10 years ago

Iwoca Raises $20 Million to Expand in Europe

  • Iwoca, a fintech startup based in London, has raised $20 million in Series B funding from CommerzVentures, Acton Capital Partners, Redline Capital and other existing investors

  • The funding will be used to grow the company's European business, which provides flexible financing to small businesses

  • Iwoca operates in the UK, Germany, Spain and Poland and has seen its lending to SMEs increase by over 250 percent year-on-year.

      • ProblemFinancial Services

      "Small businesses in Europe struggle to get the financing they need from traditional banks. "

      Solution

      "Iwoca provides flexible financing to small businesses in Europe, making it easier for them to access the capital they need to grow."

      Covered on