With Iwoca, small businesses can access flexible funding options, including business loans and revolving credit facilities. The lending process is quick and easy, with a simple online application and fast approval times. Small businesses can borrow up to £250,000 and repay the loan over a period of up to 12 months.Iwoca’s credit risk engine uses advanced algorithms and data analytics to assess the creditworthiness of small businesses. This allows them to make faster and more accurate credit decisions, based on the performance and financial health of the business. By using real-time data and machine learning, Iwoca can provide small businesses with the funding they need, when they need it.In addition to providing lending solutions, Iwoca also offers a payment gateway technology that allows small businesses to accept online payments. This technology integrates seamlessly with popular e-commerce platforms, such as Shopify and WooCommerce, making it easy for small businesses to start accepting payments online.Overall, Iwoca aims to expand possibilities for small businesses by providing them with access to finance and payment solutions. Their partner integrations and Lending API make it convenient for small businesses to access funding, while their credit risk engine ensures that credit decisions are made quickly and accurately.

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