iwoca

iwoca was founded in March 2012 by Christoph Rieche and James, after they identified that small businesses were underserved by traditional banks. The company is headquartered in the UK and operates across the UK and Germany.

iwoca provides small-business finance through its Flexi-Loan and revenue-based finance products. Customers can typically borrow between £1,000 and £1 million, with applications supported by connected bank data or uploaded financial documents.

Its main strength is combining technology-led credit assessment with flexible lending. The company highlights fast decisions, drawdown-based interest, early repayment without fees, and funding tailored to businesses that may not fit conventional bank criteria.