Company overview
HQ · London
Term loanLine of credit
iwoca is a UK‑based alternative lender that provides unsecured business loans to small and medium‑size enterprises, offering fast, flexible financing through direct, API and broker channels. Since its 2012 launch it has funded over 100,000 businesses with loan sizes from £1,000 to £1 million and terms up to 60 months.
Company focus
- Headquarters
- London
- Founded
- 2012
- Employees
- 201-500
- Specialties
- fast approvals, unsecured business loans up to £1M, API and Open Banking integrations, broker/introducer portal
Reported eligibility
- Time in business (months)
- 24
Third-party reputation
- Reported research
- iwoca holds a 4.8/5 rating on Trustpilot with nearly 12 k reviews, is FCA‑registered for payment services (FRN 791804), accredited under the UK Recovery Loan Scheme, and was reported in November 2025 to be exploring a sale.
- Reading this research
- Third-party ratings are historical research, not a Plutus merchant rating. Legal and cost statements are attributed reports, not findings by Plutus; confirm the original sources and current terms.