- Iwoca, a UK-based SME lender, secures £200 million in a new debt facility.
- Founded in 2011, Iwoca provides embedded lending solutions for small businesses.
- They have lent over £2.5 billion to more than 120,000 business loans.
- The fresh facility adds to their existing funding, totaling more than £850 million.
- Iwoca aims to meet the growing demand for working capital among SMEs as traditional banks reduce access.
- Iwoca’s CEO, Christoph Rieche, sees this funding as a way to support smaller businesses in the UK and Germany.
- Värde Partners highlights Iwoca’s unique sourcing and underwriting capabilities for commercial businesses.
