Iwoca: Expands revenue based loan to support post-pandemic SME recovery
- iwoca was founded to expand possibilities for small businesses believe finance should feel like a superpower
- Announced the expansion of its merchant cash advance product to small businesses to all businesses accepting card payments in the UK
- The merchant cash advance will enable small businesses to repay their loan based on their sales
- SMEs frustrated by lack of flexibility from other loan providers
- This product expansion comes following a successful integration with FundingXchange, launched in September
- The ability to change payments depending on business performance is a key benefit
