iwoca

Finance built for small businesess

iwoca was founded to expand possibilities for small businesses. At iwoca, we believe finance should feel like a superpower, not a headache. That’s why our founders, Chris and James, decided to create a solution custom-built for small businesses. One that strips out the hassle, gets to know what each business needs, and looks for opportunities rather than problems. One that provides access to finance where and when your business needs it. Our partner integrations and our Lending API mean we can provide access to finance where and when small businesses need it. Our award winning credit risk engine help us make faster, more accurate credit decisions built around the performance of the business. We are proud to be NACFB Lender of the year, Xero Financial Services App of the year and, most recently, winner of the £10m Banking Competition Remedies grant. Since 2012, we’ve made funding available to over 50,000 businesses, from cafés to car dealers, salons to solicitors. But we’ve only just started. Our mission is to fund one million small businesses.

Agricultural loan Business loan Mortgage loan Energy Investment Real estate

About iwoca

247 Tottenham Court Rd Bloomsbury London W1T 7QX United Kingdom
Contact Email: support@iwoca.co.uk
Phone Number: +020 3778 0105

5.8
57 Platform credit risk rating
0 / 2.25
1.25 / 1.25
0 / 2
1.5 / 1.50
3 / 3
View rating distribution
PLATFORM DATA
Max Interest Rate
22%
Min Interest Rate
9%
Max Investment
999999$
Min Investment
50$
Max Loan Terms
18 months
Min Loan Terms
90 days
Loan Types
Agricultural loan Business loan Mortgage loan Energy Investment Real estate
Currencies
GBP
Origin of Platform
Secondary market
No
Secured on Assets
No
BuyBack Guarantee
No
Platform Membership
P2P Finance Association UK Crowdfunding
Launch Date
2011-10-01
Countries to Invest
United Kingdom
Exclude restricted area
Only for UK residents
Withdrawal time
5 business days
Target Borrowers
Hybrid
Average Interest Rate
9%
Uniform rate
No
Automated Lending
No
Lending Fees
None None
Withdrawal fees
No
API
Yes
Accepted Payments
Bank Transfer
Lending Model
Auction
Platform Lending Type
Individual Retail Company
Status
Operating
Time between application and obtaining money
NA business days
Min borrower loan
0$
Max borrower loan
0$
Countries for borrowing
United Kingdom
Borrowing fees
Monthly fee
More on P2P
Report