Iwoca provides loans to self-employed people and SMEs, offering credit lines of up to €500,000. For smaller amounts (up to €25,000) it automates the credit assessment and can approve and pay out loans the same day, while larger applications are subject to additional individual review with a target decision and payout within two working days. The company also enables other firms to offer credit to their business customers and partners with banks such as Commerzbank. The recent increase in refinancing capacity to €350 million for Germany reflects its focus on scaling lending in that market. The article does not provide revenue, user metrics, or founding-year information.

Total raised

$1.8B

Funding rounds

15

Latest round

Debt Financing

Latest activity

Jul 2026