Bond Network investors helped the company to raise their full funding
requirement, enabling them to extend new loans to borrowers and to
refinance short-term bonds as they mature.
provides credit facilities of between £1k and £100k to small businesses across
the UK, Germany, Spain and Poland. Founded in 2012, iwoca has issued over £45m
in loans and has recently completed a $20m Series B
Michael Elalouf, CFO, iwoca
Bond Network’s tech-enabled approach helps us diversify our financing options
and will be crucial to supporting growth amongst European SMEs.”
Elalouf, Chief Financial Officer at iwoca, commented:
“We aim to offer a flexible financing solution to
Europe’s twenty million small business...
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