Accelerator Directory / Iwoca Ltd

Business Description

Unlocking economic growth by helping European small businesses access finance that's fast, fair and flexible. Funded 21,000 small businesses and counting.

iwoca offers flexible credit to small businesses across Europe, allowing them to take advantage of opportunities previously only available to their larger peers. From placing larger stock orders to bridging cashflow gaps, finance helps power our customer's growth.

We launched iwoca in 2012 and have already grown into one of Europe's leading fintech lenders. More startup than financial institution, we use technology to eliminate the cost and complexity associated with traditional business finance. That means we offer instant decisions and have no upfront fees, no lengthy forms and no long-term commitments.

Most importantly technology has allowed us to build a revolutionary risk model that understands any small business based on its trading data. Take an online retailer for example - analysing customer feedback scores, seasonal trends and profit margins helps us to predict the company's future health. In fact we look at thousands of data points for every applicant to make fair lending decisions, instantly.

Meet the founders
Christoph and James launched iwoca in March 2012. They were looking for a challenge and saw the business finance space as ripe for disruption. Since then iwoca has grown to a team of seventy, based in central London.

Christoph Rieche
As CEO and co-founder, Christoph oversees the day-to-day operations, finance and strategy for iwoca, always with an eye on the long-term vision.

After bagging a degree in Management from HEC Lausanne and the London School of Economics, Chris went on to become a VP at Goldman Sachs where he advised corporate and institutional investors on risk management.

James Dear
As CTO and co-founder, James is responsible for technology and risk. He figures out the clever stuff in the background.

James has a BSc in Theoretical Physics from Imperial College and a PhD in Theoretical Physics and Applied Probability from Kings College London.

Prior to co-founding iwoca, James was a VP at Deutsche Bank where he worked as a quantitative trader in structured credit.

Our name
iwoca stands for instant working capital.

Registered Address

10 Queen Street Place

Contact Details

Key Data

8355 Banks
Company Number
Private Limited Company
Company Age
8 years
October 5, 2011
Nature of Business
64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Year End
December 31
Accounts Due
September 30, 2020
Latest Accounts
December 31, 2018