Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
Double Exposure Image of Business and Finance - Businessman with report chart up forward to financial profit growth of stock market investment.
February 22 2021

Iwoca named among fastest growing international companies

Marc Shoffman Industry News, News, Top 3 Assetz Capital, Funding Circle, iwoca

Alternative finance provider Iwoca has revealed it is approaching £250m of lending under the coronavirus business interruption loan scheme (CBILS).

It comes as the firm was the highest ranked fintech in the Sunday Times International Track 200, which ranks the fastest growing companies by total sales.

The company ranked two places higher this year at number 20.

Read more: Everything we know about the CBILS successor scheme (so far)

Iwoca, which counts Zopa backer Augmentum Fintech as a shareholder, revealed it has lent almost £250m through CBILS and will continue to lend until the scheme closes.

The CBILS scheme is due to end on 31 March but there are rumours that it could be extended in the Budget next month.

“Iwoca was born out of the frustration that small businesses were struggling to find the finance they needed to reach their potential,” Christoph Rieche, co-founder at Iwoca, said.

“We knew that technology could significantly shorten the long, drawn out and frustrating processes the banks were putting small business owners through, so built a company to fix this problem.”

Treasury data shows £20.84bn of loans were approved under CBILS as of the end of January.

CBILS-approved lenders include Funding Circle, Assetz Capital and LendingCrowd.

Funding Circle said in November 2020 that it has lent more than £800m under the scheme.

Assetz Capital has previously said it is sifting through a CBILS pipeline of £300m.

UK Finance calls for global fintech cooperation Government urged to support SME lenders

Related Posts

investors clash

Industry News, News, Top 3

Relief and frustration at absence of P2P and fintech in the Budget

Pavel Klema

Global News, Industry News, News, Top 3

Bondster names new chief executive

Fintech. Financial technology text on virtual screen. Business, internet and technology concept.

Industry News, News, Top 3

Fintech lending can solve financial exclusion

Popular posts:

  • Chancellor unveils recovery loan scheme
  • The House Crowd goes into administration
  • Budget outlines plans for £15bn of green bonds in 2021
  • Sunak to announce stringent CBILS successor scheme
  • FCA warns The House Crowd investors against using…
  • BBB sets out further details on recovery loan scheme
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by