Iwoca lends £1.5bn to SMEs in 2025
Fintech lender Iwoca lent £1.5bn to small and medium-sized enterprises (SMEs) in 2025, taking its total financing past £6bn.
London-based Iwoca increased its SME lending in 2025 from £952m in 2024, funding around 100,000 loans last year.
Revenue also grew sharply, rising 56 per cent to £366m from £234m in 2024, while profit reached £85.1m, the firm said.
“Since launch in 2012, we’ve focused relentlessly on our mission to finance underserved SMEs,” said Christoph Rieche, Iwoca’s chief executive and co-founder.
“While we’re now lending at scale, and announcing new products and partnerships, the funding gap continues to widen.”
Read more: BBB launches $140m fund for East of England SMEs
Iwoca stated that it has now lent more than £6bn to small businesses and has built a range of tools to help SMEs access finance.
The firm today (28 September) launched a business credit card, giving UK SMEs access to flexible credit for day-to-day spending and unexpected costs.
Read more: British Business Bank supports £9.4bn of finance for SMEs in 2025-26
Earlier this year, it launched Credit Compass, a free tool designed to give every UK SME insight into its credit standing. It also runs iwocaPay, a business-to-business buy now, pay later service launched in 2020.
