What is iwoca?
iwoca offers flexible credit to SME’s across Europe, giving them the opportunity to take advantage of opportunities that were previously only available to larger businesses and facilitating their growth.
Launched in 2012, iwoca has already grown to be one of Europe’s leading fin-tech lenders, using technology to eliminate the cost and complexity associated with traditional business finance.
Why do we recommend our clients use iwoca?
There are many advantages associated with the use of iwoca, but the four key benefits our clients’ report are:
1. A fully managed process
Through iwoca’s introducer’s portal, UHY can fully manage our clients’ credit applications.
2. Save time
iwoca’s market-leading technology analyses your business data in real time, meaning you receive a credit decision within hours – often instantly.
3. Eliminate paperwork
iwoca’s process is fully online, meaning no more hours prepping documents, such as cash flow forecasts, as you are able to link online accounts or upload electronic documents.
4. No commitments
iwoca run a ‘soft’ credit search at offer stage, so clients can secure approval for free with no obligation to take the funds.
How does iwoca work with the cloud?
iwoca integrates with Xero and other cloud accounting software, giving instant access to your sales history. This ultimately speeds up the credit making decision.
About the author
Gareth Cliffe is a management accountant and sits within our dedicated cloud accounting team in Manchester. In addition to working with a mixed portfolio of accounts assignments, he has extensive experience of working with a number of cloud providers, including Xero and QuickBooks.