Tagged: iwoca

iwoca and Business Account Provider Countingup to Provide Flexible Loans

iwoca, which claims to be one of Europe’s largest SME lenders, announces a partnership with business account provider Countingup to make business finance available to almost 10,000 of Countingup’s users at the touch of a button. Building on Countingup’s suite of built-in finance, accounting and… Read More

UK Fintech iwoca Reports Optimism Among SMEs About Business Growth in 2024

‍Small business optimism returns in 2024, as half of SMEs anticipate growth this year, according to new research from iwoca – one of Europe’s small business lenders. As noted in the update from iwoca, nearly half (47%) of small business owners “surveyed expect that their… Read More

European Fintech iwoca Reports Decline in Recession Concerns as SMBs Seek Larger Loans

SME anxieties regarding a potential recession have eased by a third (32%) since Q4 2022, though inflation concerns remain, according to iwoca’s Q4 2023 SME Expert Index. Under half (49%) of SME finance brokers surveyed “report their SME clients having any recession fears––a significant drop… Read More

‍European Fintech iwoca Survey: Small Business Optimism Returns in 2024, SMEs Anticipate Steady Growth

‍Small business optimism returns in 2024, as half of SMEs anticipate growth this year, according to new research from iwoca – which claims to be one of Europe’s largest small business lenders. iwoca also mentioned that nearly half (47%) of small business owners “surveyed expect… Read More

European SME Owners Expect to Generate Substantial Revenue During Holiday Period – Research Report

With Christmas around the corner, small and medium-sized businesses across the UK are hoping for a much-needed surge in customer spending. Research from iwoca, which claims to be one of Europe’s largest small business lenders, reveals “that more than two in five (44%) SME owners… Read More

UK SMEs Claim to Have Good Understanding of AI but Significant Barriers to Adoption Still Exist – Report

New data from small business lender iwoca reveals that while more than half of SME owners (55%) feel they “have a good understanding of AI, the majority are nervous about how it will impact their business.” The new research of SME owners across the UK… Read More

High Street Banks Reduce Appetite to Fund UK SMEs, iwoca Research Claims

Over eight in ten SME finance experts (83%) believe that high street banks are reducing their appetite to fund the UK’s 5.5m small and medium-sized businesses, according to iwoca’s latest Q3 2023 SME Expert Index. The analysis shows that “the drop in lending is set… Read More

SMEs Are Being Let Down by Banks: NEO CEO

There have been reports on both sides of the Atlantic that some banks are pumping the brakes on providing credit to smaller businesses. While there are multiple reasons why this may be the case, a gap in lending has helped to boost alternative lending platforms… Read More

Fintech iwoca Report: UK Business Growth Remained Steady in H1 2023

Despite a challenging economic environment, 101 new businesses were created every hour across the UK in the first half of 2023, according to research by iwoca – one of Europe’s largest small business lenders. Analysis of Companies House data reveals “that over 436,000 businesses were… Read More

Government to Miss Inflation Target in 2023, UK Brokers Predict

The vast majority of SME finance professionals expect the Government to miss its target of halving inflation by the end of the year, iwoca’s Q2 2023 SME Expert Index finds. The new research, carried out with over one hundred SME finance brokers “who collectively submitted… Read More

European SME Lender iwoca Raises £200M Funding Line after Reaching £2.5B in Finance Lent

iwoca, which claims to be one of Europe’s largest SME lenders, announces a new funding line with initial commitments of £200 million from Barclays and Värde Partners. In January this year, iwoca secured “an increase and extension to its existing funding line, with long-standing partner… Read More

UK Firms May Offer Flexible Payment Option via iwoca’s B2B Payments Solution iwocaPay

Businesses in the UK can now give their trade customers up to 12 months to pay for products or services, with a new feature of iwoca‘s integrated B2B payments solution iwocaPay. Building on a 3 month offering, iwocaPay has now “added a second option allowing… Read More

UK Businesses Continue to Expand Operations, Despite Challenging Economic Environment, Research by iwoca Reveals

Despite a challenging economic environment, 101 new businesses were created every hour across the UK in the first half of 2023, according to research by iwoca, one of Europe’s small business lenders. Analysis of Companies House data reveals “that over 436,000 businesses were registered in… Read More

UK Government Expected to Miss Inflation Target in 2023, Report Claims

The vast majority of SME finance experts expect the Government to “miss its target of halving inflation by the end of the year,” iwoca’s latest Q2 2023 SME Expert Index finds. The new research, carried out with over one hundred SME finance brokers who collectively… Read More

Rising Costs Mean “Going Green” Deprioritized by UK SMEs, Research Report Claims

The increased cost of doing business is “preventing the UK’s 5.5m small and medium-sized businesses from going green,” new research finds. With core inflation rates at 6.8% – the highest in 31 years – protracted high costs could be delaying SME owners’ plans “to green… Read More

BNPL: UK Firms Can Now Give Trade Clients 12 Months to Pay for Products with iwoca B2B Payments

Businesses in the UK can now give their trade customers up to 12 months to pay for products or services, with a new feature of iwoca‘s integrated B2B payments solution iwocaPay. Building on a 3 month offering, iwocaPay has now added “a second option allowing… Read More

European Fintech iwoca Reports UK SME Confidence Making a “Cautious” Comeback

There are signs of confidence returning to the UK’s 5.5m small and medium-sized businesses and the lending market they rely on, iwoca’s latest SME Expert Index finds. The new research, “carried out with over one hundred SME finance brokers who collectively submitted over 2,500 SME… Read More

Major UK SME Concerns in 2023 Revealed in Report Released by European Fintech iwoca

As Chancellor Jeremy Hunt announced measures intended to lift the UK economy in the Spring Budget, data from iwoca highlights what small businesses “were most worried about as they entered 2023.” Small business lender iwoca’s latest SME Expert Index data – based on UK finance… Read More

UK Small Businesses Reportedly Losing 680,000 Days of Trading Each Month as Impact of Strikes Bite

With signs that strikes may be abating for the time being, new data from small business lender iwoca reveals that UK SMEs have “lost out on 680,000 days of trading per month, due to industrial action.” Cumulatively, this amounts “to four million days of trading… Read More

High Street Banks Cut Lending to SMEs as Demand for Finance Grows: iwoca Report

Demand for finance from the UK’s 5.5m small and medium-sized businesses1 is on the rise at the same time as banks are “reducing their lending appetite,” according to iwoca’s latest SME Expert Index. More than eight in ten SME finance brokers (82%) agree “that major… Read More

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