| Founded | 2011 |
|---|---|
| Closed | 2024 |
| Country | UK |
| Sector | Fintech |
| Total raised | £200M+ |
| Collapse type | Slow Death |
| Founder | Christoph Rieche, James Dear |
Iwoca
"The UK SME lender that raised £200M+ but couldn't escape rising bad debt in the post-COVID reckoning"
Years-long decline before final shutdown
Key Events Timeline
Iwoca was a UK-based SME lending platform founded in 2011, providing fast credit to small businesses underserved by traditional banks.
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