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 wins Wired Money’s Startup Pitch Stage
The company wows delegates at Wired’s inaugural financial conference.
iwoca, the only UK-based provider of business loans to online retailers in the UK, has been given a boost, after winning the Wired Money’s Startup Pitch Stage. The lender impressed judges at the financial conference last night, beating over 20 competing start-ups.
- iwoca is a FinTech company that provides funding for growth to businesses trading online on eBay, Amazon and their own web stores.
- The company looks not only at previous credit history, but also at customers’ past and current sales performance and customer feedback, when deciding whether to issue funds.
- iwoca is growing exponentially and has already issued more than 1000 loans to online businesses since it started trading in March 2012.
- It has been named one of the top 20 startups by startups.co.uk and awarded a place on the European Fintech Top 50.
Christoph Rieche, CEO & Co-founder at iwoca, commented:
“We are delighted to have won this industry recognized award. This is clear recognition from highly respected peers in the technology industry that iwoca is a winning proposition. The future is ecommerce and we are perfectly placed to serve the funding requirements of online businesses, however big or small. We are passionate about supporting the growth of this vital sector and want to drive its success even further. Currently only six percent of all retail sales are transacted online. I leave it to your imagination as to where we’ll be in 20 years time.”