iwoca, one of Europe’s largest SME lenders, has closed a new £250 million facility with a leading UK bank and WAM Capital. 

iwoca, led by co-founder and CEO Christoph Rieche (pictured), says it can now extend its lending to more small businesses across the UK – whether they’re scaling up operations, investing in new equipment, or seizing a growth opportunity. The new facility is structured to grow as demand scales.

The new facility builds on a period of sustained growth at iwoca. The number of SMEs iwoca has funded across the UK since 2012 has grown from 60,000 (2024) to 96,000. In 2025, iwoca issued 58,000 loans worth over £1.3 billion across the UK, a 60% year-on-year increase in lending value from 2024.