iwoca provides financial services to small and medium enterprises (SMEs) in the United Kingdom. The company focuses on lending and investment solutions such as business loans, credit card services, and iwocaPay.
Founded in 2012, iwoca serves SMEs, limited companies, and limited liability partnerships, offering flexible funding solutions. It operates on a B2B model with embedded finance and API frameworks. iwoca generates revenue through a usage-based, pay-as-you-go structure, supplemented by transaction fees. Their industry scope includes alternative lending, credit risk analysis, and working capital solutions.