2015’s biggest investments: iwoca £14m

Small business lender iwoca raises finance to accelerate European expansion

Company: iwoca
Description: Small business lender
Founders: Christoph Rieche, James Dear
Based in: London
Raised: £14m ($20m)
Investors: Acton Capital Partners and CommerzVentures, Redline Capital

They said:

 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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