Great news for IWOCA! Iwoca claims to have lent more than £150m across 18,000 different transactions and supported 7,000 businesses across the UK, Poland, Spain and Germany since it launched four years ago
Iwoca, a London-based lender for SMEs, has announced the closure of a £21m Series C funding round led by Prime Ventures. The round, which also drew support from existing investors Acton Capital Partners, CommerzVentures, Global Founders Capital and Redline Capital, brings Iwoca’s total funding raised to £38m. According to a company statement, Iwoca will use the funds to continue developing its proprietary data platform, expand in the UK and Europe and secure new partnerships.