iwoca business loans overview
Based in London, iwoca is a direct lender (rather than a broker) offering fast and flexible credit to small businesses across Europe. From placing larger stock orders to bridging cash flow gaps, businesses use iwoca’s loans to power growth.
iwoca, which is a contraction of “instant working capital”, was founded in 2011 by Christoph Rieche and James Dear. The lender uses award-winning technology to eliminate the cost and complexity associated with traditional business finance. It uses this tech to understand a small business instantly based on its trading data, not just through a credit score. It looks at thousands of data points to consider each business individually.