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

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 assess a business’ loan application.

The partnership is the latest innovation for iwoca who already partner with a number of platforms, including Pay Pal, Ebay, Sage Pay and notonthehighstreet.com.

The latest integration will allow iwoca to further evolve the business-lending sector and move towards a fully automated lending model.

 Quotes

Christoph Rieche, iwoca CEO and co-founder, said:

“This is another milestone for iwoca that manifests our commitment to find innovative ways to channel financing to e-commerce merchants, and further grow and support the industry. This partnership gives 12,000 merchants in the UK access to the financing they need to grow their business. A real achievement for the merchant, ekmPowershop and us.”

Steven Hickey, ekmPowershop’s Head of Business Development commented:

“Powering thousands of online SMEs, we see the struggles they face with obtaining funding and cash flow whilst competing with the bigger, more established brands. iwoca offers a credible source of funding to businesses who don’t always get what they need from high street banks, so we’re happy to be partnering with them” 

Attached Files

Archive

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 […]

Read full post

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, […]

Read full post

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 […]

Read full post