iwoca is an online FinTech company that offers credit facilities to small businesses trading in the UK, Poland, Spain, and Germany via an automated lending platform.

iwoca offers a new type of credit facility for small businesses, allowing them to take advantage of opportunities previously only available to their larger peers. From placing larger stock orders to bridging cashflow gaps, we believe that access to finance is crucial to driving business growth.

iwoca was founded in 2011 by Christoph Rieche and James Dear. The company is based in London, with operations across Europe. 

iwoca’s embedded lending technology allows SMBs to access loans through accountancy software apps, digital neobanks and other platforms. The company offers its Flexi-Loan core lending product in amounts up to £500,000 ($611,673), a limit it raised from £200,000 ($244,669) last year.

iwoca also offers an omni-channel B2B payment solution – iwocaPay, and a Revenue Based Loan, which it also launched in cooperation with eBay in 2022. iwocaPay integrates with Xero, QuickBooks, to become the first B2B buy now, pay later solution for cloud accounting software across the UK.

iwoca uses various machine learning models to automatically assess businesses based on data taken directly from eBay, Amazon, PayPal, Sage Pay, business bank accounts and other online and offline platforms. The company is reaching nearly 3 million businesses across the UK and Germany.

iwoca is backed by NIBC Bank N.V., Global Founders Capital, Insight Investment, Shawbrook Bank, Prime Ventures, Capability and Innovation Fund and others. The company The company increased its funding line to £170M ($208M) on Feb 02, 2023. This brings iwoca's total funding to $660M to date.