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 […]
iwoca and FreeAgent unite to shake up the traditional business lending sector
iwoca, the only UK-based provider specialising in funding for online retailers, has today announced that it has integrated with FreeAgent, the leading online money management and accounting tool for SMEs.
By integrating with FreeAgent, iwoca can instantly assess the performance of an ecommerce business using the FreeAgent platform together with an online selling account, to offer straight-forward, affordable finance of £500 – £50,000.
The partnership quickly follows iwoca’s integration with Magento earlier this month, providing online sellers with more ways to connect their ecommerce business to iwoca and access the funds they require to grow.
To celebrate this milestone, iwoca is offering the first month interest-free to the first 50 FreeAgent customers who apply successfully for a loan.
Since launching in March 2012, iwoca has issued thousands of loans to online retailers to develop their business by providing access to fast, flexible funding. iwoca’s dedicated account managers take the time to understand customers, their business and their business ambitions, to provide them with a tailored finance plan to help them grow.
Christoph Rieche, iwoca CEO and co-founder, said:
“iwoca is here to shake up traditional business lending and our integration with FreeAgent is further evidence of our rapidly expanding presence in the world of ecommerce. We’re really looking forward to working with ecommerce businesses using FreeAgent’s platform and helping them to take advantage of the opportunities that come their way.”
Ed Molyneux, CEO and co-founder of FreeAgent, said:
“We’re delighted to announce our partnership with iwoca and look forward to working closely with them in the future. They are pioneering an important way for online retailers in the UK to find funding for their business, and I’m sure this will be hugely beneficial for the many online small businesses who use FreeAgent to manage their accounts.”
Find out more about iwoca and sign up at iwoca.co.uk