Founded in 2011, iwoca uses award-winning technology to break down the barriers obstructing access to finance for Europe’s 20 million small businesses. The fintech firm has funded more than 25,000 small and medium enterprises across the UK, Germany and Poland.
“Whilst there are many companies attempting to address SME lending, few have a credit product as advanced as iwoca. We believe their industry-leading analytics and technology set them apart from other lenders and give them a competitive advantage others will find hard to replicate. We are confident that iwoca will emerge as one of the winners in the SME space”, says Tim Levene.
In January 2019, Augmentum provided £7.5m in funding.