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.

What type of funding does Iwoca provide?


requirments_icon1Loan Amount
£1,000 – £200,000

Up to 12 months

Fund received
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


Does iwoca run a credit check?

Once a business applies for a loan, iwoca will check its own records, the business’ records at credit agencies, as well as any records related to the business’ “financial associate,” if one exists.

Do I have to provide security or a guarantee?

No. iwoca can offer unsecured loans with no collateral. For limited companies, however, collateral may be required, often from a shareholder or director of the business.

Are there fees involved?

There are no fees involved when applying for a loan through iwoca – only an interest rate associated with the loan.

What are the loan rates?

Interest rates vary depending on the loan, although they range from 2% to 6% per month. Furthermore, interest accrues each day, meaning a company is only responsible for paying back rates for each day the funds are withdrawn.

What documentation do I need to provide?

To begin, a business must sign up online and link a business account to the site, or upload VAT returns, company accounts, or bank statements. This allows iwoca to perform an accurate assessment of the business and ultimately make an offer.

How long will it take for money to get into my account?

Once the business is approved for a loan, an offer will be made within a matter of hours. And once the offer is accepted, the funds will be available for withdrawal immediately.

What happens in the case of a default?

iwoca attempts to loan responsibly to businesses that are able to consistently make repayments on an accepted schedule. That being said, if repayments are possible, the business may discuss the issue with an account manager to help find a solution.

Is iwoca regulated?

iwoca is a member of the Consumer Credit Trade Association and is regulated by the Financial Conduct Authority. Furthermore, iwoca has received five industry awards and has been featured in the national press.