Iwoca Secures £270 Million in Funding to Support One Million Small Businesses

Iwoca, a UK-based SME lender, has secured £270 million in debt financing from Citibank, Insight Investment, Barclays, and Värde Partners

This funding will be used to support the company's expansion in Germany and the UK, as well as to meet the growing demand for finance from SMEs

Iwoca has been helping SMEs since 2012, providing loans for various purposes, including expansion, new technology, and increasing stock

The company has a focus on innovation and developing technology to meet the needs of an underserved market.