Iwoca Secures £200 Million to Expand SME Lending
iwoca, a prominent finance solutions provider headquartered in London, UK, has recently secured an impressive £200 million in new financing to further bolster its operations. This financial backing was made possible through the collaborative efforts of industry giants Citi and Waterfall Asset Management. Under the astute leadership of CEO Christoph Rieche, iwoca has successfully transformed from a modest startup begun eleven years ago into one of the strongest SME lenders in Europe. This remarkable journey is a testament to iwoca's innovative approach and commitment to supporting small and medium-sized enterprises in their growth and development.
The firm's current workforce has expanded to approximately 400 talented professionals located in both London and Frankfurt, signifying its rapidly growing presence in the financial sector.
The new influx of funds will be strategically directed towards expanding iwoca's business reach, particularly focusing on medium-sized enterprises. One of the key initiatives in this expansion plan is to double the size of iwoca's flagship offering, the Flexi-Loan, which will now support loans of up to £1 million. This bold move aims to enhance iwoca's competitive edge in the lending market and provide even greater financial support to a wider range of businesses.
The recent funding acquisition marks a significant milestone for iwoca, following a series of successful investment rounds over the past two years, which have brought in a remarkable £740 million in debt funding. Among the noteworthy partners contributing to this total are banks and investment firms such as Citi, Barclays, Värde Partners, Pollen Street Capital, and Insight Investment. As iwoca continues to evolve and strengthen its position in the industry, it remains committed to its core mission of empowering small and medium-sized businesses with the financial resources they need to thrive in today's competitive landscape.
They've invested in iwoca
Get to know these Fintech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Citi | 7 investment(s) investment(s) | more info | |||
2 |  Waterfall Asset Management | 1 investment(s) investment(s) | more info | |||
3 |  Barclays | 6 investment(s) investment(s) | more info | |||
4 |  Värde Partners | 1 investment(s) investment(s) | more info | |||
5 |  Pollen Street Capital | 2 investment(s) investment(s) | more info |
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