Iwoca provides small business credit finance services. The Company aims to empower entrepreneurs and to help fuel the growth of ecommerce by providing its customers with access to funding for inventory, technology, employees or international expansion. Iwoca offers finance for businesses for various purposes ranging from bridging short-term cashflow gaps to investing in stock opportunities.

Employee Rating

4.6More
TypePrivate
HQGreater London, GB
Founded2011
Size (employees)249 (est)+3%
Websiteiwoca.co.uk
iwoca was founded in 2011 and is headquartered in Greater London, GB
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Key People/Management at iwoca

Christoph Rieche

Christoph Rieche

CEO and Co-Founder
James Dear

James Dear

CTO and Co-Founder
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iwoca Office Locations

iwoca has an office in Greater London
Greater London, GB (HQ)
247 Tottenham Court Rd
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iwoca Financials and Metrics

Summary Metrics

Founding Date

2011

iwoca total Funding

$31 m

iwoca latest funding size

$19.51 m

Time since last funding

3 years ago

iwoca investors

iwoca's latest funding round in July 2015 was reported to be $19.5 m. In total, iwoca has raised $31 m. iwoca's latest valuation is reported to be £54.6 m.
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iwoca Revenue

iwoca's revenue was reported to be £6.22 m in FY, 2015 which is a 128.2% increase from the previous period.
GBP

Net income (FY, 2017)

(133.0k)

Market valuation

54.6m

Cash (31-Dec-2017)

755.0k
  • Source: Company Filings
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.1m2.7m6.2m

Revenue growth, %

146%128%

Cost of goods sold

437.0k926.0k

Gross profit

672.0k1.8m
GBPFY, 2014FY, 2015FY, 2016FY, 2017

Cash

50.0k441.0k508.0k755.0k

Current Assets

3.3m10.4m14.0m20.0m

Total Assets

3.3m10.4m14.0m20.0m

Accounts Payable

6.0k
GBPFY, 2015FY, 2016FY, 2017

Net Income

3.0k(302.0k)(133.0k)
GBPY, 2017

Financial Leverage

-52.4 x
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Human Capital Metrics

iwoca's employees are reported to be approximately 28% female and 72% male.
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iwoca Online and Social Media Presence

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iwoca News and Updates

Iwoca adds Barclays and HSBC to Open Banking connections

iwoca, the UK’s fastest growing small business lender, today announces it has connected to Barclays...

Open Banking comes to small business lending with Lloyds and iwoca

Iwoca has become the first small business lender to use Open Banking rules to connect with one of th...
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iwoca Blogs

It’s been a year since Xerocon 2017, and this year we’re back for more

We’re thrilled to be returning to Xerocon London 2018 after the success of last year. Xero’s event celebrates the latest, greatest innovation in tech for accountants, all with an eye to making finance easier for small business owners. You could easily have mistaken last year’s fixture for a festival…

What is Open Banking? An interview with iwoca’s expert Anna Karina Nava

Since January 2018, Anna Karina Nava and her team have been working on Open Banking here at iwoca. We caught up with her to understand what exactly Open Banking is, its benefits and what the future will hold. Hi Anna; it’s great to chat. As a quick recap, could you please explain what Open Banking […

How to write a R&D claim

Research and Development Tax Credits (R&D Tax Relief) were introduced almost twenty years ago by Government to encourage innovation in UK companies. For qualifying companies, the relief is in the form of a reduction in Corporation Tax liabilities or sometimes a Payable Tax Credit (cash payment).…

3 unusual (yet effective) ways to find new team members for your accountancy firm

Speak to any accountancy firm, large or small, and they will all tell you that they can’t find good team members for love nor money. So we asked Heather Townsend, author and founder of The Accountants Millionaires’ Club, for ideas on how accountancy firms can recruit new team members by tapping into…

A small business guide to surviving Christmas (and keeping your sanity)

For most of us, the summer glides into Christmas alarming quickly; Halloween and bonfire night are minor stepping stones as the festive season approaches. No more so than for small business owners, whose minds are fixed firmly on Christmas even while it’s still warm enough to sunbathe.     This isn’…

iwoca is 7 years old today. Hurray!

It’s iwoca’s birthday! We’ll be blowing out seven candles on our cake today. Our company was founded back in 2011 by Christoph Rieche, our CEO, and James Dear, our CTO, and we’ve been incredibly busy ever since then. So it’s a fantastic birthday present for us to know that, through all the hard work…
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iwoca Company Life and Culture

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iwoca Frequently Asked Questions

  • When was iwoca founded?

    iwoca was founded in 2011.

  • Who are iwoca key executives?

    iwoca's key executives are Christoph Rieche and James Dear.

  • How many employees does iwoca have?

    iwoca has 249 employees.

  • Who are iwoca competitors?

    Competitors of iwoca include Standard Chartered, Barclays and 1pm.

  • Where is iwoca headquarters?

    iwoca headquarters is located at 247 Tottenham Court Rd, Greater London.

  • Where are iwoca offices?

    iwoca has an office in Greater London.

  • How many offices does iwoca have?

    iwoca has 1 office.