iwoca

Background and contacts

About iwoca

iwoca (www.iwoca.co.uk) is the only provider of short term finance to online retailers based in the UK. iwoca aims to empower entrepreneurs and to help fuel the growth of e-commerce by providing its customers with access to funding for inventory, technology, employees or international expansion. By looking directly at their sales data and customer feedback scores, iwoca can make a fair assessment of an online business.

About The Digital Newsroom

The iwcoa Digital Newsroom is a simple and useful resource for you to keep track of all the latest news stories. High resolution images and complete press releases are available to download from here, and you can connect with our various social media profiles easily. Suggestions for improvements are welcome.

Contact Details

Katie Bawler & Lauren Preece
Manifest London
t. +44 (0)203 1379 270
e. iwoca@manifestlondon.co.uk

iwoca

Ecommerce gets Smarta with iwoca

Smarta 100 winner, iwoca, helps online sellers save onbusiness expenses

iwoca has teamed up with business network, Smarta, to help small ecommerce businesses to operate more cheaply and efficiently. iwoca will be offering 1,000 free SmartaCards, a discount card providing exclusive offers and savings for entrepreneurs, to SME ecommerce business owners.

  • By using the card, businesses can save thousands of pounds annually on expenses such as IT support, insurance, human resource, printing and accounting services.
  • Winner of the Smarta 100 in 2012, iwoca, has partnered with Smarta to help other small ecommerce businesses that are potential future winners of the award.
  • The Smarta 100 is an annual celebration of the most resourceful, inspiring and disruptive small businesses in the UK.
  • A business simply needs to be trading online in order to qualify for the free card (RRP £49.99).
  • The promotion, worth £50,000, will also see iwoca offer businesses that sign up to the SmartaCard 50% off the first month’s interest on an iwoca loan.

Quotes

Christoph Rieche, CEO & Co-founder at iwoca, commented:

“Small businesses need access to finance in order to grow. Our aim is to empower entrepreneurs and small businesses and access to capital can take many different forms. Our core offering is providing online businesses with easy access to short term loans. By offering this free SmartaCard, we can help ecommerce businesses to save money in other areas that will free up cash to focus on developing their business.”

 

Shaa Wasmund, Founder of Smarta, added:

“We’re delighted to be offering support to ecommerce companies in partnership with iwoca. One of the biggest challenges facing small businesses today is cashflow; by using a SmartaCard business owners have much-needed access to offers that can save their business money, without them changing their purchasing habits.”

 

Attached Files

Archive

iwoca and ekmPowershop partner up to fuel e-commerce growth

iwoca, the only UK-based provider specialising in funding for online retailers, has launched a new integration with Europe’s leading shopping cart provider, ekmPowershop. The collaboration with ekmPowershop will grant 12,000 UK merchants quick and easy access to funding, fuelling ecommerce growth further. Iwoca will use real-time sales and transaction data from the ecommerce provider to […]

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IWOCA RAISES £5MILLION INVESTMENT TO FUEL UK GROWTH AND EUROPEAN EXPANSION

EMBARGOED 10:00 09.01.14 Small business lender, iwoca, buoyant after securing £5million funding from leading investors Global Founders Capital (“GFC”), the new private investment fund founded by the Samwer brothers, and Redline Capital Management S.A., a Luxembourg asset management company acting for Redline Capital Fund (“Redline”), led the equity and debt funding round. All existing investors […]

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iwoca COMMENT: PayPal launches PayPal Working Capital

“PayPal’s foray into small business lending is a clear indicator that ecommerce is booming. With the sector growing rapidly, we welcome another player to the market as it can only serve to empower more entrepreneurs and further fuel UK business growth.   Whilst it is a positive move, PayPal’s initiative is rather one-dimensional compared to […]

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