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 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.”

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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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, […]

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