What is iwoca?
iwoca is a leading fintech company dedicated to providing accessible and flexible business loans ranging from £1,000 to £1,000,000 for small and medium-sized enterprises across the UK. Since its inception, iwoca has served over 150,000 businesses, offering a streamlined application process, rapid loan approvals, and penalty-free early repayment options. The company's mission is to empower businesses to manage their cash flow, seize growth opportunities, and navigate unexpected financial challenges, solidifying its reputation for customer-centric innovation in the lending sector.
How much funding has iwoca raised?
iwoca has raised a total of $919.2M across 10 funding rounds:
Series B
$20M
Debt
$32.2M
Series C
$26.7M
Other Financing Round
$68.9M
Series D
$193M
Debt
$112M
Debt
$203M
Debt
$251.9M
Series B (2015): $20M supported by Redline Capital and Acton Capital
Debt (2016): $32.2M featuring Shawbrook Bank
Series C (2016): $26.7M backed by Prime Ventures, Global Founders Capital, Redline Capital, and Acton Capital
Other Financing Round (2018): $68.9M with participation from Shawbrook Bank, Pollen Street Capital, and NIBC Bank
Series D (2019): $193M led by Prime Ventures, Augmentum Fintech, and NIBC Bank
Debt (2020): $112M, investors not publicly disclosed
Debt (2023): $203M featuring Pollen Street Capital
Debt (2024): $251.9M backed by Waterfall Asset Management and Citi
Key Investors in iwoca
Waterfall Asset Management
Waterfall Asset Management is an SEC-registered institutional asset manager focused on structured credit and private equity investments, based in New York City.
Citi
Citigroup Inc. is a leading global financial services company providing a broad range of financial products and services to individuals, corporations, governments, and institutions worldwide.
Pollen Street Capital
Pollen Street Capital is an independent alternative investment management company specializing in private equity and credit strategies, focusing on financial and business services.
What's next for iwoca?
With the recent major strategic investment, iwoca is poised for accelerated expansion and further innovation in its lending products. The substantial capital infusion is expected to fuel enhancements in its technology platform, broaden its market reach within the UK, and potentially explore new service offerings to better cater to the evolving needs of SMEs. This strategic backing from key financial partners signals confidence in iwoca's business model and its potential to disrupt traditional lending practices, positioning the company for sustained growth and market leadership in the competitive fintech landscape.
See full iwoca company page
