iwoca offers a new type of credit facility for small businesses, allowing them to take advantage of opportunities previously only available to their larger peers. From placing larger stock orders to bridging cashflow gaps, we believe that access to finance is crucial to driving business growth.
Chris and James founded iwoca in May 2012. Since then, iwoca has grown to a team of over 160 based in Central London. We have already lent over 400 million pounds to businesses across Europe.
Our business is driven by transparency and personal relationships. We think they’re essential elements for any lender.
We finance every sector, from cafes to car dealers, aiming to expand access to credit to all of the UK’s five million small businesses. We love working with both well-established businesses and newly minted startups.
Sign up in five minutes to give your business access to a credit facility of £1,000 – £200,000 for up to 60 months. This facility is completely flexible – you can repay early at no extra cost, reducing the overall cost of funding. There are no hidden fees, no lengthy forms and no long-term commitments.
More startup than financial institution, we use technology to eliminate the cost and complexity associated with traditional business finance. We analyse the data behind your business to build a 360 degree view of your operations, meaning we can offer instant credit facilities and the flexibility to top up and pay down as required.
Every iwoca customer has their own personal account manager to guide them through the funding process.
Q: What’s the strangest/most interesting funding request you’ve ever had?
A: We’ve had everything from farmers who’ve spotted a great deal on a new cow, to a chain of pop-up shops, to a stargazing emporium. The UK’s a nation of entrepreneurs and it’s brilliant whenever you can help somebody who’s obviously turned what they love into a business.