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iwoca secures USD 130 mln in funding round

Monday 3 August 2020 11:00 CET | News

Alternative lender iwoca has raised USD 130 million from an undisclosed investor. 

The cash will be used to help support businesses through the scheme and open applications to new customers. Under CBILS, SMEs can apply for loans between USD 65.511 and USD 6.5 million, although iwoca only offers loans up to USD 390.120.

As well as announcing the fresh funding, iwoca is also calling on banks to partner with the alternative lender to help ease the backlog of applications.


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Keywords: iwoca, CBILS, loans, SMEs, lender, banks, partnership
Categories: Payments & Commerce | Payments General
Countries: United Kingdom
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