 am By Omar Faridi  |  

With inflation hovering at a 40-year high, “managing day to day cash flow has become the primary reason for small business applications for finance,” according to iwoca’s latest SME Expert Index. The survey of brokers has “revealed that managing cash flow is the most common… Read More

June 27, 2022 @ 2:00 am By Omar Faridi  |  

Accounting firms are missing a “key opportunity” to adopt Open Banking to help meet the needs of small businesses facing a cash flow squeeze, according to a report by iwoca, which claims to be one of Europe’s largest small business lenders, and AccountingWeb. The report,… Read More

May 6, 2022 @ 8:09 am By Omar Faridi  |  

The small business lending market has has reportedly returned to pre-pandemic levels of activity. This, according to nearly a third of brokers (30%) surveyed in iwoca’s latest SME Expert Index. And nearly another third (31%) believe the market will “return within 6 months, based on… Read More

February 25, 2022 @ 8:16 am By Omar Faridi  |  

European Fintech iwoca reveals that a new B2B payments solution is bringing together instant payments, free transactions and flexible financing “to address cash flow problems for both buyers and suppliers.” As mentioned in an update shared with Crowdfund Insider, online Fintech firm iwoca has noted… Read More

February 4, 2022 @ 9:09 am By Omar Faridi  |  

European Fintech iwoca reports that small business owners are feeling confident about “taking on larger amounts of finance” in order to support their growth objectives this year. iwoca’s quarterly SME Expert Index (the source of these findings) is reportedly based on key insights from UK… Read More

January 20, 2022 @ 8:38 am By Omar Faridi  |  

European Fintech iwoca notes that as worries or concerns about the economy emerge, almost three in four small business owners are thinking about the potential impact of inflation. iwoca writes in a blog post that businesses are “wary of the impact of this on their… Read More

December 6, 2021 @ 8:03 am By Omar Faridi  |  

Fintech firm iwoca, which claims to be one of Europe’s largest small business lenders, recently announced the expansion of its merchant cash advance product to all small businesses “accepting card payments in the UK.” As mentioned in an update shared with CI, the merchant cash… Read More

November 2, 2021 @ 7:52 am By Omar Faridi  |  

Small business owners are feeling “optimistic” about economic conditions for growth, according to iwoca’s quarterly SME Expert Index of UK brokers. The Index reveals that more than a third (35%) of brokers reported the “top motivator” for applying for unsecured finance was “to ‘grow the… Read More

October 10, 2021 @ 10:31 pm By Omar Faridi  |  

European Fintech iwoca confirmed recently that it has been accredited under the UK’s Recovery Loan Scheme (RLS). The iwoca team wrote in a blog post, dated October 5, 2021, that they’ve been accredited by the British Business Bank as a lender under the RLS. This… Read More

September 20, 2021 @ 4:04 pm By JD Alois  |  

mmob has announced the inclusion of iwoca into its network of digital lending providers. According to a company release, the partnership will enable banks and other financial institutions to embed small business loan provisions into their digital ecosystems. Since 2012, iwoca has provided access to… Read More

September 2, 2021 @ 6:53 am By Omar Faridi  |  

iwoca, one of the largest small business lenders in Europe, has introduced its “industry-first” cash advance product on Funding Xchange for small business online sellers. iwoca will reportedly be the first lender in the United Kingdom – leveraging Open Banking – to provide fully automated… Read More

August 16, 2021 @ 8:03 am By Omar Faridi  |  

New data from European Fintech iwoca, one of the largest small business lenders, reveals how embedded finance will play a key role for SMEs as they try to recover from the COVID-19 pandemic. Timely insights “bring to life” the wide-ranging benefits of embedded finance, according… Read More