Who is iwoca?

iwoca stands for instant working capital and their lending system has been designed with speed in mind, offering working capital loans which can be applied for in minutes and transferred within hours.

 iwoca was first launched in 2012 by financial industry heavyweights, Christophe Rieche and James Dear, former Vice Presidents of Goldman Sachs and Deutsche Bank respectively. 

The company has a passion for combining responsible lending with the very latest analytical technology. This has seen them lend more than £170m to thousands of UK businesses

What loan products do iwoca offer? 

Business loans

iwoca offers working capital loans for UK businesses, these loans can be used to assist for almost any business purpose, including for example: 

• Purchasing new assets and equipment 
• Staff training
• IT infrastructure
• Premises expansion
• Cash flow 

iwoca loans can range from between £1,000 up to £500,000. Their terms range from 1 month up to 24 months and they offer early repayment with no fee, making this a great, flexible short term loan option for businesses. 

Their professional team of account managers bring a wealth of lending experience across a diverse selection of industries. From retail, wholesale and distribution to property, leisure and healthcare, iwoca have the knowledge and expertise to help create loans with favourable terms for your business.

iwoca pay

iwoca pay is an alternative finance option for b2b companies. Integrating with a business’ payment process, iwoca pay offers a “buy now pay later” option for a businesses trade customers. This means that a business can get paid upfront, while their customers can space out payments to ease their respective cash flow. 

If you opt for iwoca pay, iwoca will take on the credit risk and implement their own credit control processes, so there isn’t a threat of non payment to your own business’ cash flow.

Who is eligible for a loan with iwoca?

To be eligible for a loan with iwoca, you will need to be a limited company registered in the UK. The amount you could qualify for with iwoca varies on a case by case basis. 
Start up loans are available with iwoca up to a maximum of £10,000. 

What are the key benefits of an iwoca loan?

Benefits to an iwoca loan include: 

• A fast and easy application process, minimal information is generally required compared to other business loans
• No early repayment fees 
• Once approved, you can draw down funds within the same day
• They've created a state of the art analysis tool which uses thousands of data points to instantly predict future trading trends of your business, helping to provide fair underwriting decisions based on real business performance.

iwoca reviews

Their award-winning platform has led them to become one of the UK's most respected fintech organisations, achieving a TrustPilot score of 4.8 (February 2024).

Compare iwoca and other business lenders, instantly

At Capitalise, we work with 100+ UK lenders, meaning you can easily compare iwoca to many other options available in the market. When you search for funding with Capitalise, we’ll match your business with the lenders most suited to your needs and you’ll be able to apply to up to 4 lenders in just one application for ease. With support from a dedicated funding specialist, you can compare all of your options to find the right solution for your business.