# Iwoca

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iwoca

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.iwoca.co.uk
- Total disclosed funding: $281M
- Latest round: Debt (Oct 19, 2026)
- Investors on record: 8

## About

Iwoca Ltd is a UK-based financial technology company specializing in flexible business loans designed for small businesses, facilitating quick access to capital for various operational needs.Iwoca Ltd, founded in 2011 and headquartered in London, UK, provides financial solutions tailored for small enterprises. Co-founders Christoph Rieche and James Dear have focused the company on enhancing the accessibility of funding. Recent strategic efforts include raising GBP 45.00 mn in a VENTURE DEBT round, led by Pollen Street Capital, bringing the total amount raised to GBP 7.50 mn across 18 deals, with the most recent deal occurring on November 7, 2024.Iwoca specializes in providing flexible loans ranging from GBP 1,000 to GBP 1,000,000, primarily through its Flexi-Loan product. This offering allows small businesses quick access to funds, typically deposited within hours post-approval, with a simplified application process requiring minimal documentation. The loans support diverse business needs, including equipment purchases and cash flow management, with a commitment to addressing the financial requirements of small companies across the UK.In the most recent fiscal year 2024, iwoca reported a revenue of GBP 234,160,000 and an EBITDA of GBP 119,571,000. The company generates income through interest-based fees on business loans, with rates starting at 1.5% per month and a total repayment example indicating a representative APR of 49%.Following the GBP 200 million raised in VENTURE DEBT funding in November 2024, iwoca plans to enhance its market share by offering larger loans. This funding will directly support the company's strategy for expanding its financing offerings and reach in the small business sector.

## Funding rounds

- Debt, Oct 19, 2026, $208M — ABN AMRO, Neuberger
- Series D, Jan 23, 2019, $26M — Prime Ventures, Augmentum
- Series C, Aug 17, 2016, $27M — Prime Ventures, Acton Capital, Commerzbank, Global Founders Capital, Redline Capital Management
- Series B, Jul 3, 2015, $19M — Acton Capital, Commerzbank, Redline Capital Management

## Investors

- Acton Capital (https://capitalatlas.ai/funds/acton-capital) — Series B, Series C
- Commerzbank (https://capitalatlas.ai/funds/commerzbank) — Series B, Series C
- Redline Capital Management (https://capitalatlas.ai/funds/redline-capital-management) — Series B, Series C
- Prime Ventures — Series C, Series D
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series C
- Augmentum (https://capitalatlas.ai/funds/augmentum) — Series D
- ABN AMRO (https://capitalatlas.ai/funds/abn-amro) — Debt
- Neuberger — Debt