2015’s biggest investments: iwoca £14m
Small business lender iwoca raises finance to accelerate European expansion
Description: Small business lender
Founders: Christoph Rieche, James Dear
Based in: London
Raised: £14m ($20m)
Investors: Acton Capital Partners and CommerzVentures, Redline Capital
Co-founder of iwoca Christoph Rieche:
“Raising investment from Acton, CommerzVentures and our existing investors is a vote of confidence in iwoca and a sign of the growing interest not only of financial investors but also of leading banks in alternative financial technology lenders“
Patrick Meisberger, managing director at CommerzVentures:
“iwoca’s cutting edge technology provides a scalable way to understand and lend to small businesses, and is therefore a very attractive business model. With its impressive track record, we are convinced the company is set to show extraordinary growth.”
Read more about the deal here.
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