Summary
Insights
Iwoca, based in London, provides credit financing specifically for small and medium-sized enterprises (SMEs). The company distinguishes itself by offering faster and more flexible financial solutions than traditional banks, which often have lengthy application processes and rigid requirements. By focusing on SMEs, Iwoca addresses a critical market gap, especially for businesses with limited growth opportunities or cash flow issues. Supported by notable investors, Iwoca has enhanced growth prospects. However, it faces competition from both traditional banks and alternative financing options. To stay competitive, Iwoca must continue to innovate and adapt its offerings to meet the evolving demands of SMEs.
Total Funding
$504M
- Series B (2015) $20.0M
- Debt Financing (2024-07-01) $290M
- Unknown (2020-01-01) $133M
- Series D (2019-01-01) $26.0M
- Series C (2016-04-01) $26.8M
- Series A (2014-09-01) $6.3M
- Seed (2013-03-01) $2.5M
Investors
Acton Capital Series B
Acton Capital Series B
CommerzVentures Series B
Shawbrook Bank Debt Financing
Barclays Debt Financing
Citibank Debt Financing
NIBC Bank N.V. Debt Financing
Pollen Street Capital Debt Financing
Insight Investment Debt Financing
Augmentum Fintech Series D
Prime Ventures Series D
Redline Capital Series C
Talis Capital Series A