Introducing our latest report with Cebr - Credit where it’s due: Why B2B needs a digital credit upgrade #DigitisingTradeCredit 👉 https://hubs.li/Q02Qp8k_0 👈 Discover how customer expectations are changing within B2B ecommerce and which businesses are already pulling ahead when it comes to productivity and profit. #B2BEcommerce #TradeCredit #DigitalTransformation
iwoca
Financial Services
West End, England 35,212 followers
At iwoca, we believe finance should feel like a superpower, not a headache.
About us
iwoca was founded to expand possibilities for small businesses. At iwoca, we believe finance should feel like a superpower, not a headache. That’s why our founders, Chris and James, decided to create a solution custom-built for small businesses. One that strips out the hassle, gets to know what each business needs, and looks for opportunities rather than problems. One that provides access to finance where and when your business needs it. Our partner integrations and our Lending API mean we can provide access to finance where and when small businesses need it. Our award winning credit risk engine help us make faster, more accurate credit decisions built around the performance of the business. We are proud to be NACFB Lender of the year, Xero Financial Services App of the year and, most recently, winner of the £10m Banking Competition Remedies grant. Since 2012, we’ve made funding available to over 50,000 businesses, from cafés to car dealers, salons to solicitors. But we’ve only just started. Our mission is to fund one million small businesses.
- Website
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http://www.iwoca.co.uk
External link for iwoca
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- West End, England
- Type
- Privately Held
- Founded
- 2011
- Specialties
- Fintech, Trade Finance, Alternative Lending, Small Business Financing, SME, Working Capital, Small business, Credit, Finance, and Lending
Locations
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Primary
Get directions
101 New Cavendish St
West End, England W1W 6XH, GB
Employees at iwoca
Updates
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❄️ iwoca Winter Party 2024 ❄️ What a fantastic night celebrating all we’ve accomplished over the past 12 months! 🌍 It was amazing to bring together our teams from Berlin, Frankfurt, London, and Leeds. We work hard—and we definitely know how to celebrate too! 🕺 A huge thank you to our incredible Office Manager Beth Whomsley for organising such a brilliant evening! 🎉
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📢 Unlock £500,000 in training for your team! We’ve partnered with Multiverse to offer fully-funded courses in AI and data analytics, empowering SMEs to boost productivity and innovation. 📅 Join our January webinar to learn more, with courses starting in March. 👉 Sign up here: https://lnkd.in/eAe3qjPE #Upskilling #AI #SMEs #TrainingFund
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🚀 Shining a spotlight on our brokers! 🚀 Our Q3 2024 SME Expert Index survey celebrates the vital role brokers play in supporting SMEs. From providing valuable insights to shaping how we serve businesses, their feedback is essential in a fast-changing market. A big thank you to brokers like Jai Lad from Love Finance and Oliver Spencer from Shire Funding Solutions for sharing their thoughts and helping us make an even bigger impact for small businesses. We’re proud to partner with brokers driving success for SMEs across the UK. #SMEExpertIndex #SmallBusinessGrowth #BrokerSpotlight
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💡 🗞️ News alert! Our 👉 Business Hotspots 2024 👈 list reveals that 106 new businesses were created every hour across Britain in the first half of 2024. 👀 Check out the list to see which regions climbed the rankings (and which fell behind!) for #BusinessCreation ➡️
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This week we hosted our annual Top Performing Brokers Lunch, held this year at L'Escargot Soho. 🎩 The perfect chance to recognise achievements, give thanks and to celebrate the end of an incredible year with those who played a key part in its success. 🌟 Thanks again for all your support helping SMEs access finance where and when they need it. We’re excited to see what 2025 brings! 🚀 #TopPerformers #Brokers #SMEFinance #Lending
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🔍 Index Insight: Economic uncertainty rises post-Budget as SMEs brace for challenges 📉 Pessimism among SMEs has more than doubled, with 34% of brokers reporting negative sentiment, up from 15% last quarter, according to iwoca’s latest SME Expert Index. ⚠️ Recession fears are climbing again—nearly half (47%) of brokers now say SMEs are worried about an economic downturn, up from 35%. 💵 Managing cash flow is the top priority for SMEs, with 61% of brokers citing it as the main reason for loan applications—an all-time high. Colin Goldstein, iwoca’s Chief Commercial Officer, said: “Rising pessimism and recession fears reflect the tough conditions SMEs are facing. By increasing our Flexi-Loan limit to £1 million, we’re ensuring businesses have access to flexible finance to secure stability and plan for growth despite the uncertainty.” ⬇ Follow the link below to learn more. https://lnkd.in/egP-zNNk
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❗ iwoca Q3 2024 SME Expert Index - out now ❗ 📉 Pessimism surges post-Budget – brokers report economic pessimism among SMEs has more than doubled (15% → 34%). ⚠️ Recession fears return – nearly half (47%) of brokers say SMEs are worried about an economic downturn, up from 35% last quarter. 💰 Demand for larger loans grows – 45% of brokers expect applications for loans over £100K to increase in the next year. 👇 Follow the link in the comments to find out more.
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From coffee shop dives to cozy corners, discover why businesses embracing digital credit are pulling ahead in productivity and profit. ⭐ https://hubs.li/Q02Qp8k_0 #DigitisingTradeCredit #B2Becommerce
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iwoca reposted this
We're pleased to announce that SME lender iwoca has become the latest firm to achieve full registration to our business Standards. With the Standards setting the benchmark for SME lending in the UK, registered firms lead the way in prioritising the highest protections for small businesses. Read more: https://bit.ly/3ZcI9tv #SMEprotections #BusinessBanking #EthicalLending #Fintech