iwoca offers flexible credit to small businesses across Europe, allowing them to take advantage of opportunities previously only available to their larger peers.
We launched iwoca in 2012 and have already grown into one of Europe’s leading fintech lenders. We use technology to eliminate the cost and complexity associated with traditional business finance. That means we offer instant decisions and have no upfront fees, no lengthy forms and no long-term commitments.
Most importantly technology has allowed us to build a revolutionary risk model that understands any small business based on its trading data. In fact we look at thousands of data points for every applicant to make fair lending decisions, instantly. Accounts can be managed online, 24/7. iwoca are TrustPilot’s top rated business lender and have won multiple industry awards. 10% of all eligible loans funded by UK Government.
What type of funding does Iwoca provide?
£1,000 – £100,000
Up to 12 months
Up to 4 hours
What do I need in order to qualify for funding?
In order to qualify for funding, the business must be based in the U.K. and operate as a limited company, sole proprietorship, or partnership. Businesses must also provide basic details about business performance for approval.
How do I apply to get funding?
To apply for funding, a business owner can sign up online for free and begin by providing basic business details.
Find the right funding for your business
What is the process to receive funding?
After an application for funding, an account manager will review the business’ account and make an offer within a few hours. Upon approval, the business can withdraw funds to a bank account. Instant funding is available without the necessity of complex paperwork associated with other business loans.
“Excellent service and speedy transfer.Very quick and easy to get money when needed especially as an online business.” Ian McMillen