The Banking Competition Remedies
4th Floor Thomas House, 84 Eccleston Square, London, England, SW1V 1PX, United Kingdom
Overview
Banking Competition Remedies is implementing the Alternative Remedies package of measures agreed between the UK Government and the European Commission following the state aid granted to the Royal Bank of Scotland.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- iwoca
Led · Grant · Mar 2020
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.
Team
No current team members are available.