iwoca

iwoca.co.uk

t: @iwoca

CEO:  Christophe Rieche

Co-Founder:     James Dear 

Founded: 2011

Sectors:  Lending  

HQ: London

Working capital was in shorter supply when iwoca launched in 2012. The lender has now issued over £70m to 4000+ businesses across the UK, Poland, Spain and Germany with issuance to new customers increasing by 360%. Annual revenue now tops £5m and the London-based company raised $20m equity in a Series B round in July 2015, with a stated ambition to lend to at least a million businesses across Europe within a decade. Last year, the firm opened its creditas-a-service to Alibaba to offer trade finance to small businesses importing from China and iwoca says its goal of lending to at least a million businesses across Europe within a decade defines its ambition.