£270M
Citibank, Insight Investment, Barclays, and Värde Partners backed the financing round to fuel expansion in the UK and Germany.
"this investment will enable us to keep up with the high demand from small businesses for our Flexi-Loan product."
VP
Värde Partners
Venture CapitalAn investment firm specializing in private credit and financial services opportunities.
Portfolio
1
companies
By category
- FinTech£470M
By location
- London£470M
Portfolio companies
Team
AM
Aneek Mamik
Global Head of Financial Services & Diversified Private Credit
Recent investments
£200M
The new debt financing follows an earlier facility extension with Pollen Street Capital.
"We started iwoca after the financial crisis to offer SMEs the support that was so badly needed during uncertain times. Now, over 10 years later, we are fully tested and have proven that we can be there for SMEs when they need us the most. With this new funding, we’re in an even better position to help smaller businesses in the UK and Germany at a time of economic uncertainty. These SME businesses form the basis of a strong economy, and iwoca will lead from the front to help them thrive and achieve their goals."
