Iwoca Ltd

Iwoca Ltd is a UK-based financial technology company specializing in flexible business loans designed for small businesses, facilitating quick access to capital for various operational needs. Iwoca Ltd, founded in 2012 and headquartered in London, UK, provides financial solutions tailored for small enterprises. Co-founders Christoph Rieche (CEO) and James Dear have focused the company on enhancing the accessibility of funding. Iwoca specializes in providing flexible loans ranging from GBP 1,000 to GBP 1,000,000, primarily through its Flexi-Loan product.

This offering allows small businesses quick access to funds, typically deposited within hours post-approval, with a simplified application process requiring minimal documentation. The loans support diverse business needs, including equipment purchases and cash flow management, with a commitment to addressing the financial requirements of small companies across the UK. The company generates income through interest-based fees on business loans, with rates starting at 1. 5% per month and a total repayment example indicating a representative APR of 49%.

In July 2026, Iwoca Ltd raised GBP 250 million in venture debt funding from Waterfall Asset Management. The company will use the funding to expand its lending capacity and provide more flexible financing to UK SMEs for growth, equipment purchases, and other business opportunities.